1 ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 MARCH 14, 1997 (Date of Report) MANUFACTURED HOME COMMUNITIES, INC. (Exact name of registrant as specified in its Charter) 1-11718 (Commission File No.) MARYLAND 36-3857664 (State or other jurisdiction (I.R.S. Employer Identification No.) of incorporation or organization) TWO NORTH RIVERSIDE PLAZA, CHICAGO, ILLINOIS 60606 (Address of principal executive offices) (Zip Code) (312) 474-1122 (Registrant's telephone number, including area code) ================================================================================ 2 ITEM 5. ACQUISITION OF ASSET On March 14, 1997, Manufactured Home Communities, Inc. (the "Company") acquired California Hawaiian Mobile Estates ("California Hawaiian"), a premier manufacturing housing community, located in San Jose, California, for a purchase price of approximately $23.3 million. The acquisition was funded with a borrowing under the Company's line of credit with a bank. The Company purchased California Hawaiian from California Hawaiian Associates, L.P., a California Limited Partnership. California Hawaiian consists of 412 developed sites situated around four lakes. The Company believes that California Hawaiian is one of the leading communities in one of the country's best housing markets and adds to the Company's northern California presence. 3 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized. MANUFACTURED HOME COMMUNITIES, INC. BY: /s/ Thomas P. Heneghan --------------------------------------- Thomas P. Heneghan Executive Vice President, Treasurer and Chief Financial Officer BY: /s/ Judy A. Pultorak --------------------------------------- Judy A. Pultorak Principal Accounting Officer DATE: March 21, 1997 --------------