Meekcoms has acted as an advisor in RV resorts and mobile home parks containing over 11,500 lots in Florida.
Tampa, Florida (PRWEB) November 16, 2016
Lee Meekcoms, managing partner of Clearwater, Florida-based Parkbridge Capital Group, a real estate investment advisor, assisted a California-based company in its first Florida acquisition. The 464-lot Whisper Creek RV Resort in LaBelle, Florida was purchased for $11,750,000. The buyer, Granite Whisper Creek, LLC, followed Meekcoms’ direction into this popular sector of the real estate investment market. The Seller was Whisper Creek, Inc., a private owner with the property as its sole asset.
“This investment for the Whisper Creek property was a significant opportunity,” says Meekcoms. “The resort is a high quality, desirable property, inland from Ft. Myers, in an area that is poised for substantial growth. The investor’s plan for the property is to maximize its cash flow while enhancing value by adding popular “park-model” homes (resort cottages) in the park.
Meekcoms has acted as an advisor in RV resorts and mobile home parks containing over 11,500 lots in Florida. Whisper Creek is one of many that have sold this year. Carefree Communities’ 35 property Florida portfolio of RV resorts and mobile home parks sold to Sun Communities earlier this year, for $1.68 billion.
Meekcoms states that these properties provide an affordable living environment to the tenants, while providing strong cash flows and growth of capital to the investor. The demand for these types of properties in the Sunshine State is nearly endless, states Meekcoms. He cites, as an example, a group of four parks that may find their way into the portfolio in the next several months. Significant investor interest in mobile home parks and RV parks continues to thrive into the foreseeable future.
About Parkbridge Capital Group, LLC:
Parkbridge Capital Group has secured quality real estate investments for its partners, affiliates and clients for over 25 years. Managing Partner, Lee Meekcoms has orchestrated more than 100 transactions involving mobile home parks, manufactured home communities and RV resorts, throughout the country, with a value of more than $1 billion. Meekcoms also serves as a managing partner in Parklane Real Estate Services, LLC, a property management firm located in the Tampa Bay area.
Parkbridge Capital Group