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California investor pays $13M for mobile home portfolio, including park in Central Pa.

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A West Coast real estate investment and asset management company has paid $13 million for a mobile home park portfolio that includes communities in Central and Northeast Pennsylvania.

Happy Home Communities, the mobile home and RV park investment arm of Los Angeles-based Gelt Inc., recently purchased three properties with 439 home sites from Horizon Land Coy.

The three properties are in Luzerne, Lycoming and Snyder counties. The closest to Harrisburg is in Selinsgrove. It is the 77-space Wedgewood Mobile Homes Community along U.S. Route 15, near the Susquehanna Valley Mall.

The other two communities are near the Wyoming Valley Mall in Exeter and the Lycoming Mall near Williamsport.

Officials with Happy Homes, which launched in May, said they saw a stable portfolio with the potential to add affordable homes on 48 empty lots. Over the next three years, the company is planning to upgrade common areas and add other amenities to the communities, including new playgrounds.

Parent company Gelt owns more than 7,000 apartments and mobile home sites valued at more than $1 billion. 

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Jason Scott

Jason Scott

Jason Scott covers state government, real estate and construction, media and marketing, and Dauphin County. Have a tip or question for him? Email him at Follow him on Twitter, @JScottJournal. Circle Jason Scott on .

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MarcioWilges December 2, 2017 12:56 am

Mobile homes should be treated like any other regular homes with rights and privileges given to the owners. There is always demand for mobile homes and a real estate company ought to take up the business to take charge and take care of the population there. Regulations can be imposed and owners or renters who wish to continue staying there should adhere strictly to the regulations. There should not be any renting out of mobile homes in any way that goes against the rules like using it as mobile storage space and so on.