Saturday, September 26, 2026

News about Sun Communities and Other Concerns

 Residents and consumer watchdogs frequently file complaints against Sun Communities regarding steep fee hikes, aggressive management tactics, and poor maintenance across its manufactured home parks and RV resorts.

You can view official corporate data and file a formal grievance through the Better Business Bureau Sun Communities Profile.
Common Complaints
  • Unexplained Fee Hikes: Residents frequently report sudden, sharp increases in annual lot rent, taxes, and utility or maintenance fees that do not reflect actual cost changes.
  • Eviction and Sales Disputes: Homeowners allege that management imposes unreasonable, costly repair lists before approving home sales, or uses aggressive tactics and short-notice rule enforcement to threaten evictions. 
  • Unapproved Rule Changes: Communities have faced pushback—and state inquiries—for enforcing new prospectus amendments or fees without providing legally mandated advance notice.
  • Poor Communication: Residents note that corporate headquarters typically deflects grievances back to local community general managers, where issues often go unresolved.
  • Legal Actions and Investigations
    • Price-Fixing Lawsuits: The company has been tied to multi-state class-action litigation targeting manufactured housing operators over alleged lot rental price-fixing aided by specialized software. 
    • State Regulatory Inquiries: In states like Florida, agencies such as the Division of Condominiums, Timeshares, and Mobile Homes (under the DBPR) have actively gathered firsthand resident accounts regarding alleged retaliation and improper rule enforcement. 


More Housing Concerns Across America

* https://youtu.be/Pl4oLkz3Sq4  (tenant reveals violations)

* https://youtu.be/JBdvDywVowQ  (housing authorities prepare to terminate vouchers)

* https://www.bbb.org/us/mi/southfield/profile/real-estate/sun-communities-inc-0372-6029003/complaints  Better Business Bureau (complaints about Sun Communities)



Sunday, August 23, 2026

RHEA as New Owner of Spring Gate Apts.???

Residents ought to know who their landlords are.  They've been told by management that Spring Gate Apartments, formerly named Rockland Place, has a new owner named RHEA.   However, documents continue to list First Hartford Corporation with owner, Neil H. Ellis and Connolly & Partners LLC, William Connolly, as affiliated owners.  FHRC, another affiliate of First Hartford Corp., is listed as management company.

  Principles of Consolidation: The accompanying consolidated financial statements include the accounts of the Company, its wholly-owned subsidiaries, and all other entities in which the Company has a controlling financial interest. The latter includes those in which the Company has been determined to be the primary beneficiary of a variable interest entity or otherwise meets certain criteria as a sole general partner or managing member in accordance with the consolidation guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC). As such, included in the consolidated financial statements as of April 30, 2026 and 2025 are the accounts of Rockland Schoolhouse Apartments, LP (“Rockland Schoolhouse”) and TVM Owner, LLC (“The Village at Manville”). Also, included in the financial statements as of April 30, 2026 are the accounts of OT Owner, LLC (“Oak Tree Village I”) and LL Owner, LLC (“Lincoln Lofts”). Rockland Place Apartments Limited Partnership (“Rockland”) and Clarendon Hill Somerville Limited Partnership (“Clarendon”) had been consolidated as variable interest entities as of April 30, 2023. On May 19, 2023, the Company bought out the 99.99% limited partnership interests in both Rockland and Clarendon for $930,140 and $2,200,735, respectively. After these transactions, the Company owned 100% and 99.99%, respectively, of Rockland and Clarendon. There was no income statement impact as a result of these two equity transactions. On October 9, 2024, the Company sold its property in Rockland for $15,505,000 plus the assumption of its remaining debt on the property. This transaction resulted in a gain of $10,612,791.   

You can find additional 2026 information at the following link:  https://www.otcmarkets.com/file/company/financial-report/583190/content

Here is some of the information we found on the name Rhea.

Corporate Governance at State Street

John Rhea serves on the Board of Directors for State Street Corporation, a massive, historic financial institution based in Boston.
Beyond his board role in Boston financial circles, Rhea is an expert in the exact asset class that Boston Financial manages: Low-Income Housing Tax Credits (LIHTC).
*Note: To date it looks like Boston Financial monitors compliance of Spring Gate or Rockland Place Apts. (or whatever they're calling it nowadays.)

Low Income Housing Tax Credit Funds

 Boston Capital

  • Founded: 1974 by Jack Manning and Herb Collins. 
  • Focus: Historically a major player in multifamily apartment properties and LIHTC equity investments, having invested in thousands of properties nationwide.
  • Current Operations: Operates significantly through Boston Capital Finance (BCF), which provides construction-to-permanent tax-exempt bond financing and conventional loans for affordable housing properties. 
Boston Financial
  • Founded: 1969 (making it one of the country's longest-standing syndicators focused exclusively on affordable housing).
  • Ownership: Acquired by ORIX USA in 2016 and operates as a wholly owned subsidiary of ORIX Corporation.
  • Major Milestone: In late 2020, Boston Financial acquired Boston Capital's sizeable LIHTC fund portfolio, which nearly doubled Boston Financial's equity under management to $15 billion at the time.
  • Boston Financial acquired Boston Capital's large low-income housing tax credit fund portfolio in December 2020. This major deal doubled Boston Financial's equity under management to $15 billion, while Boston Capital shifted its core focus toward debt financing through Boston Capital Finance. 
    Key Differences and Status
    • Boston Financial: Operates as a major national investment manager and subsidiary of ORIX USA that specializes in raising equity and managing portfolios under the Low-Income Housing Tax Credit (LIHTC) program.
    • Boston Capital: Transitioned away from its traditional LIHTC fund sector after selling that portfolio, now operating primarily as a boutique affordable housing lender via Boston Capital Finance.