Overview
In 2018, 52TEN acquired Safford RV Resort, a 92-space park in Safford, Arizona, with the goal of transforming it into a high-quality community that could deliver strong investor returns. The strategy focused on installing professional management, implementing state-of-the-art software systems, and completing capital improvements neglected by prior ownership. These efforts quickly stabilized operations and enhanced resident experience while driving meaningful improvements in net operating income (NOI). Within two years, 52TEN successfully sold the property to a California buyer executing a 1031 exchange, exceeding its conservative profit projections. The Safford RV Resort project reflects 52TEN’s disciplined approach to acquiring underperforming mobile home and RV parks in fundamentally solid locations, then repositioning them into higher-quality assets. The outcome highlights the firm’s ability to deliver recession-resistant, income-generating results while maintaining its investor-first philosophy and long-term focus on stability and value creation.
Accepted Investors
Accredited
Non-Accredited
Raise Close Date
3/6/2020
Regulation Type
506B
Deal Type
Syndication
Asset Location(s)
Arizona
Asset Class(es)
RV Parks