Pathfinder Ventures Launches Pathfinder Lifestyle Communities, a Division Focused on Land-Lease Communities to Address Housing Shortages and Housing Affordability

Rhea-AI Summary

Pathfinder Ventures Inc. (TSXV:RV) has launched Pathfinder Lifestyle Communities, a new division focused on acquiring and developing manufactured home communities (MHCs) to address housing shortages and affordability issues. The company aims to create well-planned communities offering high-quality, affordable homes with resort-like amenities. Pathfinder currently owns a 10-unit MHC in Parksville, which has maintained 100% occupancy since 2020.

Key highlights of Pathfinder Lifestyle Communities include:

• Affordable housing solutions using manufactured housing construction
• Land-lease community model
• Stable and attractive asset class
• Sustainable development practices
• Community-oriented living with shared amenities

This initiative represents a strategic growth opportunity for Pathfinder Ventures, leveraging its expertise in RV resorts and MHCs to address the growing demand for affordable housing options.

Positive

• Launch of Pathfinder Lifestyle Communities division to address housing shortages and affordability
• 100% occupancy maintained in existing 10-unit MHC since 2020
• Potential for rapid and cost-effective development compared to traditional housing
• Expansion into a stable and attractive asset class (manufactured home communities)
• Opportunity to leverage existing expertise in RV resorts for new business segment

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / July 18, 2024 / Pathfinder Ventures Inc. (TSXV:RV) ("Pathfinder" or the "Company") is pleased to announce the creation of its new division, "Pathfinder Lifestyle Communities," which will focus on the acquisition and development of manufactured home communities ("MHC's"), offering a sustainable and affordable housing solution in response to the region's growing housing shortages and affordability crisis.

Pathfinder Lifestyle Communities aims to create vibrant, well-planned communities that will provide residents with high-quality, affordable homes along with resort-like amenities. By leveraging the efficiencies of manufactured housing construction in a land-lease community setting, these MHCs can be developed quickly and cost-effectively vs. traditional housing, making homeownership accessible to a broader segment of the population, especially new home buyers or those looking to downsize.

Pathfinder adds Vancouver Island MHC into the Pathfinder Lifestyles Community Portfolio

Pathfinder currently owns and operates a 10-unit MHC as part of its Parksville Camp Resort operation. The Parksville MHC has been at 100% occupancy since Pathfinder purchased the property in 2020 and has been a steady and reliable business segment for Pathfinder.

"We are very excited to introduce Pathfinder Lifestyle Communities as a key component of our growth strategy," said Joe Bleackley, CEO of Pathfinder Ventures. "We get calls weekly from customers looking to live in our RV Resorts long-term, and given the similarities in the operations, and expertise and experience in MHCs, it's a natural progression for us to focus on Lifestyle Communities, while providing solutions to high housing ownership costs."

Key Highlights of Pathfinder Lifestyle Communities:

1. Affordable Housing Solutions: By utilizing manufactured housing construction techniques, Pathfinder Lifestyle Communities can offer homes at a fraction of the cost of traditional construction, making homeownership more attainable.

2. Land-Lease Community: Where the customer owns the home, RV, or residence, but not the land the unit sits on. Instead, Pathfinder leases the land to the homeowner and provides services to the residents. Such ownership is appropriate for young first-time home buyers or those looking to downsize.

3. Stable, Attractive Asset Class: Manufactured home communities represent a stable and attractive investment opportunity, characterized by steady demand and resilient performance even during economic downturns.

4. Sustainable Development: Manufactured homes are built with precision in controlled environments, reducing waste and promoting sustainability. These communities and homes are designed to be energy-efficient and environmentally friendly.

5. Community-Oriented Living: Pathfinder Lifestyle Communities are designed to create a sense of community, offering amenities and shared spaces that encourage social interaction and a high quality of life for residents.

About Pathfinder Ventures Inc. (TSXV:RV):

Pathfinder Ventures Inc. is a leading operator of RV Resorts and affordable Manufactured Housing Communities, committed to delivering exceptional hospitality and modern amenities as an essential component of its offering.

To learn more about Pathfinder, click the link below:

www.PathfinderVentures.ca
www.PathfinderCampResorts.com

On behalf of the board of directors of the Corporation:

Joe Bleackley
Chief Executive Officer, Founder and Director
Pathfinder Ventures Inc.

Company Contact:
Joe Bleackley
Chief Executive Officer, and Director
Phone: (604) 914 2575
Email: ir@PathfinderVentures.ca
Website: PathfinderVentures.ca || PathfinderCampResorts.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Forward-Looking Information Cautionary Statement

This news release contains forward-looking statement related to Pathfinder's board of directors. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the future plans and objectives of the Corporation, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Corporation's expectations include risks detailed from time to time in the filings made by the Corporation with securities regulations.

The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Corporation. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Corporation does not undertake any obligation to update publicly or to revise any forward-looking statements that are contained or incorporated in this press release.

In the case of RV, this news release includes certain "forward-looking statements" which are particular to RV and are not comprised of historical facts. Forward-looking statements include estimates and statements that describe RV's future plans, objectives or goals, including words to the effect that RV or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to RV, RV provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, RV's objectives, goals or future plans, statements, and refinancing and funding. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, the ability of the RV to successfully implement its development strategy and whether this will yield the expected benefits; competitive factors in RV's industry sector; the success or failure of product development programs; currently existing applicable laws and regulations or future applicable laws and regulations that may affect RV' s business; decisions of regulatory authorities and the timing thereof; Covid-19 related risks, availability of properties; the economic circumstances surrounding RV's business, including general economic conditions in Canada, the US and worldwide; changes in exchange rates; changes in the equity market; inflation; uncertainties relating to the availability and costs of financing needed in the future; and those other risks disclosed in the filing statement or other disclosure document prepared and supplied on Sedar. Although RV believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. RV disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

SOURCE: Pathfinder Ventures Inc.

View the original press release on accesswire.com

FAQ

What is Pathfinder Ventures' new division called and what does it focus on?

Pathfinder Ventures' new division is called Pathfinder Lifestyle Communities. It focuses on the acquisition and development of manufactured home communities (MHCs) to address housing shortages and affordability issues.

How many MHC units does Pathfinder Ventures (TSXV:RV) currently own and operate?

Pathfinder Ventures (TSXV:RV) currently owns and operates a 10-unit MHC as part of its Parksville Camp Resort operation.

What is the occupancy rate of Pathfinder Ventures' existing MHC in Parksville since 2020?

Pathfinder Ventures' 10-unit MHC in Parksville has maintained 100% occupancy since the company purchased the property in 2020.

What type of housing model does Pathfinder Lifestyle Communities use?

Pathfinder Lifestyle Communities uses a land-lease community model, where customers own their homes but lease the land from Pathfinder, who provides services to the residents.