> SUBSCRIBE FOR FREE! 

An affiliate of Carlyle Property Investors has spent $72 million to acquire the Citrus Park mobile home and RV park in Bonita Springs, Fla., in one of the largest multifamily rental transactions in southwest Florida in the past five years, according to the Business Observer.

CPI Citrus Park Owner LLC, an affiliate Carlyle Property Investors that is a subsidiary of the giant Washington, D.C.-based investment firm Carlyle Group, bought the 420-acre property from Trost International Inc., Lee County property records indicate.

Citrus Park-Trost International developed the 1,536-unit community, which contains various recreational amenities such as swimming pools, tennis and shuffleboard courts, softball field and a golf driving range, beginning in the 1970s.

Neither Carlyle officials nor executives from Murex Properties, the Fort Myers-based firm that manages the manufactured home and Rv rental park, returned telephone calls for comment on the acquisition.

In addition to more standard amenities, the gated property also contains a recreation hall where weekly dances are held for residents and visitors and a clubhouse that hosts various activities, according to Citrus Park’s website.

Citrus Park’s 563 mobile homes and RV rental spots generate annual revenue of about $2.55 million, according to figures compiled by research firm Dun & Bradstreet.

For 2019 and 2020, a six-month RV site rents for $3,700, according to Citrus Park’s website.

To read more click here.