{"id":2559,"date":"2023-08-10T16:50:46","date_gmt":"2023-08-10T16:50:46","guid":{"rendered":"http:\/\/rvparkiq.com\/industry-insights\/?p=2559"},"modified":"2023-11-01T16:51:10","modified_gmt":"2023-11-01T16:51:10","slug":"texas-firm-acquired-gulf-shores-rv-park-in-gulf-shores-al","status":"publish","type":"post","link":"https:\/\/rvparkiq.com\/industry-insights\/texas-firm-acquired-gulf-shores-rv-park-in-gulf-shores-al\/","title":{"rendered":"Texas Firm Acquired Gulf Shores RV Park in Gulf Shores, AL"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\n<img loading=\"lazy\" class=\"aligncenter\" src=\"https:\/\/lirp.cdn-website.com\/b44e0cd2\/dms3rep\/multi\/opt\/gulf+breeze+rv+resort-1920w.jpg\" alt=\"gulf shores news rv park sells\" width=\"555\" height=\"416\" \/><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">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.<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">The resort communities include:<\/span><\/span><\/span><\/p>\n<ul>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Mobile West, Theodore, A<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">L<\/span><\/span><\/li>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Gulf Breeze, Gulf Shores, A<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">L<\/span><\/span><\/li>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Bay Palms, Coden, A<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">L<\/span><\/span><\/li>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Lavendel Resort, Fredericksburg<\/span><\/span><\/span><\/li>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Wildwood, Wildwood, F<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">L<\/span><\/span><\/li>\n<\/ul>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">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.<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">As of 2021, RV ownership had increased 62% in 20 years with a record 11.2 million households, according to the RV Industry Association. \u201cFor years, we have seen the demand for more RV parks across the U.S. grow,\u201d said Chief Investment Officer Graham Sowden. \u201cBetween homeowners looking to change up their housing lifestyles to individuals wanting the comfort of their own home while they\u2019re on the road, RV parks have become a booming part of the ever-growing real estate sector.\u201d<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Lower Baldwin County currently has over 60 Campgrounds \/ RV Parks.<\/span><\/span><\/span><\/p>\n<p><a href=\"https:\/\/www.gulfshoresnews.com\/gulf-shores-rv-park-acquired-by-texas-firm\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"text-decoration: underline;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Source<\/span><\/span><\/span><\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.&hellip;<\/p>\n","protected":false},"author":8,"featured_media":2560,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[25],"tags":[],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/posts\/2559"}],"collection":[{"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/comments?post=2559"}],"version-history":[{"count":2,"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/posts\/2559\/revisions"}],"predecessor-version":[{"id":2562,"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/posts\/2559\/revisions\/2562"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/media\/2560"}],"wp:attachment":[{"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/media?parent=2559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/categories?post=2559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/tags?post=2559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}