Flagship Communities Real Estate Investment Trust announced it has agreed to acquire a resort-style Manufactured Housing Community ("MHC") in the key market of Marblehead Ohio, where Flagship has an existing market presence for approximately USd 7.8 million. The Marblehead community is fully occupied, comprising 100 lots with each home including a boat slip as well as access to a community swimming pool. Marblehead is a residential MHC located on a channel leading to Lake Erie in northern Ohio.

The 20-acre community is steps away from the Great Egret Marsh Nature Preserve and East Harbor State Park, a short drive to Marblehead Lighthouse State Park and Lake Point State Park, a drive-through African Safari Wildlife Park, as well as numerous historical sites as well as restaurants, shopping, and wineries. It is also a short drive to the Cedar Point Amusement Park.