Manufactured Homes Communities, Inc. - MHC- Profile

Manufactured Homes Communities, Inc.(MHC). The Group's principal activity is that of a Real Estate Investment Trust. The Group has been approved as a Real Estate Investment Trust under sections 856 through 860 of the Internal Revenue Code of 1986. The Group owns and operates manufactured home communities and recreational vehicle resorts. As of 31-Dec-2002, the Group had ownership interest in a portfolio of 142 Communities and Resorts located throughout the United States containing 51,582 residential sites. The properties are located in Florida, California, Arizona, Michigan, Colorado, Delaware, Nevada, Indiana, Oregon, Illinois, Iowa, New York, Utah, Pennsylvania, Maryland, Minnesota, Montana, New Mexico, Ohio, Oklahoma, Texas, Virginia, West Virginia and Washington. On 01-Jan-2002, the Group acquired all of the common stock of Realty Systems, Inc.