Two informational meetings will be held this week for the families who must move out of the Penn State Mobile Home Park by next summer.

The meetings will be held at 3 p.m. Monday and 7 p.m. Wednesday at the Park Forest Village United Methodist Church, 1833 Park Forest Ave., State College.

Heidi Nicholas, a partner in the real estate developer Nicholas Enterprises, confirmed last week purchased she had the mobile home park, located across from Woodycrest on North Atherton Street.

Residents have until July 2013 to find alternate living arrangements.

According to the Centre County Recorder of Deeds Office, sale of the property took place on July 30. The purchasing entity was listed as 1752 North Atherton Street Associates, which shares an address on Hamilton Avenue with Nicholas Enterprises.

The purchase price was listed as $10, which means the parties chose not to disclose the actual transaction amount, according to a deeds office official, which is permitted.

Nicholas has said her long-range plans for the site are “not yet defined” but that she plans to redevelop the property.

The site is zoned for general commercial development on North Atherton Street, with the remainder zoned for medium-density residential development.

Jessica VanderKolk can be reached at 235-3910. Follow her on Twitter @jVanReporter