BBG announced that it is offering valuation and assessment services for the manufactured housing communities, recreational vehicle parks and campgrounds, fast-growing sectors in the commercial real estate industry.
BBG’s newest service will be led by Erik Hanson, who the company said has extensive experience and knowledge in appraising these property types and other commercial properties.
Hanson will be the managing director and national practice leader-MHC, and BBG said his role will be to establish and grow this practice group.
“Our decision to offer these services for this asset class is due to current market demand for these properties and its highly attractive growth potential in the years ahead,” Executive Managing Director Bill Britain stated. “We are extremely fortunate to have Erik lead our newest venture, as his outstanding track record in this sector will greatly benefit our clients, as well as our strategic vision in finding and developing new practice groups.”
BBG said the group was formed to provide the highest quality valuations and assessments required for properties specifically used for manufactured housing and recreational vehicles, markets that have demonstrated considerable growth.
“The need for valuation and assessment services in the MHC and RV park and campground space has grown considerably within the past few years,” Hanson stated. “I’m very much looking forward to leading this team of talented professionals in markets throughout the country.”
In recent years, there 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. BBG said Hanson has specialized in appraisal and consulting for hundreds of manufactured housing communities and RV parks and campgrounds throughout the Midwest and Great Plains.
Before joining BBG, Hanson served as a vice president at Wisconsin-based Midwest Appraisal Group, where he appraised various property types including apartments, mixed-use, industrial, retail, hospitality, recreational and land. He also held senior-level positions at other regional appraisal firms. He is the president for Appraisal Institute’s Wisconsin Chapter and has held other leadership roles for the chapter. He has also appeared as a guest on several manufactured housing community-related podcasts and is a frequent contributor to industry-related groups’ social media platforms.
For additional details on the services or a quote on a new deal, contact Hanson at [email protected]. BBG is a due diligence commercial real estate firm.
