Catherine Bell and a co-speaker discuss raising $50 million for data centers and luxury RV parks, which are booming as the aging population seeks resort-style amenities. They describe a specific deal that generates cash flow while they prepare the property for Opportunity Zone conversion through land entitlement.
Are you getting deals like this?
How's it going on RVs and commercial stuff?
Oh, insane. So last week we were at a conference and they were doing a, a market update and the two things that were at the top on all the verticals was data centers and modular housing. So tiny homes, like our mobile home parks, RV parks, like huge. So anything affordable housing, both of those deals.
Pretty much, right? Anything affordable housing-wise, pretty much, right?
Not necessarily. So we're doing the luxury RV parks, and that is not affordable housing, and it's like growing like wildfire.
You're, you're talking more like the resort-style RV park? Yeah, that's some—
yeah, the silver tsunami continues to drive, and, you know, again, just get out in front of that wave, and that's a huge part of what we're doing. So we're looking to raise $50 million for that deal and then the data center and then now this one that Katya brought on because it allows for it to cash flow until we can get it ready for the Opportunity Zone. So that's the other people. Like right now we're here at the Opportunity Zone Conference and when we can get land entitled and ready and shovel ready so that now we can flip it into an Opportunity Zone project. I mean, so it's, it's all the things.
So that— so did she take that upon herself or did you guys kind of teach her to go after the opportunities?
