RREAF Holdings Plans Expansion into Outdoor Living Platform – RVBusiness – Breaking RV Industry News

DALLAS – RREAF Holdings LLC, a private real estate development firm, today announced in a press release the launch of its fifth platform: Outdoor Living.

The company has completed the acquisition of five RV parks with a total capitalization of $157 million. The properties are located in Alabama, Florida, and Texas. RREAF plans to develop additional pads and upgrade existing amenities. RREAF is planning an acquisition of a second tranche of RV parks this year, at an anticipated total capitalization of $550MM.

RV ownership has risen over the past two decades, with 11.2 million RV-owning households but only 1.7 million pads with necessary services like water, sewer, and power. With the RV industry expected to nearly double in value to $64 billion by 2024 and over $88 billion by 2028, the new RREAF platform is positioned to deliver well-located, high-quality, highly amenitized outdoor living properties catering to middle America.

“The RV sector has astonishing growth opportunities stimulated by the economy and the evolution of remote work and school options,” said Kip Sowden, CEO of RREAF Holdings. “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.”

Amenities across the parks include resort-style pools, lazy rivers, rope courses, fitness centers, outdoor games, family entertainment facilities, deluxe cabins, golf carts, water slides, basketball courts, pickleball courts, converted “glamping” tiny homes/cabins, mini golf, fire pits, outdoor kitchens, dog parks, onsite laundry, playgrounds, onsite boat and trailer storage, lakes for fishing, zip lining, marinas, and more.

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

As part of a five-year plan, RREAF is finalizing site and construction plans, RREAF estimates the branding will be in place across all parks approximately 12 months after takeover. During this time, RREAF will hire and prepare onsite staff, as construction for all the parks is expected to be completed and operating at total capacity between Q2 2025 to Q1 2026.

“For years, we have seen the demand for more RV parks across the U.S. grow. Between homeowners looking to change up their housing lifestyles to individuals wanting the comfort of their own home while they’re on the road, RV parks have become a booming part of the ever-growing real estate sector,” said RREAF Holdings’ Chief Investment Officer Graham Sowden. “With the launch of RREAF Outdoor Living, we are taking RV parks to a new level. RREAF Holdings is committed to growing this platform for our guests and our investors.”

For information, please visit: https://rreaf.com/.

Source: https://rvbusiness.com/rreaf-holdings-plans-expansion-into-outdoor-living-platform/