Anyone know and have some info to back up what campground/rv park cap rates are looking like in Michigan/midwest right now? I’m getting some national data at 9.15 to 10, but I know this area has really taken a beating over the last year. Any help would be appreciated. Also, please don’t get on a soap box and tell me that cap rates are up to the investor and a market cap rate doesn’t mean anything etc…
Thanks,
Cap