Oak Point, one of Middleboro’s over-55 residential complexes, was sold this week to an Illinois company for $55 million, the largest real-estate sale in Middleboro history. Hometown America, a privately held company based in Illinois, purchased the 1,000-acre, 870-unit Oak Point complex. Hometown owns and operates more than 100 manufactured housing communities across the country.

Company Vice President William Glascott said that Oak Point is the fifth community Hometown owns in Massachusetts. The others are Leisurewoods in Taunton; Leisurewoods in Rockland; Oakhill in Attleboro; Miller’s Woods and River Bend, both in Athol.

Asked about the new ownership’s role at Oak Point, Glascott said, “Certainly there are changes with any management transition. Our goal is to limit disruption, maintain level services and possibly improve.” Glascott said the company will build out to 1,165 units but has no plans for additional expansion. He said he plans to meet with local officials and introduce his company.

Source: Enterprise News, November 3, 2011