Inland Venture Partners Acquires Arizona RV Resort

Inland Venture Partners LLC, the private equity real estate arm of Inland Real Estate Investment Corporation, announced that MH Ventures Fund II Inc. acquired a “four-star” recreational vehicle resort in Casa Grande, Arizona.

“We are thrilled to expand our footprint into the Phoenix Arizona MSA with this acquisition, completing the portfolio for IVP’s second manufactured housing offering that raised $160 million in capital,” said Rod Curtis, president of Inland Venture Partners. “This asset is well positioned for strong long-term performance due to favorable demographic demand drivers, a desirable location and limited competing housing options at an affordable price.”

Thirty minutes from Phoenix’s Sky Harbor International Airport, Inland says the senior community (restricted to residents aged 55 years and older) RV resort offers 125 RV sites, 80 of which are park models. The community features amenities such as a clubhouse, pool, spa, bocce ball, horseshoe pit, fire pit, BBQ grill station and dog park.

“Inland Venture Partners has transacted more than $200 million in 25 manufactured housing communities totaling more than 2,500 units across all its offerings,” commented Ravi Bansal, chief investment officer of IVP. “Manufactured housing has made homeownership dreams a reality for approximately 22 million Americans.”

The company’s portfolio is currently comprised of 13 manufactured home and recreation vehicle communities located in Arizona, California and Florida.

Inland Venture Partners offers closed-end, specified-asset funds to accredited investors seeking exposure to private equity real estate and focuses on opportunistic, value-add and development real estate strategies. Inland Ventures Partners is a part of The Inland Real Estate Group of Companies Inc., one of the nation’s largest commercial real estate and finance groups.

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