Gulf Breeze Resort, an RV park located on County Road 6 in Gulf Shores, has sold to a real estate development firm from Dallas. RREAF Holdings LLC acquired five RV parks in Alabama, Florida and Texas for $157 million, the company said Wednesday. They did not disclose the amount paid for each location.
The resort communities include:
- Mobile West, Theodore, AL
- Gulf Breeze, Gulf Shores, AL
- Bay Palms, Coden, AL
- Lavendel Resort, Fredericksburg
- Wildwood, Wildwood, FL
The Dallas-based real estate development firm is making a massive investment in RV properties. RREAF said it plans to acquire a second collection of RV parks this year for an expected $550 million.
As of 2021, RV ownership had increased 62% in 20 years with a record 11.2 million households, according to the RV Industry Association. “For years, we have seen the demand for more RV parks across the U.S. grow,” said Chief Investment Officer Graham Sowden. “Between homeowners looking to change up their housing lifestyles to individuals wanting the comfort of their own home while they’re on the road, RV parks have become a booming part of the ever-growing real estate sector.”
Lower Baldwin County currently has over 60 Campgrounds / RV Parks.
