Manufactured Housing Properties Inc. Redeems More Than $40 Million in Preferred Stock, Returning Full Capital to Investors

CHARLOTTE, N.C.--(BUSINESS WIRE)--Manufactured Housing Properties Inc. (“MHP”), a leading owner and operator of manufactured housing communities, today announced the redemption of more than $40 million in Series B, Series C, and Series 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, 2026.

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

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

About Manufactured Housing Properties Inc.

Manufactured Housing Properties Inc. (“MHP”), together with its affiliates, acquires, owns, and operates manufactured housing communities in North Carolina, South Carolina, Georgia, Tennessee, and Texas. The company focuses on acquiring and operating manufactured housing communities in high-growth markets and continues to seek opportunities to expand its portfolio, primarily in the Sun Belt. MHP currently owns and operates 57 communities comprising more than 3,000 home sites.