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Property Firm Explores $500 Million Trailer-Park Portfolio Sale

Carlyle Group Inc., a West Hollywood, California-based company with the same name as the alternative-asset manager, is exploring the sale of a portfolio of U.S. mobile-home parks, according to people with knowledge of the matter.

The company, founded in 1975 by Ronald H. Singer, has begun fielding interest from potential suitors, including property-focused private equity firms and real estate investment trusts, said the people, asking not to be identified because the talks are private. The portfolio includes more than 30 properties, primarily located on the U.S. East Coast, and could fetch $500 million, the people said.