Carefree Communities, the Nation's Fifth Largest Manufactured Home and RV Community Owner, Acquires Central Park MH and RV Communities in Florida

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Apr 30, 2015, 06:47 ET

SCOTTSDALE, Ariz., April 30, 2015 /PRNewswire/ -- Carefree Communities, Inc., owner and operator of over 100 manufactured home communities and RV resorts is further expanding its presence in the Florida market with the acquisition of Central Park, a Polk County manufactured home and RV community in Haines City, Florida. This acquisition is the 40th for Carefree Communities, Inc. in the last 24 months.

Central Park RV & MH Community - Haines City, Florida.

The Central Park communities were acquired by Carefree on April 23. "The two communities were the perfect addition to Carefree's rapidly growing portfolio of MH and RV communities," said Bennett Kim, Carefree's Head of Acquisitions. "Our growth goals are very aggressive right now, and we are always looking for communities that fit with Carefree's strategic plan. We are pleased to have both Central Park communities as part of the Carefree family."

The 36 acre Central Park communities are located 90 miles from Tampa and Orlando. Central Park RV has 368 sites, and the 55+ age restricted manufactured home community contains 110 home sites. Both properties feature clubhouses, heated swimming pools, and laundry and bath facilities. They also both offer a lively social activities calendar, which is a priority within Carefree's portfolio of manufactured home communities and RV communities.

"We anticipate a smooth transition because Central Park and Carefree are equally committed to operational excellence," said Colleen Edwards, President of Carefree Communities. "At Carefree, we truly pride and define ourselves on our vibrant lifestyle program. We make it a priority to give our guests and residents the tools necessary to live the life they've always dreamed, so we get very excited when we acquire new properties that share that same passion."

Terms of the acquisition were not disclosed.

About Carefree Communities, Inc.
Carefree Communities is a private REIT which owns and operates senior MH communities and destination RV resorts. As one of the fastest growing companies in the MH/RV sector, Carefree strives to create a "leisure resort lifestyle" with a strong sense of community for its residents delivered with a superior level of customer service. Carefree is among the largest owner, operator of RV and MH parks in the United States, with 102 communities and 28,000 sites in Florida, Texas, New Jersey, Massachusetts, North Carolina, California, Arizona, and Ontario, Canada. For more information find us at www.carefreecommunities.com.

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SOURCE Carefree Communities, Inc.