DUBLIN, Ohio (WCMH) — A Florida-based private equity firm has bought the Dublin mobile home community sitting at the center of a yearslong development dispute, with plans to bring rents closer to market rate over time.
Sunrise Capital Investors, a Clearwater, Florida-based firm specializing in mobile home park investments, acquired Ponderosa Mobile Home Estates, a 108-lot, 55-and-older community at the southwest corner of Avery and Rings roads, according to a news release.
The community was purchased for $2.88 million, according to public records obtained by NBC4. See a previous report from NBC4 in the video player above.
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Ponderosa sits inside the footprint of Avery Crossing, a more than 120-acre mixed-use development that Columbus-based real estate firm Casto has proposed building around the mobile home community…