May 15

Smaller Deals Gaining Big Momentum

According to the most recent Co-Star Commercial Repeat Sale Indices (CCRSI) that was published last month (April 2014) we are seeing the pricing for low-end properties gaining momentum. In fact smaller commercial real estate deals in secondary and tertiary markets saw their strongest annual gain this past February with a 15.7% jump. It appears both large and small investors alike are shifting their focus to lower quality, smaller commercial properties in non-prime markets.

 Although slight, the recent upswing of the economy might be the culprit in the low-end pricing momentum. Simply put, job creation is finally filling all those commercial vacancies we’ve been staring at for the past year or so.  These smaller markets are still feeling the pressure credit-wise; that combined with the rising rent trend makes now a good time for investors without credit barriers to invest in multi-family properties.

 One has to wonder though, the impact that having a few large investors buy up an entire smaller market will have. Back in 2012 we saw a similar trend in Southern California and in Nevada. Hedge fund investors owned at one time in Las Vegas 25% of all their real estate. While this tactic manipulated the market to report a peak, it didn’t last long. Writer Gary Anderson warns that such situations can “ruin” the real estate market in the long run, and that it is actually middle-class investors who can best compete in the multi-family housing market.

At Kastleman & Associates we happen to specialize in buying multi-family properties, mobile home and RV parks, and vacation rental properties throughout Texas. If you are a seller or broker and would like to discuss a potential property acquisition please contact me at bkastle@kastleman.com.commercial real estate blog bryan kastleman

Nov 19

Texas Mobile Home Parks On The Rise

With the acquisition, rehabilitation, and now management of the Hill Country RV Resort & Cottage Rentals community, Bryan Kastleman made a significant positive impact on the New Braunfels, Texas area. In addition, Kastleman & Associates, Inc. has assumed ownership and management of the Tejas Mobile Plaza in Austin. A 93 site mobile home community, this mobile home plaza offers lots for RVs as well as mobile home units and is conveniently located off of Highway 71 East.

Tejas Mobile Plaza in Austin managed by Bryan Kastleman

Tejas Mobile Plaza in Austin managed by Bryan Kastleman

The Tejas Mobile Plaza marks the fourth on the list of RV Parks and Mobile Home Communities owned and operated by Bryan Kastleman and his staff. By investing in the Austin community as well as the surrounding areas, the real estate company improves the value of not only the properties themselves but the city as well. Bryan Kastleman’s goal is to invest in and rehabilitate Texas RV & mobile home parks and other multi-family properties in order to increase their value, safety, and resident satisfaction.

Due to economic challenges, mobile home parks, multi-family dwellings, and other similar living situations are on the rise. Individuals and families see the advantages to living in a community setting with (often free) amenities and a lower rent than can be found elsewhere. Kastleman & Associates, Inc. works hard to create safe, welcoming communities for these families who may never have considered living in a mobile home or RV park before.

Cottages at the Hill Country RV Resort - Bryan Kastleman, Texas

Cottages at the Hill Country RV Resort – Bryan Kastleman, Texas

While it’s hard to know what the future holds, it’s clear that mobile home communities are here to stay. Thanks to Bryan Kastleman, they’re more friendly, safe, and inclusive than ever before. Stay tuned for more updates on improvements at the Tejas Mobile Plaza in Austin and other properties managed by Kastleman & Associates, Inc.

Nov 13

We’re in the News!

So fun we just had to share! Just recently, Bryan Kastleman was featured in an article in the Industry E-News for Campgrounds and RV Resorts. The article discusses the advantages to improving and expanding Texas RV parks and consulted Kastleman since he has rehabilitated and managed the Hill Country RV Resort & Cottage Rentals property (located in Texas) with such improvement this year.

The article can be viewed here: Industry E-News article featuring Bryan Kastleman from Austin, Texas