Arizona company buys mobile home park for $363 million

As 2021 came to a close, an Arizona company with an established footprint in Florida paid an eye-popping $363.12 million for Jamaica Bay, a manufactured home community on Tamiami Trail in Fort Myers.

The transaction was one of the largest in the county’s history and reminiscent of the October sale of the Naples Beach Hotel & Golf Club for $362.3 million, also to an Arizona company. And it surpassed the 2018 sale of the Hyatt Regency Coconut Point Resort & Spa in Bonita Springs for $220 million, which, at the time, was called “the largest acquisition ever of a single Gulf Coast lodging property.”