Riverside Communities Acquires Rainbow Lake Manor
Highly Sought-After Senior Community

CHICAGO, Aug. 23 /PRNewswire/ -- Riverside Communities today announced the closing of its latest acquisition, Rainbow Lake Manor, located in Bristol, Wisconsin.

Rainbow Lake Manor is a 306 homesite, high-quality, family-oriented community situated on 99 rolling acres. The community consists of 236 existing home sites that are 100% occupied and an additional 70 homesites approved for expansion. With a country setting and easy access to Kenosha as well as both the Milwaukee and Chicago metropolitan areas, the community provides numerous options to homeowners for both work and play.

"The acquisition of Rainbow Lake Manor is an important acquisition for the Company as it represents our entrance into the southeast Wisconsin market," said David Helfand, Riverside's President. He added, "The property is the most significant senior restricted community in the area."

Based in Chicago, Riverside Communities acquires and manages high quality manufactured home communities throughout the United States. Combined, the management team has more than 35 years of experience in the MHC industry, having acquired and managed over 50 communities.

Riverside Communities is actively seeking additional communities to acquire. For more information, please call Patrick Waite at (312) 242-1510.

SOURCE: Riverside Communities
CONTACT: Patrick Waite of Riverside Communities, (312) 242-1510.