Native Realty CEO Jaime Sturgis discussed investor and developer interest in South Florida mobile home park sites in an article published in The Real Deal’s quarterly magazine focusing on regional trends.
Parking it: Mobile Home Park Interest Strong in South Florida
REITs and developers following in the footsteps of Sam Zell’s Equity LifeStyle Properties are eager to acquire mobile home parks for their reliable income and development possibilities
“Jaime Sturgis, a Fort Lauderdale commercial broker with Native Realty who is currently representing a couple of clients looking to buy a park, said that despite the uptick in transactions in 2018, it’s difficult to get a deal done. “Mobile home parks are few and far between, and generally not for sale,” Sturgis said. “Some that I have approached have flat out said no, and others want astronomical numbers that are out of touch with the market.”