Oak Brook, Ill. – Inland Real Estate Acquisitions, LLC (“Inland Acquisitions”) announced today that it negotiated and closed the purchase of Desert Vista RV Resort (“Desert Vista”), a 62-site recreational vehicle (“RV”) resort in Mesa, Arizona. Mark Cosenza, senior vice president of Inland Acquisitions, with assistance from David Neboyskey, VP and associate counsel of The Inland Real Estate Group, LLC, Law Department, completed the transaction on behalf of an Inland affiliate.
Desert Vista is located at 124 South 54th Street and is comprised of 25 park models, 22 annual rental sites and 15 monthly rental sites. The gated 55+ adult community boasts a number of amenities including a clubhouse, a heated pool and spa, a fitness center and an on-site laundry facility.
“Mesa is a strong market for resort RV parks and manufactured housing communities like Desert Vista,” commented Mark Cosenza. “Increased demand for this asset class, coupled with Desert Vista’s proximity to local grocery stores, a number of service-based businesses and Phoenix Sky Harbor International Airport, made this another attractive acquisition for Inland.”
Annual sites at Desert Vista were 96 percent occupied at closing.
Since inception, Inland Acquisitions has facilitated more than $55 billion of purchases across all asset types, with a more recent focus on student housing, multifamily, self-storage, senior living and manufactured housing communities.
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About Inland Real Estate Acquisitions, LLC
Inland Real Estate Acquisitions, LLC assists in identifying potential acquisition opportunities, negotiates acquisition-related contracts and acquires real estate assets for the various entities that are a part of The Inland Real Estate Group of Companies, Inc., one of the nation’s largest commercial real estate and finance groups, which is comprised of independent legal entities, some of which may be affiliates, share some common ownership or have been sponsored and managed by such entities or subsidiaries thereof (collectively, “Inland”). For additional information, please refer to Inland’s website at www.inlandgroup.com.
