RV Parks, 1031 Exchanges, and the Future of CRE Niches

This episode explores the untapped potential of RV Parks and in-depth specialization in commercial real estate with Landan Dory, Founder of North Star Brokerage & Advisory.

The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with top CRE professionals. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. 

In this episode, host Ashley Kobovitch sits with Landan in this Part Two episode to discuss recent updates since their last conversation in 2022, including his transition from Avison Young to Partners to founding North Star in January 2025. He dives into the decision behind launching his own brokerage, emphasizing the flexibility and targeted approach North Star brings to the RV and mobile home park market. 

Landan also discusses the significance of the company's name, the importance of finding a personal and professional 'North Star,' and how recent oversupply and regulatory challenges impact this niche market. Additionally, the episode explores the role of AI in commercial real estate, the Texas commercial real estate market, and long-term visions for North Star. Landan provides insights on investor opportunities, challenges, and the potential of private equity in driving efficiency and growth in this space.

• Introduction to The Crexi Podcast
• Meet Landan Dory: North Star Brokerage and Advisory
• Landan's Journey: From Partners Real Estate to North Star
• The Genesis of North Star: Inspiration and Vision
• Building a Team and Culture at North Star
• Future Vision: North Star's Market Impact and Personal Milestones
• Focus on RV and Mobile Home Parks: Market Potential and Evolution
• Challenges in RV Park Development
• Debt Structures: RV Parks vs. Mobile Homes
• Proprietary Database for RV Parks
• The Role of AI in Commercial Real Estate
• Texas Commercial Real Estate Market Overview
• Opportunities and Red Flags for Investors
• Impact of Private Equity in RV and Mobile Home Markets
• Rapid Fire Questions and Career Advice
• Closing Remarks and Contact Information

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For show notes, past guests, and more CRE content, please check out Crexi’s blog.

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About Landan Dory:

Landan Dory is the founding member of North Star Brokerage & Advisory based in Austin, TX. His team specializes in RV and Mobile home parks, net lease investment properties and executing 1031 exchanges as a tax-sheltering/estate-planning tool.

Landan has a demonstrated track record of success, having completed over $350m in commercial property sales in 21 states and counting, making him one of the nation’s foremost experts in selling investment real estate.

Using a specialized and targeted approach of representing property sellers, Landan has distinguished him as the go-to option for many property owners, ranging in scale from private property owners to some of the largest real estate companies active in the market today.

Landan was born and raised in Midland, TX and graduated from Baylor University with degrees in Finance and Real Estate. He lives in Austin, TX with his wife Megan, two boys and their husky named Charlie.

If you enjoyed this episode, please subscribe to our newsletter and enjoy the next podcast delivered straight to your inbox. 

For show notes, past guests, and more CRE content, please check out Crexi’s blog.

Ready to find your next CRE property? Visit Crexi and immediately browse 500,000+ available commercial properties for sale and lease.

Follow Crexi:

https://www.crexi.com/​ 

https://www.crexi.com/instagram​ 

https://www.crexi.com/facebook​ 

https://www.crexi.com/twitter​ 

https://www.crexi.com/linkedin​ 

https://www.youtube.com/crexi