Mobile home parks sell for nearly $28 million

PALMETTO — Kingsley Management Corp., a Provo, Utah-based firm managed by C. Nate Nelson, has acquired a pair of Manatee County mobile home parks for $27.8 million.

Kingsley acquired the adjacent Palm Bay and Colonial Mobile Manor communities, at 751 10th St. E., U.S. 301 N. and 900 Ninth Ave. East, respectively, in Palmetto.

Palm Bay, which contains 244 manufactured home sites, was sold for $13.1 million, while Colonial Mobile's 235 sites traded for $14.7 million.