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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
JANUARY 27, 2004
(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 of incorporation or organization) (I.R.S. Employer Identification No.)
TWO NORTH RIVERSIDE PLAZA, CHICAGO, ILLINOIS 60606
(Address of principal executive offices) (Zip Code)
(312) 279-1400
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE
On January 27, 2004, Manufactured Home Communities, Inc. (NYSE: MHC)
announced that it entered into an agreement with Monte Vista, LLC regarding a
potential contribution of the Village of Monte Vista to MHC Operating Limited
Partnership in return for partnership interests ("OP Units"). The agreement
remains subject to due diligence and financial terms are subject to
confidentiality.
The Village of Monte Vista is a premier 832 site resort in Mesa,
Arizona focused on creating a leisure lifestyle targeted toward empty nesters.
The property has an extensive amenity package as well as over 50 acres available
for expansion.
"We are most pleased to welcome the insights and perspectives of Craig
Bollman, owner of Monte Vista, LLC, to the MHC family. We are really welcoming
him back to the MHC family, since he was in 1970 the co-founder of what is now
Manufactured Home Communities, Inc.," commented MHC's Chief Executive Officer,
Thomas P. Heneghan.
Mr. Bollman said, "For many years, I have been working to elevate the
expectations of the public and the investment community toward this enormously
promising industry. The concept of a "village resort" has yet to be fully
realized. But ultimately, it will blend attractive and spacious lifestyle homes
with the harmony of a vibrant small town and all the amenities and activities an
active adult would expect for a vacation/retirement lifestyle."
"I am delighted to have this opportunity to partner with MHC as the
recognized leader in our industry, and to bring our mutual visions to life."
The forward-looking statements contained in this news release are
subject to certain risks and uncertainties including, but not limited to, the
Company's ability to maintain rental rates and occupancy with respect to
properties currently owned or pending acquisitions; the Company's assumptions
about rental and home sales markets; the completion of pending acquisitions and
timing with respect thereto; the effect of interest rates as well as other risks
indicated from time to time in the Company's filings with the Securities and
Exchange Commission. The Company assumes no obligation to update or supplement
forward-looking statements that become untrue because of subsequent events.
Manufactured Home Communities, Inc. owns or has an interest in 144
quality communities in 21 states consisting of 52,754 sites. MHC is a
self-administered, self-managed, real estate investment trust (REIT) with
headquarters in Chicago.
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/ Michael Berman
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Michael Berman
Vice President, Treasurer and
Chief Financial Officer
DATE: January 27, 2004