FOR IMMEDIATE RELEASE
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Atlanta, GA – March 10, 2017 – Turnstone Group has acquired the Gulf Coast 5 Star RV Resort near the refinery hub of Freeport, TX. The resort is best-in-breed in the submarket, with 126 RV pads, ample amenities and close proximity to industrial jobsites nearby. Turnstone intends to improve on the resort’s already market-leading reputation by implementing a comprehensive capital improvement plan targeted at improving the overall guest experience.
“We feel that RV resorts 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 RV resort space, and seek to make further acquisitions in the $3 to 20+ million range.” stated Turnstone’s Mark Battleson.
Turnstone Group owns 6 other resorts located in New Mexico, Missouri, Texas, and Florida, and is actively seeking additional RV resort acquisitions across the United States.
About Turnstone Group
Turnstone Group, an Atlanta based real estate and real estate related investment manager, employs an investment approach focused on investing in misunderstood or special situations across a variety of traditional and non-traditional asset classes and where it sees compelling opportunities for value enhancement. For more information visit: www.turnstonegroup.com.