Flat Rock, NC (PRWEB) August 01, 2013
Warren Buffet, Sam Zell and W.W. Gilman are in the One Percent because theyre onto The Next Big Thing well before mere mortals even catch a whiff. Thats why the August 21 Tranzon auction of The Village of Wildflowers park model community in Flat Rock, North Carolina is a prime chance for an investor to cash in on the smaller is smarter movement by taking over the reins of Gilmans established cash cow.
Real estate visionaries such as Gilman, Buffet and Zell were able to ride out the ripple effects of 2008s Black Swan because theyd already figured out how to capitalize on economic downturns. In 2003, Buffets Berkshire Hathaway acquired Clayton Homes, known as the nations largest maker and financer of prefab and mobile homes.
The Clayton purchase has paid dividends as has Zells Equity LifeStyle Properties (ELS), a manufactured home community REIT. ELS owns or has ownership interest in nearly 400 resort park communities across the U.S, accumulating about 170,000,000, making the REIT the nations largest mobile-home park owner.
At age 82, The Village of Wildflowers (TVOW) might well be Gilmans swan song, as he hears the sirens call of retirement and is ready to let another benefit from his belief that multiple markets exist for his Wildflowers product, including Recreational Vehicle (RV) owners.
TVOW is the first community in the nation to offer rental property management for owners in their absence. This can be a seasonable second home and we will rent it for additional income for the owners in their absence, Gilman says.
Raw land is limited, expensive, and the costs for installing sewage and water are steep. Thats partly why existing trailer parks have caught the eye of real estate entrepreneurs such as Gilman, who purchased Wildflowers 25-acre site 18 months ago and redeveloped it with the park model concept in mind. The August 21 Tranzon sale includes 183
