Randy Hendrickson, co-founder and CEO of United Park Brokers — a brokerage firm serving the outdoor hospitality asset class — along with founding partners Peter Meyer, Seth Bradley, Greg Anderson and Steve Baron, has announced the formation of Invest Outdoors LLC.
Hendrickson has been an outdoor hospitality industry leader for nearly three decades, having managed over 70 RV parks, RV resorts, campgrounds and glamping resorts, according to a press release. He has also served a combined 15 years on various industry boards of directors and facilitated over $500 million in real estate transactions, all within the outdoor hospitality arena. By aligning with the co-founders in the forming of Invest Outdoors, Hendrickson believes it is the perfect confluence of talents and timing.
‘’We have been in the trenches. We’ve checked-in guests. We’ve managed the headaches, and we know the industry from a perspective that is truly unique. In many respects, Invest Outdoors is the culmination of decades in the industry and the evolution of the founders’ skills towards a united quest, and I could not be more enthused about our initiatives already underway’’ said Hendrickson.
Invest Outdoors leverages more than 140 years of combined experience among the founders to acquire, develop and operate outdoor hospitality assets in key strategic markets. In the midst of an explosive era of growth in the industry, rather than get caught up in the hype, Invest Outdoors will deploy sound fundamentals and a disciplined approach on behalf of investors, stated the release.
The company is keenly focused on the velocity in the outdoor hospitality industry, leading to significant investment opportunities. According to a recent report from Kampgrounds of America (KOA), 83% of first-time campers in 2020 were Gen X, Gen Z and Millennials, with 76% of first-time campers earning $50k – $100k+, and there were over 10M first-time campers in 2020*.
“The numbers speak for themselves, but we translate for our investors,” said Seth Bradley, a managing member. “As a group, and individually, the partners network extensively with high net worth individuals, investment groups and funds with an active interest in entering this space. Because of our experience with investing, developing and managing assets, we believe we are poised for success for ourselves, our investors and the Outdoor Hospitality industry as a whole’
In conjunction with affiliated company United Park Brokers, Invest Outdoors can assist all investors looking to enter or exit the industry. As Invest Outdoors ramps up acquisition initiatives based on their investment criteria, United Park Brokers can assist buyers and sellers from individual assets to portfolio deals.
*Source: KOA Annual North American Camping Report 2021