The latest filing shows a $585,000 loss in the first quarter, compared with a $3.7 million gain a year earlier. In the first six months, Chateau shows a $2.58 million gain, compared with an $8.0 million gain in the first half of 2002.
The company reports total assets of $1.58 billion in the first half of the year, compared with $1.51 billion in assets at the end of 2002. Chateau is a REIT formed in 1993. Its portfolio consists of 231 properties containing 74,396 home sites and 1,359 park model/RV sites in 35 sites. It also manages 377 home sites for fees.
Hometown will pay $29.25 in cash with interest for Chateau.
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