Luxury RV Parks Becoming ‘Booming Sector of Real Estate’

August 18, 2023

RREAF Holdings announced Wednesday a $157 million deal to acquire and redevelop five RV parks in the southern United States, along with plans for a second round of acquisitions and redevelopment this year for $550 million.

Those figures include the purchase price and the cost of a “vast” upgrade in high-end, resort-style amenities, said RREAF Holdings’ Chief Investment Officer Graham Sowden. “It’s designed to be an amusement park or summer camp-type feel for families.”

The ambitious plan is starting with the acquisition of five parks in Texas, Alabama and Florida.  RV-Pro