Horizon Land Co., LLC (Horizon) today announced the off-market acquisition of Boone’s Estates, a five-star, 456- site manufactured home community in Anne Arundel County, MD in the Washington, DC/Baltimore, MD suburbs. The acquisition, completed through its first commingled discretionary fund, brings Horizon’s portfolio in Maryland to seven communities with 1,500 manufactured home sites. M&T Bank provided financing for the acquisition.
“Horizon is excited to grow its Maryland portfolio with a premier and irreplaceable asset and looks forward to providing residents with a great experience,” said Horizon Chief Investment Officer, Drew Odabashian. “With Boone’s being in close proximity to our Lyon’s Creek and Maryland Manor communities, we can now offer prospective residents a menu of lifestyle options to best suit their needs.”
About Horizon Land Co., LLC
Horizon Land Co., LLC is a leading owner-operator of manufactured housing communities in the Eastern United States. Formed in February 2006, Horizon Land Co. purchased its first community in January 2007. After several years of investing in a joint venture format with Federal Capital Partners©, in September 2015 Horizon entered a strategic relationship with FCP and formed a commingled discretionary fund focused on investing in manufactured housing communities throughout the United States. Horizon presently owns and manages 58 manufactured housing communities in 9 states in the Eastern U.S., comprising, in the aggregate, approximately 9,700 rentable sites. For additional information, please visit www.horizonlandco.com