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RREAF Holdings Announces Expansion into Outdoor Living Platform
RREAF Holdings successfully closes the first tranche of RV Parks with a total capitalization of $157 million
DALLAS /PRNewswire/ — RREAF Holdings LLC, a private real estate development firm, today announced the launch of its fifth platform: Outdoor Living. The company has completed the acquisition of five RV parks with a total capitalization of $157 million. The properties are located in Alabama, Florida, and Texas. RREAF plans to develop additional pads and upgrade existing amenities. RREAF is planning an acquisition of a second tranche of RV parks this year, at an anticipated total capitalization of $550MM.
RV ownership has risen over the past two decades, with 11.2 million RV-owning households but only 1.7 million pads with necessary services like water, sewer, and power. With the RV industry expected to nearly double in value to $64 billion by 2024 and over $88 billion by 2028, the new RREAF platform is positioned to deliver well-located, high-quality, highly amenitized outdoor living properties catering to middle America.
“The RV sector has astonishing growth opportunities stimulated by the economy and the evolution of remote work and school options,” said Kip Sowden, CEO of RREAF Holdings. “RREAF Outdoor Living will capitalize on this booming sector of real estate for decades to come. With best-in-class management and highly amenitized options for our guests, we are creating a new segment in the Outdoor Living space and plan on being a significant player as we help it evolve.”
Amenities across the parks include resort-style pools, lazy rivers, rope courses, fitness centers, outdoor games, family entertainment facilities, deluxe cabins, golf carts, water slides, basketball courts, pickleball courts, converted “glamping” tiny homes/cabins, mini golf, fire pits, outdoor kitchens, dog parks, onsite laundry, playgrounds, onsite boat and trailer storage, lakes for fishing, zip lining, marinas, and more.
“We realize that a lot of people are looking to downsize their homes and have an adventure at the same time,” said Jason Cherry, partner at RREAF Holdings. “RREAF Outdoor Living parks will supply much-needed additional pads with highly amenitized options to cater to the demand.”
As part of a five-year plan, RREAF is finalizing site and construction plans, RREAF estimates the branding will be in place across all parks approximately 12 months after takeover. During this time, RREAF will hire and prepare onsite staff, as construction for all the parks is expected to be completed and operating at total capacity between Q2 2025 to Q1 2026.
“For years, we have seen the demand for more RV parks across the U.S. grow. Between homeowners looking to change up their housing lifestyles to individuals wanting the comfort of their own home while they’re on the road, RV parks have become a booming part of the ever-growing real estate sector,” said RREAF Holdings’ Chief Investment Officer Graham Sowden. “With the launch of RREAF Outdoor Living, we are taking RV parks to a new level. RREAF Holdings is committed to growing this platform for our guests and our investors.”
For more information, please visit: https://rreaf.com/.
About RREAF Holdings
RREAF Holdings LLC (“RREAF”) is a privately held, vertically integrated commercial real estate company based in Dallas, Texas, with roots that go back 37 years in the industry. RREAF focuses its portfolio of commercial real estate projects and development under five main divisions catering primarily to middle America with its programmatic value-add multifamily acquisitions, opportunistic hospitality and resort acquisitions, core ground-up development, large and highly amenitized master planned developments, acquisition / re-development of RV Resort Communities, Student Housing, and its ground-up extended stay hospitality development division.
RREAF and its subsidiary companies employ over 450 people directly and many thousand indirectly, mainly across the Sun Belt region, handling a wide range of commercial real estate investment matters, including in-house underwriting, due diligence, capital markets, acquisition, asset management, property management, construction management, project development, accounting, and legal support. RREAF and its debt and equity partners have built a diversified portfolio in its core competencies in excess of $4.5 billion in assets under management, across 15 states. Winner of the 2021 and 2022 Multifamily Operator of the Year Award and selected as an Optigo® 2022 and 2023 Select Sponsor, RREAF values its impact on local communities. RREAF’s mission is to enhance the lives of its investors, partners, residents, and guests by providing outstanding service, excellence, and expertise with integrity, vision, values, and purpose. For more information, please visit www.rreaf.com.
About RREAF’s Outdoor Living Platform
RREAF’s Outdoor Living Platform is a notable milestone in the organization’s history. With a comprehensive range of high-end amenities, including pickleball courts, dog parks, resort swimming pools, cabanas, and restaurants, the luxury RV platform should attract a diverse range of age groups, from the 55+ demographic to younger generations.
SOURCE RREAF Holdings LLC
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Senior Pickleball Report
Noise Troubles at Saratoga’s Pickleball Courts
Hey there, pickleball fans and community members! Welcome back to Sleeve’s Senior Pickleball Report, where we keep you in the loop about all things pickleball. Today, we’re serving up a controversial topic that’s making waves over at El Quito Park in Saratoga, California. Grab your paddles and a snack as we dive into the noise — and not just the joyful sound of pickleball!
The Pickleball Factor
Thanks to a booming interest during the pandemic, Saratoga recently added two brand-spankin’-new pickleball courts to great fanfare. But what started as a way to enjoy the game has quickly turned into a cacophony that has some locals reconsidering their living arrangements. As reported by Isha Trivedi in the East Bay Times, the sound from the courts has led to complaints from nearby residents about what they describe as a “bombardment of noise.” Even long-time locals like Zack Petersen, who’s enjoyed three decades in the area, are expressing their frustrations. Zack went as far as to say the noise sounds like “shotguns” — yikes!
Check out the article: https://www.mercurynews.com/2024/09/16/pickleballs-bombardment-of-noise-rule-breakers-and-fence-climbers-at-saratoga-courts-lead-to-100000-soundproofing-and-lock-costs-after-neighbor-complaints/
It’s not just the noise that’s causing concern. With no installed lights on the courts, players often bring their own lighting, keeping matches going late into the night, sometimes past midnight. With the city struggling to enforce playtime limits, it’s clear why some residents are feeling overwhelmed.
In response to the uproar, Saratoga’s City Council has earmarked a whopping $100,000 to install soundproofing panels and a new magnetic locking system to keep the courts quieter and more organized. But here’s the catch — Zack fears this might just be a “band-aid” on the real issue. He’s observed that dedicated players have been known to climb over fences to keep the games alive even after the gates are locked. A real pickle indeed!
Despite the pushback from some neighbors, not all pickleball players are brushing off the complaints. Local pickleball ambassador Jason Tseng recognizes the need for soundproofing that works for both players and residents. He pointed out that how the city implements these sound-dampening measures could actually create an echo chamber within the courts, enhancing the noise inside rather than reducing it outside. Double yikes!
So, where does that leave us? With pickleball’s rising popularity, it’s clear something needs to be done to keep the spirit of the game alive while respecting the local community. We’re eager to hear your thoughts!
Do you think pickleball noise is a real issue for local neighborhoods, or is it just part of the game’s charm? Should the city invest in soundproofing and locking systems, or is that a waste of funds? We invite you to share your opinions and experiences in the comments below. Let’s keep the conversation going and work towards solutions that benefit everyone involved!
Until next time, keep it friendly on the courts and consider your volume levels — your neighbors will thank you! And don’t forget… Let’s Pickle!
—Sleeves
Get the latest updates and information on the rapidly growing sport of pickleball, specifically designed for the senior community aged 50+. Check out Sleeve’s Senior Pickleball Report on YouTube to stay informed and up-to-date with the ever-changing world of pickleball. Join the community and stay ahead of the game. https://stmdailynews.com/sleeves-senior-pickleball-report/
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News
What is an Atlantic Niña? How La Niña’s smaller cousin could affect hurricane season
In August 2024, both La Niña and the lesser-known Atlantic Niña seem to be developing. This rare combination may impact Atlantic hurricane season, potentially reducing risk despite global warming’s influence.
Annalisa Bracco, Georgia Institute of Technology and Zachary Handlos, Georgia Institute of Technology
The North Atlantic Ocean has been running a fever for months, with surface temperatures at or near record highs. But cooling along the equator in both the Atlantic and eastern Pacific may finally be starting to bring some relief, particularly for vulnerable coral reef ecosystems.
This cooling is related to two climate phenomena with similar names: La Niña, which forms in the tropical Pacific, and the less well-known Atlantic Niña.
Both can affect the Atlantic hurricane season. While La Niña tends to bring conditions ideal for Atlantic hurricanes, the less powerful Atlantic Niña has the potential to reduce some of the hurricane risk.
We’re ocean and atmospheric scientists who study this type of climate phenomenon. It’s rare to see both Niñas at the same time, yet in August 2024, both appeared to be developing. Let’s take a closer look at what that means.
La Niña and its cousin, Atlantic Niña
La Niña is part of the El Niño–Southern Oscillation, a well-known climate phenomenon that has widespread effects on climate and weather around the world.
During La Niña, sea surface temperatures in the tropical Pacific dip below normal. Easterly trade winds then strengthen, allowing more cool water to well up along the equator off South America. That cooling affects the atmosphere in ways that reverberate across the planet. Some areas become stormier and others drier during La Niña, and the wind shear that can tear apart Atlantic hurricanes tends to weaken.
La Niña and its warmer opposite, El Niño, oscillate every three to four years or so. https://www.youtube.com/embed/wVlfyhs64IY?wmode=transparent&start=0 La Niña and its opposite, El Niño, explained. NOAA.
A similar climate phenomenon, Atlantic Niña, occurs in the Atlantic Ocean but at a much smaller scale and amplitude. It typically peaks around July or August and tends to have a shorter duration than its Pacific cousin, and much more modest and local impacts. Atlantic Niñas generally have the opposite effect of Atlantic Niños, which tend to reduce rainfall over Africa’s Sahel region and increase rainfall in Brazil and the countries that surround the Gulf of Guinea, such as Ghana, Nigeria and Cameroon.
While much weaker than their Pacific counterpart, Atlantic Niñas can, however, partially counteract La Niñas by weakening summer winds that help drive the upwelling that cools the eastern Pacific.
Why might both happen now?
In July and August 2024, meteorologists noted cooling that suggested an Atlantic Niña might be developing along the equator. The winds at the ocean surface had been weak through most of the summer, and sea surface temperatures there were quite warm until early June, so signs an Atlantic Niña might be emerging were a surprise.
At the same time, waters along the equator in the eastern Pacific were also cooling, with La Niña conditions expected there around October or November.
Getting a Pacific-Atlantic Niña combination is rare but not impossible. It’s like finding two different pendulums that are weakly coupled to swing in opposite directions moving together in time. The combinations of La Niña and Atlantic Niño, or El Niño and Atlantic Niña are more common.
Good news or bad for hurricane season?
An Atlantic Niña may initially suggest good news for those living in hurricane-prone areas.
Cooler than average waters off the coast of Africa can suppress the formation of African easterly waves. These are clusters of thunderstorm activity that can form into tropical disturbances and eventually tropical storms or hurricanes.
Tropical storms draw energy from the process of evaporating water associated with warm sea surface temperatures. So, cooling in the tropical Atlantic could weaken this process. That would leave less energy for thunderstorms, which would reduce the probability of a tropical cyclone forming.
However, NOAA takes all factors into account when it updates its Atlantic hurricane season outlook, released in early August, and it still anticipates an extremely active 2024 season. Tropical storm season typically peaks in early to mid-September.
https://datawrapper.dwcdn.net/lcaEc/2
Two reasons are behind the busy forecast: The near record-breaking warm sea surface temperatures in much of the North Atlantic can strengthen hurricanes. And the expected development of a La Niña in the Pacific tends to weaken wind shear – the change in wind speed with height that can tear apart hurricanes. La Niña’s much stronger effects can override any impacts associated with the Atlantic Niña.
Exacerbating the problem: Global warming
The past two years have seen exceptionally high ocean temperatures in the Atlantic and around much of the world’s oceans. The two Niñas are likely to contribute some cooling relief for certain regions, but it may not last long.
In addition to these cycles, the global warming trend caused by rising greenhouse gas emissions is raising the baseline temperatures and can fuel major hurricanes.
Annalisa Bracco, Professor of Ocean and Climate Dynamics, Georgia Institute of Technology and Zachary Handlos, Atmospheric Science Educator, Georgia Institute of Technology
This article is republished from The Conversation under a Creative Commons license. Read the original article.
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Senior Pickleball Report
Serve & Sip: Dallas’s Largest Pickleball Entertainment Destination Brings Sport, Social, and Style Together
Alex Menzel announces Serve & Sip Pickleball Club in Dallas for 2025, blending sport, hospitality, and community in a unique venue.
DALLAS, Sept. 12, 2024 /PRNewswire/ — Alex Menzel, a community-focused entrepreneur, developer, and SMU alumnus is pleased to announce the upcoming launch of Serve & Sip Pickleball Club, the largest indoor-outdoor pickleball entertainment venue in the heart of Dallas. Scheduled to open in 2025, Serve & Sip is designed to offer a premium, bespoke blend of sport and hospitality, all within a vibrant and meticulously designed environment.
A New Standard in Pickleball and Social Entertainment
Serve & Sip will be a venue where community, connection, and unforgettable experiences come together. Featuring spacious, professional-grade courts, a lively outdoor patio, and an inviting dining experience, Serve & Sip will offer a personalized, high-quality environment where guests can compete on the court, savor handcrafted cocktails, or simply unwind with friends. Our commitment to experiential hospitality will ensure that every visit is exceptional, whether you are a seasoned player or simply looking to enjoy a great time in a welcoming atmosphere.
Built for Today and Designed for Tomorrow
Easily accessible off I-75 (Royal exit) and also nestled at the intersection of three of Dallas’s beloved trails—Serve & Sip is more than just a pickleball venue; it is a destination. Whether you are walking along the White Rock Creek Trail, biking down Cottonwood Creek Trail, or taking in the scenic views from the Northaven Trail Bridge, all roads lead to Serve & Sip.
This unique location positions Serve & Sip as a natural gathering point for patrons, offering a welcoming space where everyone can find something to enjoy. From fun pickleball activities to leisurely gatherings on the outdoor patio, to social events in our thoughtfully designed indoor spaces, Serve & Sip is crafted to cater to a diverse range of interests. Where some venues might focus on simply filling a space with as many courts as possible, Serve & Sip takes a different approach. We believe that the best pickleball experience is about more than just the game—it is about creating a welcoming atmosphere, nurturing a strong sense of community, and fostering a deep sense of belonging through tailored hospitality. Our venue is designed with both today’s needs and tomorrow’s growth in mind, ensuring that Serve & Sip remains a vibrant, inclusive social hub for years to come.
A Vision for Community Impact
Serve & Sip will capitalize on the booming popularity of pickleball, the fastest growing sport in the U.S. with 13.6 million players nationwide and a 33% compound annual growth rate over the last 5 years. Serve & Sip is set to become a vibrant gathering place for the Dallas community, promoting active lifestyles and fostering social connections. The venue’s location along these key trails offers a natural meeting point for community members to gather, play, and relax in an upscale setting. By easing demand for publicly accessible courts and providing a space where people can enjoy both physical activity and social interaction, Serve & Sip is poised to make a lasting impact on the community.
Collaborative Excellence and Strategic Partnerships
The development of Serve & Sip has been driven by collaboration with the city of Dallas, our capital and private investment partners, and award-winning, renowned hospitality designers, ensuring that every detail of the venue contributes to a highly enjoyable experience. As we approach our grand opening in 2025, we continue to engage with like-minded partners who share our vision for creating vibrant community spaces that stand out in today’s entertainment landscape.
About Serve & Sip
Serve & Sip will become Dallas’s premier indoor-outdoor pickleball entertainment venue, offering a unique blend of sport, social engagement, and experiential hospitality. Opening in 2025, the venue will feature professional-grade courts, and a vibrant social atmosphere, making it the ultimate destination for both pickleball enthusiasts and social seekers alike.
SOURCE Serve & Sip Pickleball Club
Get the latest updates and information on the rapidly growing sport of pickleball, specifically designed for the senior community aged 50+. Check out Sleeve’s Senior Pickleball Report on YouTube to stay informed and up-to-date with the ever-changing world of pickleball. Join the community and stay ahead of the game. https://stmdailynews.com/sleeves-senior-pickleball-report/
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