Equity LifeStyle acquires Fiesta Key RV Resort
Equity LifeStyle Properties, Inc is a premier 324-site RV resort located in Florida Keys. The company offers clients an outstanding RV destination. Equity LifeStyle Properties announced its acquisition of Fiesta Key RV Resort. This would enhance the company's presence in the growing tourist destination market. The deal for the property was valued around USD24.6 million and was funded with available cash.
Equity LifeStyle Properties Inc. is headquartered in Chicago and operates as a real estate investment trust (REIT). It is a fully integrated owner and operator of lifestyle-oriented properties. The company has an interest in 377 quality properties in 32 states across the US and British Columbia that consists of 139,288 sites.
The portfolio of Equity LifeStyle Properties includes numerous amenities and common facilities. This would include a clubhouse, a swimming pool, cable TV service and laundry facilities to name a few. Equity LifeStyle is a publicly-owned REIT and owns the highest quality portfolio of resort communities in the US.