Blue Water Announces New Partnership with RREAF Holdings to Manage Four RV Resort Properties
Ocean City, MD - June 25, 2024 - Blue Water, a leader in outdoor hospitality, is delighted to announce its recent partnership with RREAF Holdings, a prominent Texas-based hospitality company. Effective June 1, Blue Water took over the management of four new RV resort properties for RREAF Holdings.
RREAF Holdings, with $4.5 billion in assets under management, selected Blue Water for its proven expertise in property management. This collaboration aims to elevate the guest experience and optimize operational efficiency across RREAF Holdings’ resort portfolio. The alignment of Blue Water’s commitment to exceptional service with RREAF Holdings’ dedication to unparalleled hospitality sets the stage for a successful partnership.
Kip Sowden, Chairman and CEO of RREAF Holdings, expressed his excitement about the collaboration, stating, “We are thrilled to announce our partnership with Blue Water as our exclusive property management company. Their dedication to excellence and industry knowledge make them the ideal partner to oversee the operations of our resorts.”
RREAF Holdings is working alongside Blue Water in the design and redevelopment of the existing parks to provide an elevated camper experience. RREAF Holdings has committed significant capital to deliver high-quality padded sites, resort-style pools, outdoor community gathering areas (including pavilions and pickleball courts), and best-in-class laundry and bathhouse facilities at all of their RV communities.
The four properties - Wildwood RV Village, Gulf Breeze RV Resort, Bay Palms RV Resort, and Mobile West RV Resort - are strategically located in Alabama and Florida, offering a range of on-site amenities and easy access to attractions like Gulf Shores Beach, and Dauphin Island. Rafael Correa, President, and CFO at Blue Water, emphasized the significance of this opportunity, stating, “These properties provide the complete RV experience that all campers and travelers deserve. We are excited to infuse the Blue Water touch into these sought-after properties.”
About Blue Water:
Founded in 2002, Blue Water specializes in investing, developing, and managing RV resorts, campgrounds, hotels, and attractions. With dozens of resort-area properties across the USA, the Blue Water family is committed to creating elite assets, delivering exceptional guest experiences, and enhancing the communities we serve. To learn more, visit BWDC.com. LinkedIn | Facebook
About RREAF Holdings
RREAF Holdings LLC (“RREAF”) is a privately held, vertically integrated commercial real estate company based in Dallas, Texas, with roots that go back 37 years in the industry. RREAF focuses its portfolio of commercial real estate projects and development under five main divisions catering primarily to middle America with its programmatic value-add multifamily acquisitions, opportunistic hospitality and resort acquisitions, core ground-up development, large and highly amenitized master planned developments, acquisition / re-development of RV Resort Communities, Student Housing, and its ground-up extended stay hospitality development division.
RREAF and its subsidiary companies employ over 450 people directly and many thousand indirectly, mainly across the Sun Belt region, handling a wide range of commercial real estate investment matters, including in-house underwriting, due diligence, capital markets, acquisition, asset management, property management, construction management, project development, accounting, and legal support. RREAF and its debt and equity partners have built a diversified portfolio in its core competencies in excess of $4.5 billion in assets under management, across 15 states. Winner of the 2021 and 2022 Multifamily Operator of the Year Award and selected as an Optigo® 2022 and 2023 Select Sponsor, RREAF values its impact on local communities. RREAF’s mission is to enhance the lives of its investors, partners, residents, and guests by providing outstanding service, excellence, and expertise with integrity, vision, values, and purpose. For more information, please visit www.rreaf.com.