Proprietary Capital to acquire American Financial Resources.

Proprietary Capital, an alternative investment manager, agreed to acquire American Financial Resources, a manufactured home lender. Financial terms were not disclosed. "With the Acquisition of AFR, we will build on our already strong mortgage platform. With the addition of AFR's robust operational platform, loyal customer base, long-term dedicated employees, and their breadth of products and services, we will catapult our growth for many years to come," Craig Cohen, Proprietary Capital Managing Member.