Manufactured Housing Properties Returns Capital to Preferred Investors After $40M Redemption

Manufactured Housing Properties Inc. (OTC: MHPC) redeemed more than $40 million in Series B, C, and D preferred stock. The redemption follows the company’s portfolio-wide refinance with Morgan Stanley, which closed on April 30, 2026. Final distributions, including all accrued dividends through the redemption date, were paid to preferred shareholders on May 6.

“Fulfilling our obligation to Series B, Series C, and Series D investors was a foundational commitment, and we are pleased to have executed on that in full,” said Ray Gee, chairman and chief executive officer of MHP.

Proceeds from the refinance were primarily used to redeem the Series B, C, and D preferred stock and retire outstanding notes payable and lines of credit, as well as fund a $15 million reserve for capital expenditures and operational and liquidity needs.

“Investor contributions were essential to assembling the portfolio MHP operates today,” Gee said. “This refinance meaningfully simplifies our capital structure, strengthens our balance sheet, and helps to establish the financial foundation to support MHP’s growth.”

MHP, together with its affiliates, acquires, owns, and operates manufactured housing communities in North Carolina, South Carolina, Georgia, Tennessee, and Texas. The company said it focuses on acquiring and operating manufactured housing communities and is seeking to expand its portfolio, primarily in the Sunbelt.

The company currently owns and operates 57 communities comprising more than 3,000 home sites.

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