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MHC Acquires Premier RV Resort

03/26/02

CHICAGO, March 26 /PRNewswire-FirstCall/ -- Manufactured Home Communities, Inc. (NYSE: MHC) today announced the acquisition of Mt. Hood Village, a 450- site RV resort located in Welches, Oregon, for approximately $6.8 million. The community also has land available for expansion of up to an additional 120 sites.

Mt. Hood Village, located approximately 40 miles from Portland, is the only full-service RV resort in the Mt. Hood recreational area. The community features a recreation center with indoor pool and fitness center and offers access to year-round skiing, mountain climbing, hiking, camping and fishing.

"We are pleased to add Mt. Hood Village to the MHC family," said Howard Walker, MHC's CEO. "We are excited at the opportunity to reposition this community to cater to year-round weekend residents as well as the RV visitors to the Mt. Hood recreational area, one of the most beautiful spots in the Pacific Northwest."

MHC now owns over 3,900 RV sites across the country.

Manufactured Home Communities, Inc. owns or has a controlling interest in 149 quality communities in 23 states consisting of 51,211 sites. MHC is a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. For more information on MHC please visit our website at www.mhchomes.com .

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http://tbutton.prnewswire.com/prn/11690X25730544
SOURCE Manufactured Home Communities, Inc.
Web site: http: //www.mhchomes.com
CONTACT: Marty McKenna of Manufactured Home Communities, Inc., +1-312-928-1901