Investment Thesis
The outdoor recreation megatrend
The outdoor hospitality industry is experiencing a generational shift. RV ownership has hit record highs, with over 11 million U.S. households now owning an RV. The pandemic accelerated a trend that was already building: families and retirees are choosing outdoor travel experiences over traditional hotels, and that preference has proven durable.
The supply side has not kept pace. The majority of RV parks and campgrounds in the U.S. are still owned by small, independent operators who lack the capital, systems, and expertise to optimize their properties. This fragmented ownership creates a deep pipeline of acquisition opportunities for professional operators willing to invest in improvements.
Unlike traditional real estate, RV parks benefit from multiple revenue streams: nightly and monthly site rentals, cabin and glamping income, amenity fees, retail, and event hosting. This diversification provides resilience and multiple levers for NOI growth.
U.S. households that own an RV
Annual U.S. outdoor recreation economic impact
Of parks owned by independent operators
Sample Investment Profile
What $100,000 could look like
The following is a hypothetical illustration, not an actual offering or guarantee of returns. Actual results will vary.
Your Investment
Closing day, Year 0
Targeted Annual Cash Flow
Year 1
Early operations, seasonal ramp-up
Year 2
Site upgrades and pricing optimization
Year 3
New sites online, amenity revenue growing
Year 4
Near-stabilized, expanded capacity
Year 5
Stabilized operations, exit preparation
Total Distributions (Yrs 1-5)
Year 5 Exit
Return of Capital
Your original investment returned at sale
Sale Proceeds (Your Share)
Profit from property appreciation at exit
Total Return
Distributions + return of capital + sale proceeds
2.2X Equity Multiple
This illustration is for educational purposes only and does not represent an actual or projected investment. Targeted returns are not guaranteed. Actual results will differ materially. Past performance is not indicative of future results. Distributions are targeted, not guaranteed, and may vary.
Our Experience
Lending and operating in outdoor hospitality
Requity Group has been active in the RV park and campground space through both our lending and equity platforms. We have originated bridge loans for RV park acquisitions, expansions, and repositioning projects, giving us deep insight into what makes these properties succeed and where operators run into trouble.
Our underwriting approach for RV parks is informed by this lending experience. We understand seasonal cash flow patterns, infrastructure replacement costs, and the capital requirements for site expansion. When we present a syndication opportunity, the business plan has been stress-tested against what we have seen across dozens of RV park transactions.
FAQ
RV park & campground questions
The outdoor recreation industry generates over $1 trillion annually in U.S. economic impact. RV ownership has grown significantly, with over 11 million households now owning an RV. The supply of quality parks has not kept pace with demand, creating favorable pricing dynamics. RV parks also offer multiple revenue streams (site rental, cabins, glamping, amenity fees, retail) and lower capital expenditure requirements compared to traditional real estate.
Many RV parks generate the majority of revenue during peak season (typically April through October in most markets). Our strategy accounts for this by targeting parks with extended season potential, adding long-term and annual sites to create year-round base income, and pricing the acquisition based on realistic seasonal revenue. We also target markets with milder climates or strong winter snowbird demand to reduce seasonality risk.
Our typical approach includes upgrading sites from partial to full hookup (water, sewer, electric), adding premium site types (pull-through sites, glamping units, cabins), implementing dynamic and seasonal pricing, improving amenities (pools, playgrounds, Wi-Fi, dog parks), expanding the total number of sites on underutilized acreage, and professionalizing operations with modern reservation systems and marketing.
Key risks include weather and seasonal dependence, environmental and zoning regulations, competition from new park development, changes in fuel prices affecting RV travel, deferred infrastructure maintenance, and the operational complexity of running a hospitality business. We mitigate these through conservative underwriting that stress-tests revenue assumptions, thorough physical due diligence, and active hands-on management.
The terms are often used interchangeably, but generally an RV park focuses on accommodating recreational vehicles with hookup sites, while a campground may include tent sites, cabins, and other lodging types. Many properties are hybrid operations. Our investment strategy targets both, with a focus on properties where we can add value through site improvements, amenity additions, and revenue optimization regardless of the specific classification.
Important Disclosures: Requity Group LLC is not registered as an investment adviser. Interests in individual syndications are offered under separate offering memoranda pursuant to Regulation D and have not been registered under the Securities Act of 1933. Syndication investments are speculative, illiquid, and involve risk of loss including total loss of capital. Target returns, illustrative economics, and industry statistics are not guaranteed and may not reflect current conditions. Past performance is not indicative of future results. Consult your tax, legal, and financial advisors before investing.
Requity Group LLC | 401 E Jackson St, Suite 3300 | Tampa, FL 33602