Turnstone Group, Blue Vista Capital to Acquire RV Parks
August 10, 2021
Turnstone Group, a leading RV park investor in the United States, announced a joint venture today (Aug. 10) with Blue Vista Capital Management, a Chicago-based real estate investment manager, to recapitalize its 8-property RV park portfolio and provide substantial growth capital.
The new partnership will pursue up to $200 million of new acquisitions and development opportunities in the RV park and outdoor hospitality arena, according to a release. The venture will build on Turnstone’s reputation as one of the preeminent owners of RV parks in the U.S., while continuing to enhance the outdoor hospitality experience for its customers. IVEE Group, a best-in-class RV park property management firm, will manage the portfolio. RVBusiness