Equity LifeStyle Properties, Inc. (ELS) acquired two properties, Victoria Palms Resort and Alamo Palms, in the Rio Grande Valley, Texas.
The two properties contain approximately 1,765 sites on approximately 175 acres for a stated purchase price of $25 million. The company funded the purchase price with available cash.
Victoria Palms is an age-restricted, 1,122-site property with 270 manufactured home sites and 853 RV sites.
Alamo Palms is an age-restricted, 643-site property with 293 manufactured home sites and 350 RV sites. The acquisition will compliment ELS’ South Texas portfolio of eight properties and 5,100 sites and further strengthen its presence in the market.
Equity LifeStyle Properties, Inc. (ELS)
Equity LifeStyle Properties (ELS) is a leading operator of manufactured home communities, RV resorts and campgrounds in North America and currently owns or has an interest in 383 properties in 32 states and British Columbia consisting of 142,679 sites.
ELS offer beautiful communities and parks in the most desirable locations, while offering various homes and camping options to meet a wide variety of our customers’ needs.
The company is a self-administered, self-managed, real estate investment trust (REIT) with headquarters in Chicago.
Through Encore and Thousand Trails ELS has operations in Alabama (1), Arizona (31), British Columbia (1), California (22), Colorado (3), Florida (33), Illinois (3), Indiana (5), Kentucky (20), Maine (5), Massachusetts (3), Michigan (3), Nevada (4), New Hampshire (2), New Jersey (3), New York (5), North Carolina (8), Ohio (2), Oregon (6), Pennsylvania (11), South Carolina (2), Tennessee (2), Texas (17), Utah (1), Virginia (5), Washington (14), Wisconsin (5)
RVontheGO is your passport to campsites and cabins at over 170 Encore and Thousand Trails campgrounds and RV resorts across the United States.
Address: Two North Riverside Plaza, Chicago, Illinois 60606
Phone: (800) 274-731
ELS Website: equitylifestyle.com
RVontheGO Website: rvonthego.com
Thousand Trails Website: thousandtrails.com
Alamo Palms is a beautifully landscaped 58-acre age-qualified community offering 292 manufactured home sites and 352 RV and park model sites for both permanent and seasonal residents. Amenities include free cable TV and high-speed Internet at site, game room with pool tables, tennis and shuffleboard courts, swimming pool and heated spa, club house, and two large ballrooms.
Address: 1341 West Business Highway 83, Alamo, TX 78516
Phone: (800) 780-7571
Victoria Palms Resort
Victoria Palms Resort is a premier age-qualified RV resort and manufactured home community catering to those 55 years and older. Located in Donna, Texas, the gated resort offers guests a lush, beautifully landscaped environment and a wonderful community spirit.
Victoria Palms has over 850 concrete pull-through and back-in sites with full hookups, 25 fully furnished cottages, over 300 manufactured home sites, 20 hotel rooms, and 100 suites. Amenities include free satellite TV and high-speed Internet at site, 10,000 square foot activity building, 35,000 square foot central clubhouse, 12,000 square foot ballroom, fitness center, tennis courts, large swimming pool, restaurant, and a variety of activities.
Address: 602 N. Victoria Road, Donna, TX 78537
Phone: (956) 464-7801 or (800) 551-5303 (toll free)
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