Need help finding a broker to sell park


#1

I am thinking about taking advantage of the low cap rate environment and selling my park in order to fund more acquisitions. There are a million pages on this site about buying parks, but not much on selling so I’m looking for suggestions from owners who have successfully used a broker and would refer to me. Even if you haven’t sold a park, I wouldn’t mind a reference for someone who has a good reputation in the industry.

Thank you.


#2

What state are you in?


#3

I live in FL. Park is in Alabama.


#4

Glenn Esterson and Max Baker do a lot of business in AL. Those are probably your best bet for that region.


#5

Thanks @CharlesD i forgot I have their contact info. I’ll give them a ring.


#6

I may be interested in purchasing it.


#7

I sent you a message.


#8

Casey Thom - Sunstone MHC. They can at least give you a BOV and have something to compare against if you are considering a sale.


#9

Thanks Jack, I will give them a shout. Is this someone you’ve worked with personally or someone you know of?


#10

I love the aggressive nature of this forum…when the tide goes out I cant wait to see who isn’t wearing pants…yes, I know its different this time. I would love to give my capital to those who have been in the market for 2-3 years or studied RE at University and never experienced a recession because again, this time it will be different.


#11

@Dominic730 Both, I had Casey underwrite a park we were thinking to sell. He treated me very well , very professional, very knowledgeable . The park was 600kish at the time. We didn’t do anything though with it. A year later we did bring a different park to market with him ( and his Sunstone team- I don’t think you can go wrong with anyone there I just primarily deal with Casey but I know most of them and they are great). The brokerage did their job on marketing ,the deal fell apart for reasons on the merit of the deal, but then I got sellers remorse but they had several other offers lined up I just realized I never want to sell anything ever … If something changed that would be my first call.

My opinion was the way I was treated on a 600k park that I didn’t even list with them, it might as well had been a 6M dollar park.

Additionally, I will add, I have referred park owners to Casey based on my personal experience and Casey has sold those deals. But the best part of it is that I have had the park owner come back to ME and Thank ME for the referral to him. That to me tells the whole story right there.

I have talked to other brokers with not great service or the park was too small, so when I encountered this , I thought I was stuck in an alternate universe and I think its important to refer out people that you feel have served you well.

Good luck!


#12

Thanks again, I will be reaching out to them soon. It sounds like they’re a pretty good deal.


#13

@jhunte579 - Jeremy might be able to help you @Dominic730