To Whom It May Concern:
I am writing to recommend Douglas Danny of Marcus & Millichap to any potential Buyer or Seller of Manufactured Home Communities or RV Resorts. He was the listing broker on my most recent purchase of Locust Grove, a 75 site MHP with a single tenant Commercial unit and a cell tower in Lancaster, California.
As a multiple park owner and active investor, I appreciate Doug's financial expertise, the use of his historical spreadsheet and his realistic underwriting of the current operation of his exclusive offerings. The expenses and net operating income were accurate and consistent with the books and records. His advisory relationship with the seller and property manager allowed me to easily obtain the detailed information I needed to evaluate the investment and prepare for a future rent increase procedure with the Lancaster rent control board. I also appreciate Doug's willingness to travel nearly 400 miles for the onsite due diligence inspection.
Doug's ability to guide the process allowed me to make a high leverage transaction involving the use of collateral secured by other assets in my portfolio possible. He also was instrumental in helping me maintain my sanity throughout a torturous assumption process that lasted nine months!
I appreciate his attention to detail, capable staff, ability to influence and guide the transaction process and his sense of humor that made all of the angst bearable. I look forward to working on any of his future inventory and recommend him without hesitation to any buyer or seller of MHC's or RV properties.
Scott V. Monroe
To Whom It May Concern:
I closed my first deal with Doug in 2003. It was a 228 site MH/RV Resort in Nevada owned by a bank. Since that first transaction, I have listed, sold and purchased another 4 parks totaling 599 sites (210 sites, 45 sites, 170 sites and 174 sites) using Doug’s services. Based on our relationship over the past six years, I want to share the following observations:
Doug is experienced, marketwise, insightful and honest. I can always rely on his underwriting and representations as a buyer or a seller. He and his staff are detailed, thorough and realistic in their evaluations, marketing materials and advice.
I trust Doug explicitly, rely on him for honest and acute information and frequently consult him on my MH / RV Park purchase decisions even if he is not involved as the broker.
His skill, knowledge, expertise and sense of humor make him a true pleasure to work with and a respected professional in our industry.
Yury Gampel
To whom it may concern:
I have done business with Mr. Douglas Danny for about ten years. His professionalism, with out any doubt in my mind, is impeccable.
It is very easy for him, employing the right sense of humor, to become a client's friend that generates confidence in the client's psych.
He has an uncanny knack for communicating with both the buyer and the seller to complete the transaction. Though no human being is flawless,
I find him one of the two best real estate brokers I deal with; I have given over 80 % of my business to Doug. Please contact me if the
reader of this letter needs additional assurance.
Navin Doshi
To Whom It May Concern,
We would like to share our appreciation for all the patience and professional guidance Doug Danny has given us in the acquisition of our mobile home lodge. He diligently guided and reguided us through pages and pages of calculations, and graphs to make sure we totally understood all the details of our transaction.
In the current climate of questionable loans being made it is very comforting to know that we are working with someone that we can trust both professional and personally. It is reassuring to know that Doug will not get us into a situation that we do not totally understand or will put us in financial jeopardy. Doug also has not just closed the deal and disappeared, he has been there to answer question and offer ongoing guidance.
We are grateful for the opportunity to work with someone that has such high professional standards and hope to continue our working relationship with Doug.
Gertrude Findley, Jean McCoy
To Whom It May Concern,
I have worked with Douglas Danny of Marcus & Millichap Real Estate Investment Services for over 10 years and have been both the buying and selling
end of Mobile Home Park transactions. I have found Doug to be knowledgeable, conscientious, and very thorough on every transaction we have completed together.
I would highly recommend Doug and his team for any Commercial Real Estate transaction.
Robert N. Lowery
To Whom It May Concern,
I want to thank you for constantly pointing me in the right direction when it comes to Mobile
Home Parks. The reason I originally chose you for a Broker was because George Allen referred
you when I spoke with him about getting into the industry, he told me that you would be the best
person to speak with; I now see why he recommended you.
After buying three Parks from you this year, I can honestly say that I owe a lot to you, you
definitely steered me in the right direction. You always tell me the worst case scenario, in
addition to the best case, and watch out for me on the Buy-Side of the transaction when you are
actually representing the Seller. The fact that you still walk me through the Due Diligence
process is amazing to me, whereas most Brokers told me when I asked them about buying
Parks that the Due Diligence is your problem as the Buyer; we only represent the Seller. I have
done everything you told me to do too fix-up and fill-up the Parks that you sold me, and they
have turned into Cash Cows in the end; which you said they would in the beginning.
Again, I cannot thank you enough for everything you have done for me in the Mobile Home Park
business. You make my life much easier when looking for new acquisitions, as I know you dont
hide the truth and make false representations on the financials or condition of the Parks that you
represent.
If there is anything that I can ever do for you, please let me know as I owe you immensely.
Chad S. Graves
Dear Doug:
I want to formally say, Thank You. You spent months helping me find the perfect investment to satisfy my 1031 exchange needs. I know we looked at over a dozen Mobile Home Parks and probably submitted offers on eight of them. Driving, flying, scrutinizing the due diligence, sorting the fact out the many fictions that were presented to us as actual income & expenses, and finally the way you constructed each offer gave me a glimpse of your expertise in the Commercial Real Estate and Mobile Home Park Industries.
Your professionalism and positive attitude put me and the prospective sellers at ease during lengthy and often tense negotiations. You kept me focused and moving forward especially during the many disappointing negotiations and overstated properties.
I've got to say we dealt with a lot of strange sellers and even stranger circumstances, but especially in my case, the end certainly justified the means. The park you found me is out-performing your expert and conservative pro-forma projections. Your guidance during escrow was invaluable, because as it turned out, that became the most difficult part of the deal. It was worth all the headaches and hassles. I am very satisfied with my purchase.
With all the time we spent together during those four months it was hard not to become friends. It gave me the opportunity to witness an artist at work. It's as if you gave each deal its own life. You found answers for just about every obstacle we encountered.
I learned a great deal during our time together; and I'm a smarter buyer, owner, and seller because of it. I certainly enjoyed working with you and your efficient staff and I will call on you again to represent me in my future sales and purchases.
Scott Spector
To Whom It May Concern,
I met Doug in 1996 during the process of exchanging my equity from Gig Harbor, Washington to the Southern California and Arizona market. I hired him to represent me in a negotiation on a mobile home park in Lake Tahoe and I agreed to pay his commission. He reviewed the offering and asked me if I was prepared to pay off a short term (36 month) Second Note from my savings. He made it clear that I would never be able to refinance the upleg property (a short term lease hold) to meet that obligation. He said, “the Seller has you out on a limb and his broker is sawing as fast as he can!” I cancelled the contract and was impressed with the fact that Doug chose my needs over a easy commission in our first deal together!
Since that day, I have worked exclusively with Doug and we have bought and sold 13 mobile home parks and one retail center. Our first three closings were accomplished while I was caring for a terminally ill loved one. I delegated the bulk of the transactional responsibility to Doug and felt comfortable enough to purchase the final upleg property, Christown MHP in Phoenix, without ever seeing the park or the books. At the end of my first year of ownership, I always meet with Doug to compare his underwriting to the actual performance of the property. We have evaluated eleven purchases and every property has out performed his proforma and has been a better investment than expected.
We have had one unfortunate deal where we bought the park directly from the owner / broker who intentionally concealed a costly material fact. I had no choice but to litigate and Doug’s assistance, organization, record keeping and attention to detail was instrumental in arriving at a suitable settlement.
Our relationship spans twelve (12) years and has been profitable, productive and fun. Doug has hands on, seasoned analytical financial skills, pays close attention to detail, has a wealth of practial experience and great people and negotiation skills. I trust him, rely on his information and always knows that his fiduciary commitment to me is absolute. I never make a real estate decision without his advice and council!
Larry Adams
To Whom It May Concern:
We have known Doug for several years. He has represented us on a number of listings and we are always impressed with the detail in the marketing packages.
When Chuck and I decided to sell our 170 site RV Resort in Southern California, we called Doug to prepare an analysis. He and his staff (Courtney) worked closely with us to produce a professional presentation that brought buyers to the table immediately. Doug listed, sold and closed our community at 98% of list with 38.8% down in approximately 100 days. He did a professional job of representing us throughout the transaction.
We appreciate the fact that he stays in touch with us and keeps us abreast of current market activity. I strongly recommend him as a listing broker.
Grant B. Stoaks
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DOUGLAS DANNY
- MHC & RV Resort Brokerage Specialist
- Community Owner and Opperator in CA, AZ & CO
- Property Management Expertise
- 30 Years of Brokerage, Management and Investment Experience
- One of the Top 3 MHC/RV Resort Brokers at Marcus & Millichap since 1998
- Member of the Western MHC Association and Manufactured Home Institute
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