Michael J. Nissley, National Director & Vice Chairman of Colliers’ Manufactured Housing and RV Group, with his “deep and longstanding experience in the Canadian manufactured housing and recreational vehicle industries,” served as lead advisor in the sale of an institutional seasonal RV resort portfolio in Ontario, Canada, according to a release.
The portfolio represents a substantial share of all institutionally owned RV resort communities in Ontario. Colliers MHRV Group and Bruce Nell, Head of Global MHRV Valuation, worked together with Eastdil Secured to facilitate the transaction. The 13-community portfolio consists of approximately 3,000 total sites, the release continued.
The landmark sale, one of Canada’s largest RV resort portfolio transactions, highlights the industry’s rising global investor interest driven by favorable investment factors and heightened demand for outdoor hospitality. Key investment factors driving interest include the market-driven rent structure, its position as one of the last unconsolidated niche alternative asset classes, exposure to growing demographic segments such as seniors and affordable housing, and diverse business models such as transient, seasonal, and year-round operations.
Nissley is regarded as a renowned MHRV expert, according to the release, and is trusted by top industry leaders to represent them in property dispositions. He has facilitated numerous portfolio transactions across North America. Regarding this sale, Nissley said, “This portfolio offers investors an opportunity to enter the asset class at a meaningful scale, providing both the operational foundation and team structure necessary to overcome the common challenges institutional investors face when entering the RV sector.”
About Colliers’ Manufactured Housing and RV Group
Colliers’ MHRV team stands as the dominant global leader in the niche asset class. In North America, leadership is driven by Michael J. Nissley, National Director of MHRV Brokerage/Capital Markets, and Bruce Nell, Head of Global MHRV Valuation. Colliers MHRV also has a strong European team, based in the UK and a strong presence in Australia. Real estate services include Brokerage, Finance, and Valuation/Appraisal. Our clients are the largest public REITs, pension funds, banks, life insurance companies, private equity firms, family offices, as well as entrepreneurial owner-operators looking to maximize value. The MHRV team consists of professionals with deep experience in private equity, banking, finance, property and asset management, ownership, development and marketing. They have played a key role in the sale, consulting, management, valuation, financing, and appraisal of over $400B and totaling over 20,000+ MHRV properties globally.
About Colliers
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 68 countries, our 22,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 29 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20% for shareholders. With annual revenues of more than $4.4 billion and $96 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, X @Colliers or LinkedIn.
The post Collier’s Nissley Advises on $91M Canadian RV Resort Sale first appeared on RVBusiness - Breaking RV Industry News.