Colliers’ Manufactured Housing and RV Group recently played a pivotal role in one of Canada’s largest RV resort portfolio transactions. Michael J. Nissley, national director and vice chairman of Colliers’ MHRV Group, served as the lead advisor for the $91 million sale of a significant institutional seasonal RV resort portfolio in Ontario.
The portfolio comprises 13 RV resort communities, encompassing approximately 3,000 total sites. This collection represents a considerable share of Ontario’s institutionally owned RV resort properties.
The transaction was facilitated by Colliers’ MHRV Group in collaboration with Bruce Nell, head of Global MHRV Valuation, and Eastdil Secured. Together, these teams brought their expertise to navigate the deal, ensuring a smooth transaction process.
This sale underscores the growing appeal of RV resort investments among global institutional investors. According to a press release, industry trends indicate a surge in interest driven by “favorable investment factors” and increased demand for outdoor hospitality.
Factors contributing to this interest include market-driven rent structures, the sector’s positioning as one of the last unconsolidated alternative asset classes, and its exposure to expanding demographic groups such as seniors and those seeking affordable housing solutions.
The portfolio’s diversity, spanning transient, seasonal, and year-round operations, further adds to its attractiveness. These varied business models allow investors to tap into a broad customer base and create opportunities for sustained growth.
Nissley emphasized the strategic significance of this sale, stating, “This portfolio offers investors an opportunity to enter the asset class at a meaningful scale, providing both the operational foundation and team structure necessary to overcome the common challenges institutional investors face when entering the RV sector.”
Nissley’s reputation in the MHRV sector has made him a trusted advisor for industry players. With experience facilitating major portfolio transactions across North America, his expertise has become synonymous with successful high-value deals in the industry.
Colliers’ Manufactured Housing and RV Group stands out as a global player in this niche asset class. The team, led by Nissley and Nell, has established a presence not only in North America but also in Europe and Australia. Their services span brokerage, valuation, and financing, catering to a diverse clientele that includes public REITs, pension funds, private equity firms, and entrepreneurial owner-operators.
The group’s expertise is backed by a proven track record of managing, consulting, and appraising over $400 billion in assets, involving more than 20,000 MHRV properties worldwide.
