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Transactions - JUNE 8, 2020

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Carlyle Group acquires mobile home parks for $230m

by Andrea Zander

The Carlyle Group has acquired four mobile home parks in Mesa, Ariz., for $230 million, according to media outlets.

The seller of the portfolio was Arizona Communities.

The portfolio sale consists of a total of 1,583 mobile home stalls on 187 acres.

The properties are Citrus Gardens at 4065 E. University Dr. for $80 million; El Mirage at 305 S. Val Vista Dr. for $60 million; Mesa Shadows at 317 S. Higley Road for $46 million; and Aspenwood at 245 S. 56th St. for $44 million.

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