Parkbridge Capital Has Eye on the Prize Retirement Communities
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Parkbridge Capital Eyes Retirement Communities as Next Big Opportunity
Overview
With the housing market facing challenges, high energy costs, and volatile financial markets, many baby boomers are making more cautious decisions about their retirement.
Key Points
Shifting Retirement Trends
Today's retirees are considering longer, more active lifestyles. However, with homes decreasing in value, they may have less financial freedom than expected. A promising solution lies in the new generation of manufactured homes, which offer quality, safety, comfort, aesthetics, and value. Upscale manufactured home communities are becoming increasingly popular for this reason.
Community Benefits
Lee Meekcoms, President of Parkbridge Capital Group, a private real estate investment and brokerage firm, emphasizes the community advantages. "It's not just about the home; the community offers substantial benefits," he notes. With over 25 years in real estate, Meekcoms, a baby boomer himself, understands this demographic's needs well. "Boomers want a secure lifestyle with fulfilling activities and enjoyable social interactions," he adds.
Resort-Like Living
Many manufactured home communities now feature resort-style amenities, including gated entrances, pools, spas, recreational centers, clubhouses, community events, fitness centers, and more. "Residents are happy, creative, and really enjoy what the community offers," Meekcoms states. "Staying at home is not an appealing option."
Boomer Influence
Comprising 35% of the U.S. adult population, baby boomers have historically impacted the housing market. They account for roughly half of all vacation home purchases, according to the National Association of Realtors.
Investment Opportunities
The rise of manufactured home and RV communities presents a significant investment opportunity, which is why Parkbridge Capital is focusing on this area. "We're confident that buying, upgrading, and expanding these properties will offer excellent returns for investors while providing an affordable or luxurious lifestyle for retirees," says Meekcoms.
RV Travel Trends
Contrary to expectations, rising gas prices have not deterred RV travel. "Research shows that RV vacations are more economical than other travel options," Meekcoms explains. Many RV owners now spend more time at destinations rather than on the road. The growing popularity of "park-model" resort cottages allows retirees to stay at a resort for extended periods.
Conclusion
Economic realities are driving baby boomers to seek flexible lifestyles that aren't costly. "The properties we acquire are ideal for mobile, cost-conscious boomers desiring the best of all worlds," Meekcoms concludes.
About Parkbridge Capital
Parkbridge Capital Group has been involved in over 100 property transactions, managing assets worth more than a billion dollars. For more information, visit [www.parkbridgecapital.com](http://www.parkbridgecapital.com).
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