St. Augustine firm buys Ocala RV resort for $33M - Jacksonville Business Journal

St. Augustine-based real estate investment firm DLP Capital has acquired a high-end RV resort in Ocala with plans to develop a restaurant, general store and an outdoor community area at the site.

The Ocala North RV Resort spans 73 acres and consists of 385 sites for RVs and cottages, according to a press release. Citing a study conducted by research firm Ipsos, DLP Capital sought to invest in RV parks at a time when more than 11.2 million households in the U.S. own an RV, up 62% from 20 years ago.

The resort features the state's largest groomed dog park, pickleball and shuffleboard areas, and bocce ball courts, the release said. DLP Capital will upgrade some amenities and add more cottage accommodations, CEO Don Wenner said. “RV resorts are an emerging asset class for investment with tremendous untapped value given prolific growth in the RV leisure market,” Wenner said. “America has changed the way it travels with the return of the road trip becoming increasingly popular, without the hassles of planes and trains. RV resorts are especially appealing to those interested in active outdoor getaways, and DLP Capital is refining the RV experience with amenity-driven resorts.

DLP Capital has also developed Island Oaks RV Resort near Jacksonville, which opened in 2022 and includes 385 RV pads.

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