CBRE Selected To Market 11-Property Rv Resort Portfolio In Houston And San Antonio, TX

11/1/17

CBRE Capital Markets has been exclusively retained by GRDM Management, a Houston-based firm specializing in the development and management of RV resorts, to market its portfolio of 11 RV resorts. Ten of the RV resorts are located throughout the Greater Houston area, and the remaining property is in San Antonio.

The resorts are built to A+ quality standards and comprise 2,335 pads across the portfolio. The resorts each offer an amenity package that includes private lakes stocked with fish, clubhouses with exercise facilities, activity centers, business centers, and heated swimming pools with outdoor grills and cabanas.

David Aaronson with CBRE Capital Markets’ Debt & Structured Finance team is marketing the 11-property RV portfolio for sale.

The resorts boast locations that are in proximity to the numerous employment sectors that form the basis of the Houston economy. Subject sites are located near major airports, the Texas Medical Center, the Port of Houston, the Energy Corridor, and the downstream energy firms.

The RV industry has experienced tremendous growth over the past two decades. Presently, there are approximately nine million RV owners in the U.S. The growth is attributed to the aging population, the high cost of family travel, and the high cost of housing.

Houston continues to add one million people to the population base every seven years and as the region’s population increases there will continue to be additional demand for affordable housing.

Tourism is a key source of demand for the resorts—Houston is one of the largest tourist destinations in the country with over 17.5 million visitors per year. The RV resorts also offer options for residents looking for affordable housing.

The portfolio is the largest singularly owned portfolio of RV resorts in the city of Houston and the current owner has the largest share of the RV market in Houston.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

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