Phoenix firm buys Sarasota manufactured home communities for $165 million

Cove Communities' acquisition adds a pair of manufactured home properties to growing Florida portfolio

  • By Kevin McQuaid
  • | 6:00 a.m. October 19, 2018
  • | 0 Free Articles Remaining!
COURTESY PHOTO — Camelot East Village in Sarasota County is one of two manufactured home developments that Cove Communities purchased last month.
COURTESY PHOTO — Camelot East Village in Sarasota County is one of two manufactured home developments that Cove Communities purchased last month.
  • Commercial Real Estate
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SARASOTA — Cove Communities of Phoenix has acquired a pair of Sarasota County manufactured home communities for a combined $165 million, property records show.

The communities, Camelot Lakes Village and Camelot East Village, were purchased last month from entities controlled by the Ben & Catherine Ivy Foundation, of Scottsdale, Ariz.

 

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