Attached files

file filename
EX-99.2 - UNAUDITED PRO FORMA COMBINED FINANCIAL STATEMENTS - MANUFACTURED HOUSING PROPERTIES INC.ea122561ex99-2_manufactured.htm
EX-99.1 - STATEMENT OF REVENUES AND CERTAIN EXPENSES - MANUFACTURED HOUSING PROPERTIES INC.ea122561ex99-1_manufactured.htm

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K/A

(Amendment No. 1)

 

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): June 2, 2020 (March 12, 2020)

 

Manufactured Housing Properties Inc.
(Exact name of registrant as specified in its charter)

 

Nevada    000-51229   51-0482104
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)

 

136 Main Street, Pineville, North Carolina   28134
(Address of principal executive offices)   (Zip Code)

 

(980) 273-1702
(Registrant’s telephone number, including area code)

 

 
(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

 

Emerging Growth Company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

Securities registered pursuant to Section 12(b) of the Act: None

 

 

 

 

 

EXPLANATORY NOTE

 

As previously disclosed MHP Pursuits LLC, a wholly-owned subsidiary of Manufactured Housing Properties Inc., a Nevada corporation (the “Company”), entered into a purchase and sale agreement (the “Purchase Agreement”) with J & A Real Estate, LLC (“J&A”) on January 7, 2020 for the purchase of a manufactured housing community known as Countryside Estates Mobile Home Park (the “Property”), which is located in Lancaster, South Carolina and totals 110 sites, for a total purchase price of $3.7 million. As previously reported, closing of the Purchase Agreement was completed on March 12, 2020 and the Company’s newly formed wholly owned subsidiary Countryside MHP LLC purchased the Property.

 

This Current Report on Form 8-K/A amends the original Form 8-K that the Company filed on March 27, 2020 to include J&A’s statement of revenues and certain expenses for the year ended December 31, 2019 and the unaudited pro forma combined financial information related to the acquisition required by Items 9.01(a) and 9.01(b) of Form 8-K.

 

Item 9.01Financial Statements and Exhibits.

 

(a) Financial Statements of Business Acquired

 

The statement of revenues and certain expenses for J&A for the year ended December 31, 2019 and the accompanying notes thereto is filed as Exhibit 99.1 attached hereto and is incorporated by reference herein.

 

(b) Pro forma financial information

 

The unaudited pro forma combined financial statements giving effect to the acquisition is filed as Exhibit 99.2 attached hereto and is incorporated herein by reference.

 

(d) Exhibits

 

Exhibit No.   Description of Exhibit
10.1   Purchase and Sale Agreement, dated January 7, 2020, between MHP Pursuits LLC and J & A Real Estate, LLC (incorporated by reference to Exhibit 10.2 to the Current Report on Form 8-K filed on January 13, 2020)
10.2   Promissory Note issued by Countryside MHP LLC to J & A Real Estate, LLC on March 12, 2020 (incorporated by reference to Exhibit 10.2 to the Current Report on Form 8-K filed on March 27, 2020)
10.3   Mortgage, Assignment of Rents and Leases, Security Agreement and Fixture Filing, dated March 12, 2020, between Countryside MHP LLC and J & A Real Estate, LLC (incorporated by reference to Exhibit 10.3 to the Current Report on Form 8-K filed on March 27, 2020)
99.1   Statement of Revenues and Certain Expenses
99.2   Unaudited Pro Forma Combined Financial Statements

 

1

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this current report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: June 2, 2020 MANUFACTURED HOUSING PROPERTIES INC.
     
  By: /s/ Raymond M. Gee
    Raymond M. Gee
    Chief Executive Officer

 

 

2