{"id":2594,"date":"2023-11-14T08:35:57","date_gmt":"2023-11-14T08:35:57","guid":{"rendered":"http:\/\/rvparkiq.com\/industry-insights\/?p=2594"},"modified":"2023-11-21T09:01:02","modified_gmt":"2023-11-21T09:01:02","slug":"dallas-firm-scoops-up-rv-park-for-24-million-in-deerfield-beach-fl","status":"publish","type":"post","link":"https:\/\/rvparkiq.com\/industry-insights\/dallas-firm-scoops-up-rv-park-for-24-million-in-deerfield-beach-fl\/","title":{"rendered":"Dallas Firm Scoops up RV Park For $24 Million in Deerfield Beach, FL"},"content":{"rendered":"


\n

\"Moore
Carter + Co.\u2019s Clayton Carter and 875 Northeast 48th Street in Deerfield Beach (LinkedIn, Google Maps)<\/figcaption><\/figure><\/p>\n

A Dallas-based firm is the new owner of a <\/span><\/span>R<\/span><\/span>ecreational <\/span><\/span>V<\/span><\/span>ehicle park in Deerfield Beach, amid an uptick in redevelopment of South Florida RV and mobile home complexes. <\/span><\/span><\/span><\/p>\n

Carter + Co., led by Clayton Carter, paid <\/span><\/span>$<\/span><\/span>24.1 million for the Highland Pines RV Resort at 875 Northeast 48th Street from an affiliate of Irving, Texas-based Moore Enterprises, according to records and real estate database Vizzda. The selling entity also has ties to Gerald Norman, Kenneth Malamed and Alan Lipman. <\/span><\/span><\/span><\/p>\n

Carter took out a $19.2 million mortgage on the property, as part of a larger $38 million debt cross-collateralized among three mobile home and RV park properties, records show.<\/span><\/span><\/span><\/p>\n

Highland Pines RV Resort has 421 lots and a pair of buildings that are 9,700 square feet, combined, across 25.4 acres, according to Vizzda. The buildings were completed in 1954 and 1995. <\/span><\/span><\/span><\/p>\n

The purchase breaks down to more than $57,000 per lot.<\/span><\/span><\/span><\/p>\n

Carter is a family office that invests in real estate, credit and other markets across the U.S., according to Clayton Carter\u2019s LinkedIn page. Clayton is also the founder and president of Dallas-based real estate investment firm Oak Wood Venturesm. He did not return a request for comment. <\/span><\/span><\/span><\/p>\n

South Florida RV and mobile home parks have caught developers\u2019 eyes. In June, Ram Realty Advisors filed a proposal to redevelop Biscayne Breeze Mobile Home Park at 11380 Biscayne Boulevard, and adjacent properties at 11320 and 11340 Biscayne Boulevard, near North Miami with a 400-unit multifamily project and roughly 50,000 square feet of retail.<\/span><\/span><\/span><\/p>\n

That came on the heels of David Mordekhay of Hollywood, as well as Tom Grinberg and Gary Otto of Miami, proposing a mixed-use megaproject on the Soar Mobile Home Park site at 8050 Northwest Miami Court in unincorporated Miami-Dade County. The development would consist of 3,990 multifamily units; 250,000 square feet of retail; 107,800 square feet of offices and 312 hotel keys. <\/span><\/span><\/span><\/p>\n

The uptick in mobile home park redevelopment could exacerbate South Florida\u2019s affordable housing crisis, as the residential communities offer much cheaper site rentals than market-rate apartment rents. At Biscayne Breeze, residents who pay an average monthly rent of $745 could be displaced, though they may qualify for relocation assistance.<\/span><\/span><\/span><\/p>\n

Source<\/span><\/span><\/span><\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A Dallas-based firm is the new owner of a Recreational Vehicle park in Deerfield Beach, amid an uptick in redevelopment of South Florida RV and mobile home complexes. Carter + Co., led by Clayton Carter, paid $24.1 million for the Highland Pines RV Resort at 875 Northeast 48th Street from an affiliate of Irving, Texas-based Moore Enterprises, according to records and real estate database Vizzda. The selling entity also has ties to Gerald Norman, Kenneth Malamed and Alan Lipman. Carter took out a $19.2 million mortgage on the property, as…<\/p>\n","protected":false},"author":8,"featured_media":2595,"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\/2594"}],"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=2594"}],"version-history":[{"count":2,"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/posts\/2594\/revisions"}],"predecessor-version":[{"id":2606,"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/posts\/2594\/revisions\/2606"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/media\/2595"}],"wp:attachment":[{"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/media?parent=2594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/categories?post=2594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/tags?post=2594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}