Jon Shay Joins CBRE's Manufactured Housing Practice in Denver
06 6月 2018
CBRE announced today that Jon Shay has joined its Denver office as a Vice President with CBRE's Manufactured Housing practice, which serves the commercial real estate needs of the manufactured housing and RV resort sector. Previously with ARA Newmark, Mr. Shay specializes in investment sales and has been involved in more than 75 manufactured housing property transactions over the course of his career, totaling more than $250 million. He is based in CBRE’s downtown Denver office and will serve clients in Colorado and across the United States.
“Jon’s experience in the mobile home and RV park sector of commercial real estate covers the Rocky Mountain region and Central Plains, and we are proud to once again offer CBRE clients expertise in this niche investment market via a Colorado-based professional,” said Pete Schippits, Senior Managing Director and Market Leader for CBRE’s Colorado region.
Prior to joining CBRE, Mr. Shay was on the National Manufactured Housing team at ARA Newmark. The team won the Manufactured Housing Institute’s National Mobile Home Park Broker of the Year each of the five years Mr. Shay was at the firm.
“Manufactured housing is remarkably relevant today. It is one of the only product types that provides affordable housing without public subsidies. It is also naturally supply-constrained since few new parks are developed in the U.S. each year. New investors are often pleasantly surprised at the level of returns they can get on a mobile home community compared to a traditional real estate investment,” said Mr. Shay. “If demographic trends continue as they have for the last several years, the importance of this affordable housing option will only increase as families look for a more economical place to call home.”
Mr. Shay began his career at Marcus & Millichap in Minneapolis and Denver, where he gained experience in seller representation, acquisitions and investment. He has served on the teaching staff at Harvard University Extension School as part of the real estate program, two of the largest courses at that institution. Mr. Shay studied Political Science at the University of Minnesota.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.