Marcus & Millichap Inc.
06/16/2026 | Press release | Distributed by Public on 06/16/2026 17:09
Marcus & Millichap Arranges Sale of Farm View Courts Manufactured Housing Community in Humboldt, Tennessee
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Marcus & Millichap Arranges Sale of Farm View Courts Manufactured Housing Community in Humboldt, Tennessee
June 16, 2026
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HUMBOLDT, Tenn. June 16, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Farm View Courts MHP, a 947,000-square-foot manufactured housing community in Humboldt, Tennessee.
"Buyer demand for manufactured housing communities remains strong throughout Tennessee, particularly for well-located assets with opportunities for future expansion," said Jacob Adami, associate investments. "This transaction generated multiple offers and reflects continued investor interest in communities that offer both stable operations and long-term growth potential."
Adami and Matt Wagner, investment specialists in Marcus & Millichap's Houston office, in association with Jody McKibben, Marcus & Millichap's Tennessee broker of record, exclusively marketed the property on behalf of the seller, a longtime owner-operator, and procured the buyer, a West Tennessee-based LLC.
Farm View Courts MHP is located at 3509 Old Gibson Rd. Built in 1968, the community contains 47 sites across approximately 21.75 acres and had been family-owned and operated for more than 50 years prior to the sale, marking a significant generational transition. The property was approximately 94% occupied at the time of sale and includes additional land for future expansion. The transaction included seller financing, and the buyer plans to expand the community over time while continuing to stabilize and improve the asset.
"Buyer demand for manufactured housing communities remains strong throughout Tennessee, particularly for well-located assets with opportunities for future expansion," said Jacob Adami, associate investments. "This transaction generated multiple offers and reflects continued investor interest in communities that offer both stable operations and long-term growth potential."
Adami and Matt Wagner, investment specialists in Marcus & Millichap's Houston office, in association with Jody McKibben, Marcus & Millichap's Tennessee broker of record, exclusively marketed the property on behalf of the seller, a longtime owner-operator, and procured the buyer, a West Tennessee-based LLC.
Farm View Courts MHP is located at 3509 Old Gibson Rd. Built in 1968, the community contains 47 sites across approximately 21.75 acres and had been family-owned and operated for more than 50 years prior to the sale, marking a significant generational transition. The property was approximately 94% occupied at the time of sale and includes additional land for future expansion. The transaction included seller financing, and the buyer plans to expand the community over time while continuing to stabilize and improve the asset.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit https://www.MarcusMillichap.com.
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