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Denver-based manufactured-home REIT sees continued executive turnover.
Byline: Christine Tatum
Nov. 2--Turmoil at Affordable Residential Communities, the nation's largest owner of manufactured-home developments, continued Monday with the sudden and immediate resignation of the company's president and chief operating officer.
The Denver-based company, a real estate investment trust, or REIT, that owns and manages about 70,000 home sites in 31 states, is trying to bounce back from a series of missteps since its initial public offering in February.
Analysts say the company's troubles are not isolated. After a couple of years of healthy returns compared with the rest of the stock market, REITs may be due for a ...
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Source: HighBeam Research, Denver-based manufactured-home REIT sees continued executive turnover.