RREAF Holdings expands, buys Alabama RV parks

Looking to expand its reach, a Dallas-based commercial real estate firm has ventured into the outdoor living sector.

RREAF Holdings has acquired five RV parks, with a total capitalization of $157 million. The acquisition includes Mobile West, Gulf Breeze and Bay Palms RV parks in Alabama, Lavendel Resort in Fredericksburg, Texas, and Wildwood in Florida. 

Terms of the deals were not disclosed. 

The firm plans to develop additional pads and upgrade the parks’ existing amenities, which include entertainment facilities, including, resort-style pools, lazy rivers, rope courses, fitness centers and cabins. 

Click the gallery below for a closer look at RREAF’s newly acquired RV parks.

RREAF plans to acquire a second tranche of RV parks this year with an anticipated total capitalization of $550 million. 

Since 2001, there has been a 62% increase in RV ownership in the U.S. There are 11.2 million households that own an RV, according to RVI Industry Association.

With the growing demanding, RREAF CEO Kip Sowden said the firm is ready to capitalize on the industry.

“The RV sector has astonishing growth opportunities stimulated by the economy and the evolution of remote work and school options,” Sowden said in a prepared statement. “RREAF Outdoor Living will capitalize on this booming sector of real estate for decades to come. With best-in-class management and highly amenitized options for our guests, we are creating a new segment in the outdoor living space and plan on being a significant player as we help it evolve.”

RREAF estimates the firm’s branding will be in place across all parks about 12 months after takeover. As part of a five-year plan, the firm is also finalizing construction plans and hiring on-site staff. 

“We realize that a lot of people are looking to downsize their homes and have an adventure at the same time,” Jason Cherry, partner at RREAF, said in a prepared statement. “RREAF Outdoor Living parks will supply much-needed additional pads with highly amenitized options to cater to the demand.”

The growing trend of RV use is also being capitalized on by a Shelby County landowner. An 800-stall boat and RV storage complex is coming to Shelby County in land off of U.S. Highway 280.

The parks are expected to be finished and operating at total capacity between mid-2025 and early 2026.