gulf shores: American Land Lease Buys Gulf Shores Area Community For $5 Mln - Quick Facts

Friday, May 26, 2006; Posted: 04:16 PM


(RTTNews) - American Land Lease, Inc. (ANL | charts | news | PowerRating) said Friday that it has purchased The Grove, an age-restricted manufactured home community, for about $5 million.

The Grove, a 425 home site community in Foley, Alabama provides residents with a lifestyle near boating, fishing, and Gulf Shores activity areas and easy access to the Gulf of Mexico beaches, less than 10 miles away.

The gated community contains 91 occupied home sites, an additional 74 home sites that are fully developed, and additional 260 home sites to be developed.


Copyright(c) 2006 RealTimeTraders.com, Inc. All Rights Reserved