Professional Experience
Associated Office
Norm started his career in the 1990s with a private office investment fund gaining a diverse perspective in commercial real estate with early professional experience at Colliers International, Business Real Estate Brokerage (now Cushman & Wakefield) drawn to the unique fundamentals of the park industry he focused away from NNN and other commercial sales in 1998 to focus exclusively on the MHRV sector, coining the term in 1999 with the founding of MHRV Advisors one of the most successful and respected independent park brokerage firms. As the growth and expansion of the MH and RV industry progressed, Norm merged with CBRE in 2012 to provide the industry with the highest level of services and the most comprehensive set of capabilities, expertise, and historical experience.
Widely recognized as an expert advisor and broker for mobile home parks and RV resorts, Norm frequently sits on MH and RV related expert panels and is sourced for real estate publications. Institutional entities, family trusts, private offices, and individual private clients across North America gain from this perspective which includes a first-hand understanding of ownership and mobile home community operations.
- MHC Broker of the Year 2020 - MHI (Manufactured Housing Institute)
- Current & Previous CBRE Top Producer Specialty Practice
- National Record-Setting Stabilized Cap Rate (rent-controlled)
- National Record-Setting - Stabilized Cap Rate (non-rent-controlled)
- National Record Price Per Site - Laguna Beach, CA (non-redevelopment)
Team Overview
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Specializing in Mobile Home Parks for sale, RV Parks for sale & park loans nationwide.
CBRE’s top producing MH/RV specialty practice producers Norm & Chris along with their strategic partners in markets spanning North America successfully transacted over 300 manufactured housing communities & RV resorts since the 1990s. Actual sales from California to New York, throughout the Midwest including transactions across Canada provides access to the most comprehensive expertise & longest track record for both private client to institutional perspectives.
National Benchmark Records & Achievements
- MHC Broker of the Year 2020 - MHI (Manufactured Housing Institute)
- National Record-Setting stabilized Cap Rate (rent-controlled) in 2018
- National Record-Setting - Stabilized Cap Rate (non-rent-controlled) in 2017
- National Record-Setting - Price Per Site - Laguna Beach, CA in 2013
Institutional / High Quality Park Highlights
- 16 Park Stable Canadian MHC Portfolio
- 12 Park 5-Star Texas RV Portfolio
- 5 Park Portfolio Phoenix Metro
(55+ & High Quality) - 798 Space Value Add Indiana MHC
- Record Cap Rate 5-Star 55+ SoCal
(no rent control)
- Record Cap Rate 5-Star 55+ SoCal
(in rent control) - Market-Leading Cap Rate 5-Star 320 Space Michigan MHC
- 1,044 Spaces, Largest Community in New Mexico
- 5,344 Spaces, Midwest MHC REIT Portfolio
- 5-Star Park with Marina in Florida
2018-2019 Recent Park Sales
- Turnkey 55+ MHC - Ventura/Greater Los Angeles, California
- Quality Value-Add MHC - Bloomington, Indiana
- SoCal Value-Add MHC - Palm Springs, California
- Extended-Stay RV Resort - Kingman, Arizona
- Stable, High Occupancy 55+ MHC - Mesa, Arizona
- Well-Maintained 55+ MHC - Phoenix, Arizona
- Extended-Stay RV Resort - Adelanto, California
- Arizona 3 Park Sale - Phoenix & Chandler, Arizona
- Luxury RV Resort & Marina - Gulfcoast Florida
- 16 Park MHC Portfolio - Multiple Provinces, Canada
- All-Age SoCal MHC - Desert Hot Springs, California
- Big-Rig RV Resort - Las Cruces, New Mexico
- 270 Space High Occupancy MHC - Las Cruces, New Mexico
- 850+ Space High Quality Stabilized MHC - Michigan
- 12 Park 5-Star RV Portfolio - Houston MSA & San Antonio, Texas
- 798 Space Value-Add MHC - Indianapolis, Indiana
- 150+ Space Value-Add MHC - Glendale, Arizona
- 107 Space Stable MHC - Las Vegas, Nevada
- 127 Space MHC & RV Resort - Crescent City, California
- 5-Star 55+ MHC - Riverside, California
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4301 La Jolla Village Drive
Suite 3000
San Diego
,
CA
92122
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