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2/26/16
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Hometown America has acquired Spanish Ranch II, a 187-home site, 100-percent occupied, manufactured home community for seniors (age 55+) in the San Francisco Bay Area community of Hayward.
The purchased was funded with $11.5 mil in acquisition financing arranged by Zach Koucos of HFF and funded through Aegon USA Realty Advisors LLC, a commercial real estate investment and management arm of Aegon Asset Management. The interest-only loan has a 10-year, fixed-rate term.
Spanish Ranch II is situated on 22 acres at 121 Ranchero Way, approximately three miles from I-880 and five miles from the San Mateo Bridge, which provides direct access to all major cities in the Bay Area. The community is 18 miles south of downtown Oakland and 26 miles southeast of downtown San Francisco. Spanish Ranch II features a resort-style clubhouse, dining room, library, pool, Jacuzzi, guest parking and all double-wide or larger home sites.
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