Carlyle Group spends $45m on Boynton Beach mobile home park

14 April 2017

A 437 unit mobile home community in Boynton Beach has been purchased by the Carlyle Group in a $45.52 million deal. The property, Royal Manor Estates, is a manufactured home community that rests on 85 acres at 4290 Royal Manor Boulevard. Longtime owner Beverlee Miller Raymond of Royal Manor Mobile Home Estates Inc. received just under $104,165 per lot. The site, about four miles west of the beach, stretches across Gateway Boulevard, and includes a lake and clubhouse built in 1973. The Washington, D.C.-based private equity giant is active in South Florida, currently co-developing an apartment tower for seniors called Overture Dadeland in Miami, and expanding/renovating the Lauderdale Marine Center, a 50-acre property in downtown Fort Lauderdale.

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