FOR IMMEDIATE RELEASE
+1 404 477 6178
Rockport, TX – September 9, 2016 – Turnstone Group has acquired the Circle W RV Resort in the year-round fishing, summer-Gulf and winter-Texan haven of Rockport, Texas, 30 miles northeast of Corpus Christi. The resort is one of the largest in a region, with 285 RV and MH pads, large amenity spaces and expansive grounds. Turnstone intends to immediately implement a capital and market repositioning plan that will benefit the value-oriented resort community greatly.
“We feel that RV parks offer a strong value proposition to their targeted customers, and that they are an attractive asset class with positive market dynamics. We have spent significant time understanding the fundamentals of the mobile home and RV park spaces, and seek to make further acquisitions in both assets classes in the $3 to 20+ million range.” stated Turnstone’s Mark Battleson. Turnstone Group also owns the Panama City RV Resort in Panama City Beach, Florida, and is actively seeking additional RV and MH park acquisitions across the United States.
About Turnstone Group LLC
Turnstone Group LLC is a real estate investment management company employing an opportunistic investment approach focused on investing in distressed, misunderstood, and under-capitalized situations across a variety of traditional and non-traditional asset classes. Since 2011, Turnstone has completed transactions with over 40 separate financial institutions and scores of sponsors throughout the United States and Spain. For more information visit our website at www.turnstonegroup.com