GRS | Corteq Provides Services on Manufactured Housing Portfolio in 17 States
GRS | Corteq provided environmental and property condition assessments for recapitalization of 178 manufactured home communities for its client, Yes! Communities. Financed by Fannie Mae and Freddie Mac, through its Seller-Servicers KeyBank and Wells Fargo, the $1 Billion+ transaction provides housing for over 40,000 families in 17 states.
YES! Communities was established in 2007 by a team of industry veterans that had a vision to operate manufactured home communities that were customer-driven, innovative and where the resident was truly hearing YES! to building a community all their own. YES! Communities has 178 distinct neighborhoods in 17 states across the U.S. Major concentrations are in Florida, Georgia, Iowa, North Carolina, Oklahoma, South Carolina, Tennessee and Texas.
GRS | Corteq Directors Julie Sorensen and Tony Mueller spearheaded the assessment services package. Because of GRS Group’s Manufactured Housing experience with both of the agencies, we were able to efficiently provide the services needed to effectuate a smooth transaction.