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Manufactured Housing Communities and RV Parks

BBG offers specialized valuation and assessment services for the manufactured housing communities, recreational vehicle parks and campgrounds.

This national specialty practice group was formed to provide the highest quality valuations and assessments required for markets that have demonstrated considerable growth.

In recent years, there has been a boom in manufactured housing purchases primarily due to their affordability compared with single-family, site-built homes. According to an industry report, the manufactured home industry built nearly 95,000 new homes in 2019, which represented about 10 percent of new single-family home starts.

There also has been a steady increase in demand for RVs, driven by both retiring baby-boomers and the millennial generation, who make up 40 percent of RV owners.

The need for valuation and assessment services in the MHC, RV park and campground space has grown considerably within the past few years. BBG’s commitment to a client-focused approach, as well as its leadership in appraisal-related technology will help meet client needs in these niche asset classes.

Lending Sources

In bad times as well as good, the MHC sector also benefits from relatively large lending volumes from a variety of sources:

  • Local, Regional and National Banks
  • Fannie Mae
  • Freddie Mac
  • CMBS
  • Life Insurance Companies

 

Contact

Ronald K. Owens Jr., MAI, MRICS, ASA

Ronald K. Owens Jr., MAI, MRICS, ASA

Managing Director 

Bundled Services

One-stop shop for valuation + assessment services.

Our Services

Valuation and Assessment Services

  1. Market study
  2. Feasibility
  3. Zoning reports
  4. Environmental studies
  5. Title
  6. Surveys
  7. Property condition reports
  8. Appraisals
  9. Strategic advisory

Advisory Services

  1. Portfolio valuation
  2. Organization design and governance
  3. Financial reporting
  4. Lease audits
  5. Tax appeal
  6. Monitoring
  7. Cost segregation
  8. Refinancing

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