A group of out-of-state investors has purchased a second manufactured housing community site in Pierce County in as many months.
In a sale recorded Oct. 15 with Pierce County, an LLC affiliated with Dallas-based Invesco Real Estate, its subsidiary Homestead Communities and an EB-5 investment group acquired the site of Canyon Terrace at 9314 Canyon Road E., a manufactured home site in the Summit area that dates back to the 1970s.
The seller was an investment group including California entity Yorba Oil Co. Ltd., as majority owner, Hammond Construction and JABKO Firs, Inc…