(Reuters) - Affordable Residential said last week it was in talks to sell nearly all of its assets to Farallon. The home parks company said it would retain ownership of the recently acquired NLASCO insurance operations, and it would seek to make acquisitions with the proceeds from manufactured home deal.
The deal marks the latest real estate transaction for Farallon. The company has a stake in Accredited Home Lenders Holding Co., and recently joined with Simon Property Group to buy mall owner Mills Corp.
Read more at Reuters.com Mergers News
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