Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Texas  + Dallas-Fort Worth  + Hospitality  | 
RREAF buys Fredrickson's Lavendel Resort

RREAF Buys Five RV Parks, Shooting for More

Dallas-based RREAF Holdings has acquired five RV parks, one in Texas, with a total capitalization of $157 million. The acquisition includes the Lavendel Resort in Fredericksburg, Texas. 

The firm plans to develop additional pads and upgrade the parks’ existing amenities, which include entertainment facilities, including, resort-style pools, lazy rivers, rope courses, fitness centers and cabins. 

RREAF plans to acquire a second tranche of RV parks this year with an anticipated total capitalization of $550 million. 

Since 2001, there has been a 62% increase in RV ownership in the U.S. There are 11.2 million households that own an RV.

With the growing demand, RREAF CEO Kip Sowden said the firm is ready to capitalize on the industry, “The RV sector has astonishing growth opportunities stimulated by the economy and the evolution of remote work and school options”.

Connect Texas Multifamily 2023 will take place on Aug. 22, 2023 at Virgin Hotel in Dallas. Click here for more information and to register.


Inside The Story

Kip Sowden

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Sale/Acquisition
New call-to-action