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Atlanta, GA – March 1, 2017 – Turnstone Group has acquired four RV Resorts across the United States, including the following: Navarre Campground in Navarre, FL; Gulf Pines KOA in Milton, FL; American RV in Albuquerque, NM; and Basswood Resort in Kansas City, MO. The acquisition highlights Turnstone’s continued momentum in the RV Resort industry, adding approximately 640 RV pads and 90 rental units to its growing national platform. Turnstone intends to implement a value enhancement plan, including capital improvements and a market positioning strategy that will improve the portfolio’s desirability by delivering a superior product and value to its customers.
“This acquisition offers Turnstone the opportunity to expand its RV resort portfolio through properties that complement our current holdings and expand our footprint. We continue to actively seek similar acquisitions in the $3 to $20+ million range.” commented Turnstone’s Mark Battleson
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.