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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
MARCH 14, 1997
(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 (I.R.S. Employer Identification No.)
of incorporation or organization)
TWO NORTH RIVERSIDE PLAZA, CHICAGO, ILLINOIS 60606
(Address of principal executive offices) (Zip Code)
(312) 474-1122
(Registrant's telephone number, including area code)
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ITEM 5. ACQUISITION OF ASSET
On March 14, 1997, Manufactured Home Communities, Inc. (the "Company") acquired
California Hawaiian Mobile Estates ("California Hawaiian"), a premier
manufacturing housing community, located in San Jose, California, for a
purchase price of approximately $23.3 million. The acquisition was funded with
a borrowing under the Company's line of credit with a bank. The Company
purchased California Hawaiian from California Hawaiian Associates, L.P., a
California Limited Partnership.
California Hawaiian consists of 412 developed sites situated around four lakes.
The Company believes that California Hawaiian is one of the leading
communities in one of the country's best housing markets and adds to the
Company's northern California presence.
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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/ Thomas P. Heneghan
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Thomas P. Heneghan
Executive Vice President, Treasurer and
Chief Financial Officer
BY: /s/ Judy A. Pultorak
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Judy A. Pultorak
Principal Accounting Officer
DATE: March 21, 1997
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