Co-op at The Woods has offer accepted to buy their senior mobile home park

LITTLE RIVER, 5/30/2021 — A residents cooperative formed recently by the tenants of The Woods manufactured home parks, had their offer accepted by the current owner, Sequoia Living of San Francisco, just before 5 .p.m on May 21, said James Kachik, president of the interim board of The Woods Cooperative Association. The amount of the offer has not been disclosed but the property is now in escrow.

The Association’s offer was picked over six competing offers from other buyers. If all goes according to plan, residents could become owners and managers of their own senior living park in fall of 2021. They already own their own permanent modular homes, but the park and its facilities belong to Sequoia Living, a non-profit.