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
The Return of the Giant Pandas: A Symbol of Renewed Diplomacy Between China and the United States
China’s plan to send a new pair of giant pandas to the San Diego Zoo signifies a renewed era of wildlife diplomacy and friendship with the United States.
In a gesture reflecting the enduring bond between China and the United States, the China Wildlife Conservation Association has announced plans to send a new pair of giant pandas to the San Diego Zoo. This move marks a significant renewal of friendship after the recall of iconic bears on loan to U.S. zoos amid strained relations between the two nations.
The recent signing of cooperation agreements with zoos in San Diego and Madrid, along with ongoing discussions with zoos in Washington, D.C., and Vienna, underscores a fresh round of collaboration on panda conservation. This initiative not only highlights the importance of protecting these beloved creatures but also serves as a symbol of unity and shared commitment to wildlife preservation.
San Diego Zoo officials have expressed great anticipation for the arrival of the two pandas, a male and a female, expected to reach the zoo by the end of summer. Megan Owen, Vice President of Wildlife Conservation Science at the San Diego Zoo Wildlife Alliance, shared her excitement, stating, “They’ve expressed a tremendous amount of enthusiasm to re-initiate panda cooperation starting with the San Diego Zoo.”
As these gentle giants prepare to make their return to the San Diego Zoo, the significance of this gesture extends beyond conservation efforts. It serves as a testament to the power of wildlife diplomacy in fostering understanding and goodwill between nations, transcending political differences to focus on shared values and a common goal of protecting our planet’s biodiversity.
The upcoming arrival of the giant pandas symbolizes a renewed era of collaboration, friendship, and hope for a future where conservation efforts transcend borders and unite us in our shared responsibility to safeguard the natural world.
Source: Associated Press
Unlocking the Next Frontier: Odysseus Lunar Lander’s Historic Mission
“Odysseus lunar lander aims to make history with first U.S. spacecraft touchdown on moon in 50 years. A testament to human ambition and innovation.”
In the vast expanse of space, where dreams of exploration meet the harsh realities of technology and finance, Thursday marks a potential landmark moment in the annals of space exploration. The Odysseus lunar lander, a testament to human ingenuity and perseverance, stands on the precipice of making history as it aims to achieve what no U.S.-made spacecraft has done in five decades: a controlled touchdown on the lunar surface.
After a breathtaking lift-off from Florida, Odysseus embarked on its journey towards the moon, capturing awe-inspiring images of our planet Earth along the way. Now, as it hurtles closer to its destination, the anticipation mounts for what could be the most perilous test yet – a soft landing on the moon’s surface.
Intuitive Machines, the pioneering force behind Odysseus, dares to tread where no private company has ventured before. If successful, this endeavor would mark the resurgence of American-made spacecraft landing on the moon since the final Apollo mission in 1972.
However, the road to lunar exploration is fraught with challenges, both technical and financial. While the Apollo program once commanded a budget exceeding 4% of all U.S. government spending, today’s NASA operates on a fraction of that, a mere 0.4%. To stretch resources further, NASA has turned to outsourcing robotic lunar landings to commercial entities like Intuitive Machines, aiming to achieve ambitious goals like the Artemis program’s lunar return with reduced costs.
But cost isn’t the only hurdle. The technical feat of landing a spacecraft precisely on a celestial body a quarter of a million miles away is akin to hitting a golf ball from New York to Los Angeles and landing it in a specific hole – a daunting task even with today’s advanced technology. Compounding the challenge is the time delay of roughly three seconds for signals to travel between Earth and the moon, leaving little room for error during critical maneuvers.
Moreover, the legacy of Apollo-era expertise has waned over the decades, leaving a gap that new technology alone cannot bridge. As Dr. Scott Pace of George Washington University’s Space Policy Institute aptly notes, “These are people doing it for the first time, and there’s no substitute for that experience.”
Yet, amidst these challenges, there’s an undeniable sense of optimism and determination. As Lisa Altemus of Intuitive Machines emphasizes, success in lunar exploration requires collective resilience, collaboration, and a willingness to learn from failures. It heralds not just a scientific achievement but the dawn of a new era – an emerging lunar economy where the moon’s resources could unlock boundless opportunities for humanity.
If Odysseus achieves its mission, it will not only mark the first U.S. spacecraft landing on the moon in half a century but also pave the way for future lunar endeavors, including the exploration of the moon’s south pole, a region rich in potential resources like ice and water.
As we stand on the brink of this historic moment, let us marvel at the audacity of human ambition, the tenacity of scientific endeavor, and the boundless possibilities that lie beyond Earth’s confines. The journey to the moon may be fraught with challenges, but with each step, we inch closer to unlocking the mysteries of our celestial neighbor and forging a new chapter in the saga of space exploration.
NASA Astronaut Available for Interviews Prior to Space Station Mission
NASA astronaut Tracy C. Dyson is available in limited opportunities to discuss her mission beginning at 8 a.m. EST on Monday, Feb. 26. The interviews will take place ahead of Dyson launching to the International Space Station in March.
Interested media must submit a request to speak with Dyson no later than 12 p.m. Friday, Feb. 23, to the NASA Johnson Space Center in Houston newsroom at 281-483-5111 or firstname.lastname@example.org.
Dyson is scheduled to launch aboard the Soyuz MS-25 spacecraft Thursday, March 21, and will spend approximately six months aboard the space station. She will travel to the station with Roscosmos cosmonaut Oleg Novitskiy and spaceflight participant Marina Vasilevskaya of Belarus, both of whom will spend approximately 12 days aboard the orbital complex.
During her expedition, Dyson will conduct scientific investigations and technology demonstrations that help prepare humans for future space missions and benefit people on Earth. Among some of the hundreds of experiments ongoing during her mission, Dyson will continue to study how fire spreads and behaves in space with the Combustion Integrated Rack, as well as contribute to the long-running Crew Earth Observations study by photographing Earth to better understand how our planet is changing over time.
After completing her expedition, Dyson will return to Earth this fall with Roscosmos cosmonauts Oleg Kononenko and Nikolai Chub on the Soyuz MS-25 spacecraft.
Learn more about International Space Station research and operations at:
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