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MANUFACTURED HOME COMMUNITIES ACQUIRES 294-SITE GLENDALE, ARIZ., COMMUNITY

 CHICAGO, March 26 /PRNewswire/ -- Manufactured Home Communities, Inc., (NYSE: MHC) announced it has acquired a 294-site manufactured housing community in Glendale, Ariz.
 The community, known as Palm Shadows, was purchased from Roles Inn of America L.P., for $5.6 million. MHC helped to facilitate a tax- deferred exchange for the seller in connection with the acquisition. Funds were provided from MHC's working capital.
 Palm Shadows is located on 33 acres in a residential district of the Phoenix suburb, and features a clubhouse, swimming pool and other resident amenities consistent with MHC's other communities.
 With this acquisition, MHC now owns four communities in the Phoenix area, with a total of 1,328 sites. Nationwide, MHC's portfolio consists of 42 communities in 16 states, comprising 12,606 sites.
 Manufactured Home Communities, Inc., headquartered in Chicago, is a self-administered, self-managed real estate investment trust (REIT).
 -0- 3/26/93
 /CONTACT: Kirk Brewer for MHC, 312-258-4359/
 (MHC)


CO: Manufactured Home Communities, Inc. ST: Illinois, Arizona IN: CST SU: TNM

PS -- NY021 -- 0366 03/29/93 09:12 EST
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Publication:PR Newswire
Date:Mar 29, 1993
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