July 28, 2017
Yuma, AZ – 52TEN, a mobile home and RV park investment firm, is pleased to announce the acquisition of Oasis Gardens, a 147-space senior RV resort located in west Yuma. The firm acquired the property with a combination of private equity and local bank debt. This was an off-market transaction, acquired from a private owner in Seattle, Washington.
52TEN, a Scottsdale based company is led by the team of Jack Martin, and Nate Pattee.
“We are excited to begin work on the park,” says Nate, Principal at 52TEN, “Oasis Gardens will be transformed from what is already a good quality park to a top tier RV resort. We intend to build on the existing culture at the park, while making improvements that will upgrade the experience everyone living here.”
Oasis Gardens is often referred to as “the OG RV Resort” and is located in West Yuma, just minutes from historic downtown and numerous hotspots. The property was selected for acquisition because it offers a rare combination of both value-add opportunity and stability in the same asset, which makes it appropriate for a longer-term hold.
Oasis Gardens fits perfectly into 52TEN’s strategic target market niche focus of acquiring underperforming mobile home and RV parks, in fundamentally good locations, and turning them into higher quality properties. With a longer-term strategy in place, 52TEN will simultaneously achieve stable cash flow and the potential for significant profit for the partnership.
52TEN partners with qualified investors in mobile home park and RV park investments. Their recession-resistant real estate strategy is designed to provide protection, predictable income, and peace of mind through volatile market cycles.
“This strategy is a conservative solution for times of economic volatility,” says Jack, “It’s an alternative that most people have not heard of, yet it’s one of the smartest defensive strategies in real estate.”
52TEN combines lower-risk, income-generating real estate with an investor-centric model and a disciplined business approach. 52TEN is focused on “experience” across all facets of the business, to include the residents and staff at the parks, their contractors and employees, and their investor partners, all of which should expect to receive best experience they’ve ever had.
This content is the perspective of the author and is not intended to be relied upon as a forecast, recommendation or investment advice, and is not an offer or solicitation to buy any securities or to adopt any investment strategy. The information and opinions contained in this content are derived from experience, historic data, and other sources deemed to be reliable, are as of the date of this content, and may change as subsequent conditions vary.
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