Charlotte, NC, November 25, 2025
Flagship Communities REIT, based in Charlotte, has enhanced its portfolio by acquiring four manufactured housing communities in Indiana and Ohio for $79 million. The notable acquisition includes a $45 million community in Seymour, Indiana, primarily funded through new debt. These strategic purchases are expected to immediately boost the REIT’s adjusted funds from operations (AFFO) and bolster operational efficiencies as the firm continues to capitalize on market trends in manufactured housing.
Charlotte, NC – Flagship Communities Real Estate Investment Trust (REIT), headquartered in Charlotte, has expanded its presence in key markets by acquiring four manufactured housing communities (MHCs) in Indiana and Ohio for a total of US$79 million. This strategic move aims to enhance the REIT’s portfolio and operational scale.
The acquisitions include:
- Seymour, Indiana: A manufactured housing community acquired for approximately US$45 million, funded primarily through new debt financing sources.
- Additional Communities: Three other MHCs in Indiana and Ohio, details of which were not specified in the announcement.
These acquisitions are expected to be immediately accretive to Flagship’s adjusted funds from operations (AFFO) on a per-unit basis, indicating a positive impact on the REIT’s financial performance. The integration of these communities is anticipated to enhance operational efficiencies and leverage economies of scale, contributing to the REIT’s growth strategy.
Flagship Communities REIT specializes in the ownership and management of manufactured housing communities across the United States. As of December 31, 2024, the REIT owned a 100% interest in a portfolio of 80 MHCs with 14,667 lots, as well as two recreational vehicle resort communities with 470 sites, located in eight contiguous states. The REIT continues to pursue strategic acquisitions to expand its footprint and deliver value to its unitholders.
The manufactured housing sector has experienced growth due to factors such as increasing household formations, limited new supply, and rising housing affordability challenges. Flagship’s expansion into these markets aligns with its strategy to capitalize on these industry trends and strengthen its position in the sector.
Frequently Asked Questions (FAQ)
What communities did Flagship Communities REIT acquire?
Flagship Communities REIT acquired four manufactured housing communities in Indiana and Ohio for a total of US$79 million. One of these communities is located in Seymour, Indiana, acquired for approximately US$45 million, funded primarily through new debt financing sources. Details of the other three communities were not specified in the announcement.
How will these acquisitions impact Flagship’s financial performance?
The acquisitions are expected to be immediately accretive to Flagship’s adjusted funds from operations (AFFO) on a per-unit basis, indicating a positive impact on the REIT’s financial performance. The integration of these communities is anticipated to enhance operational efficiencies and leverage economies of scale, contributing to the REIT’s growth strategy.
What is Flagship Communities REIT’s strategy for growth?
Flagship Communities REIT specializes in the ownership and management of manufactured housing communities across the United States. The REIT continues to pursue strategic acquisitions to expand its footprint and deliver value to its unitholders, capitalizing on industry trends such as increasing household formations, limited new supply, and rising housing affordability challenges.
Key Features of Flagship Communities REIT’s Recent Acquisition
| Feature | Details |
|---|---|
| Acquired Communities | Four manufactured housing communities in Indiana and Ohio |
| Total Acquisition Cost | US$79 million |
| Funding Source | Primarily new debt financing sources |
| Expected Impact | Accretive to adjusted funds from operations (AFFO) on a per-unit basis |
| Strategic Goal | Enhance operational efficiencies and leverage economies of scale |
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