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October 27, 2021
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SAN DIEGO NEWS
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Hometown America Buys 410 Manufactured Home Sites in California

8/30/21

Chicago-based Hometown America acquired two California manufactured home communities totaling 410 home sites. The properties, Diamond K Estates in Roseville and Carman Ranch MHC in San Diego, were sold by a SoCal-based family investment entity.

Diamond K Estates, Roseville
Diamond K Estates, Roseville
Located in the Sacramento suburb of Roseville at 16 Richards Dr, Diamond K Estates is a 55+ community featuring 321 multi-section or larger homes. The community sits on 63.7 acres and offers residents a recreation center with assembly room; service kitchen; billiards and game room; planned community events; large pool area; shuffleboard; tennis courts; horseshoe pits; scenic pond with water feature; and a historic ranch building within walking distance from the Sierra View Country Club.

Built in phases in 1967 and 1984, Carman Ranch is located at 2515 Sweetwater Rd, 11 miles east of downtown San Diego in Spring Valley. The 10.82-acre property features 89 homes sites with predominantly double wide homes. The community offers residents a gated pool with patio; playground; basketball, tennis and handball courts; clubhouse with management office; billiards; kitchen; laundry room and community storage; and RV and other vehicle storage.

JLL’s Chris Collins, Zach Koucos and Bradley Vansant represented the seller in the deal.

“Diamond K Estates and Carman Ranch MHC represented an exceptional opportunity to acquire two institutional-quality manufactured housing communities in highly desirable Northern and Southern California locations,” commented Collins. “These assets were highly contested due to the lack of inventory in the market. Manufactured housing has continued to gain investor attention as an alternative asset, and we don’t see this momentum slowing down.”




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