Tropical Trails RV Resort in Brownsville, Texas, includes 250 sites on 165 acres.
The NAI Outdoor Hospitality Brokers team from left to right: Jesse Pine, Maria Piper, Bob Kaplan, Alyssa Haskel and Sean Wood.
NAI Outdoor Hospitality Brokers has announced a few recent park closings that the company has been a part of. Led by Bob Kaplan, the firm is based in Basalt, Colo., and features more than 27 years of outdoor hospitality industry experience.
The Oasis RV Resorts Portfolio closed on July 18. The buying entity was Lifestyle Asset Management, LLC — a division of Roberts Resorts — and the seller entities were Durango RV Park LP and Oasis RV Park Holdings, LP. Bob Kaplan with NAI Outdoor Hospitality Brokers represented the seller and the buyer was unrepresented.
Oasis RV Resort & Cottages in Durango, Colo., has a total of 126 units and is on +/-17 acres. Oasis RV Resort & Cottages Amarillo, in Amarillo, Texas, has a total of 189 units and is on +/-24 acres and offers expansion opportunities.
“Oasis Durango and Oasis Amarillo is an exciting opportunity for the buyer, Roberts Resorts, to acquire two well-positioned properties in strong Southwest markets with operational upside and some expansion opportunity,” noted Kaplan. “The properties also fit in well geographically with the buyer’s existing portfolio.”
Roberts Resorts recently released some details on what it expects to do with both properties. Read more by clicking here.
Other closings that have taken place recently include:
Tropical Trails RV Resort in Brownsville, Texas, which includes 250 sites on 165 acres. The resort was built in 2019 and the Houston-based buyer of the park, Jet Stream Communities, is currently developing other RV parks in Texas. The park does have the ability to expand and current amenities feature two pavilions, two bathhouses, BBQ pits, a heated swimming pool and more.
“Tropical Trails RV Resort is an outstanding example of a newly built Class A destination RV resort,” noted Jesse Pine, who represented the seller for NAI. “The seller and his partners built and operated a quality asset that quickly became the high-end flagship RV resort in the Rio Grande Valley. The buyers, Jetstream Communities, owned by parent company City Street Properties, are thrilled to own the asset. The company has plans to develop the park further on the 45 acres of additional entitled expansion land and add a few upgrades to the existing park. Tropical Trails fits well with the existing portfolio of other RV resorts Jet Stream owns and operates.”
Cabin Creek Campground in Jacksonville, N.C., is a 90-site long-term stay RV park. It was sold to Requity, which is a commercial real estate firm.
“Cabin Creek Campground is a well-established extended stay RV park,” noted Sean Wood, who represented the seller for NAI. “It fits Requity’s portfolio perfectly, with potential operational improvements.”
To learn more about NAI Outdoor Hospitality Brokers and to see recent listings, click here.
