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Article Courtesy of AMI Sun
By Leslie Lake
Published January 31, 2025
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BRADENTON BEACH – In a Jan. 27 letter to the Pines Trailer Park Homeowners
Association (HOA), Pines Park Investors LLC offered to sell the mobile home park
to the residents for $75 million.
At that price, each of the 86 mobile homeowners would be responsible for
$872,093.02.
“This has got to be a joke,” said one Pines resident, who asked not to be named.
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On Aug. 5, 2023, Pines
Park Investors, LLC purchased the 2.78-acre waterfront
mobile home property from The Jackson Partnership LLLP for
$16.25 million. The manager of Pines Park Investors LLC is
Shawn Kaleta.
The park sustained damage from both Hurricanes Helene and
Milton but many homeowners hoped to rebuild their mobile
homes.
The LLC notified Pines mobile homeowners on Jan. 4 of their
plans to close the trailer park. As part of the process of
closing the park, and per Florida Statutes, the ownership is
required to make an offer to residents, according to the
letter to the HOA from attorney Shawn D. Arbeiter of the
Davie, Florida-based law firm Hunden, McClean and Arbeiter.
“Pursuant to Section 723.061(1)(d)1.a., Florida Statutes,
within 45 days after the execution of this agreement, the
Association may execute and deliver a Purchase and Sale
Agreement to Pines Trailer Park to purchase the mobile home
park at the price and under the terms and conditions set
forth in this Notice,” the letter reads in part. |
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Pines owners offer to sell to homeowners for $75
million
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That statute reads as follows:
“1. The park owner gives written notice to the homeowners’ association
formed and operating under ss. 723.075–723.079 of its right to purchase the
mobile home park, if the land comprising the mobile home park is changing
use from mobile home lot rentals to a different use, at the price and under
the terms and conditions set forth in the written notice.
a. The notice shall be delivered to the officers of the homeowners’
association by United States mail. Within 45 days after the date of mailing
of the notice, the homeowners’ association may execute and deliver a
contract to the park owner to purchase the mobile home park at the price and
under the terms and conditions set forth in the notice. If the contract
between the park owner and the homeowners’ association is not executed and
delivered to the park owner within the 45-day period, the park owner is
under no further obligation to the homeowners’ association except as
provided in sub-subparagraph b.
b. If the park owner elects to offer or sell the mobile home park at a price
lower than the price specified in her or his initial notice to the officers
of the homeowners’ association, the homeowners’ association has an
additional 10 days to meet the revised price, terms, and conditions of the
park owner by executing and delivering a revised contract to the park
owner.”
According to the letter from Arbeiter, the purchase price for the mobile
home park is $75 million. A deposit of $500,000 is required to be deposited
with escrow agent Najmy Thompson PL, 1401 Eighth Ave. in Bradenton within
three business days. One hundred thousand dollars of the deposit is
non-refundable. The letter calls for a 60-day closing.
The Sun reached out to Arbeiter by email for comment as to how the LLC
arrived at the proposed purchase price of $75 million, but did not receive
an immediate response.
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