Forrest Street Partners acquires Johnny’s RV Park in Mobile, Ala.
“We want to keep improving the park to provide a great experience for our customers.” Todd Baldree, Forrest Street partner.
MOBILE, Ala. (PRWEB)
May 24, 2021
Forrest Street Partners now owns two RV parks in Alabama, having acquired Johnny’s RV Resort, located in Theodore, near Mobile. The RV resort has 165 sites and seven cabins, as well as a commercial building and a pavilion with other tenants.
The boutique real estate company plans to invest in the park by adding five additional cabins and 15 additional motorhome sites. “We want to build on the great work done by the previous owner and continue to improve the park to provide a great experience for our customers,” said Todd Baldree, Forrest Street partner.
Forrest Street has already started construction of the new cabins. Plans also include a new public bath, entry and exit doors, updated Wi-Fi and security systems, and possibly a new name and brand.
Johnny’s RV Resort caters primarily to temporary and long-term campers who work locally. The Theodore / Mobile metro area has seen an increase in jobs as the Alabama coast expands and the Port of Mobile undergoes a deepening and widening that will expand economic opportunities throughout the region and state.
With RV travel also enjoying a huge surge in popularity recently, Forrest Street sees an opportunity to serve full time RVers who live and work in their campers as well as travelers.
“We love the Alabama coast and the potential of Mobile,” Baldree added. “Growth in Baldwin County, Orange Beach, Fairhope and Gulf Shores on the east side of the bay is creating the need for more housing for the workforce. Our vision for this resort is to continue serving people in need of housing as the previous owner did an incredible job for this group. And we see the potential, with the nearby Interstate 10 corridor, to extend the reach of the park to RV travelers. “
Another job creator will be the recently announced South Alabama Logistics Park, an industrial development less than a mile from Johnny’s RV Resort that will span 1,300 acres and create more than 1,000 jobs. Forrest Street also owns Bay Palms RV Resort which serves seasonal visitors to Dauphin Island, Ala.
About Forrest Street Partners
Forrest Street Partners is a boutique real estate investment firm. Headquartered in Roswell, Georgia, the company is focused on identifying, repositioning and operating RV parks, manufactured home communities and retail properties in the Southeast. The entrepreneurial team seeks value-added opportunities to provide investors with high returns by leveraging progressive thinking, collaborative decision-making, an organized network of resources and diverse individual backgrounds. The Forrest Street team has decades of experience in lending, acquisitions, construction, repositioning, sales and leasing. Find more information on https://forrest-street.com/
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