546: A Little Known Asset Class

Finding under the radar Real Estate niches is extremely difficult, especially with the amount of information readily available online. One exception in today’s market is RV Parks. There are 1.2 million people that live full-time in RVs but there are only 600,000 pads for them to occupy when traveling.  In addition, 85% of RV parks are owned by owners who only own one park, and 50% don’t even have websites and 70% don’t take online reservations.  This is an asset class rife with opportunity. Ben Spiegel, Founder and CEO of Redwood Capital, is building a portfolio of RV parks in the south. Ben is implementing professional management and positioning them for sale to an institutional buyer.