A big Bay Area mobile home park with hundreds of spaces has been bought in a deal that tops $40 million.
SAN JOSE — A big mobile home park in south San Jose with hundreds of spaces has been bought by a family based in an upper-crust Bay Area community in a deal that tops $40 million.
Rancho Santa Teresa is a large mobile home park with 315 spaces in the Edenvale district of San Jose. Investors — and in some cases, real estate developers — have begun to hunger in recent years for mobile home parks in the South Bay and elsewhere in the Bay Area. — Plaza del Rey, an 800-unit mobile home community in Sunnyvale, was bought in 2019 for $237.4 million by Chicago-based Hometown America Communities.
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