Almanac Realty Investors

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Centerbridge Forms Carefree to Buy Destination RV Resorts

Centerbridge Partners has acquired National RV Communities, which owns and operates 61 destination recreational vehicle resorts and senior manufactured housing communities. Almanac Realty Investors was the seller. Financial terms were not announced. As a result of the deal, Centerbridge has formed Carefree Communities to own and operate destination RV resorts and senior MH communities. Carefree has completed three more deals: Sun-N-Fun RV Resort in Sarasota, Fla., Sherkston Shores RV Resort in Port Colborne, Ontario, and Regency Heights in Clearwater, Fla.; and acquired a leasehold interest in a fourth property, Tropical Palms RV Resort in Kissimmee, Fla. Carefree now has an aggregate asset value of approximately $650 million. KeyBank Capital Markets provided financial advice to NRVC. GE Capital, JP Morgan Chase & Co. and KeyBank NA provided financing to Carefree.

Almanac Realty Investors contact information

Offices

marker icon1290 Avenue of The Americas, 23rd Floor, New York, 10104, United States
Showing 1 of 1 Almanac Realty Investors offices

Contacts

NameJob titleLocationEmail
Key Contact
user imageMr. Spencer J. Reiter
Job titleVP, Capital Raising & Investor Relations
LocationNew York, United States
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Key Contact
user imageMr. Josh K. Overbay
Job titlePartner
LocationNew York, United States
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user imageMr. Henry C. Herms
Job titleChief Financial Officer and Managing Director
LocationNew York, United States
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user imageMs. Manuela Amado Cattaneo
Job titleGeneral Counsel & Managing Director
LocationNew York, United States
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Almanac Realty Investors funds managed

Closed funds: 1

FundFund sizeClose dateStrategy
Fund sizelock image---------
Close dateNov 2024
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Stories that mention Almanac Realty Investors

Side Letter: Illiquidity premium erosion

Private equity’s liquidity premium appears to be eroding at a faster rate than ever before. Plus: a UK pension giant is pumping more into PE; and a German LP gets a new CIO. Here's today's brief, for our valued subscribers only.

ACRE gathers $325m for inaugural credit fund

Asia Capital Real Estate, a real estate private equity firm, has closed its debut credit fund at over $325 million, beating its $300 million target.

SK Capital taps Cattier as general counsel and CCO

SK Capital Partners has named Jennifer Cattier as general counsel and chief compliance officer.

Deep Dive: Better dealmaking through data

Savvy sponsors are increasingly using data science to improve outcomes – from deal origination to due diligence and value creation.

Side Letter: Remote fund commitments, Dunkin' Dyal, SoftBank bruised

So much for the "new normal" of remote working; LPs seem unlikely to make commitments to any new manager without sitting down and breathing the same air. Here's today's brief for our valued subscribers only.

Side Letter: Texas Muni's European plan, Vanguard's arrival, Temasek on GPs

Vanguard just sailed into PE's harbour, but it looks like it comes in peace. Plus: A US public pension's plans for Europe, sub lines in a downturn and how Temasek views its PE partners. Here’s today's brief, for our valued subscribers only.

Almanac raises $2.26bn

The New York-based firm has held a final close on its largest private equity real estate vehicle.

StepStone to provide up to $87.5 mln in HRI

StepStone has agreed to invest up to $87.5 million in HRI Properties. Robert W. Baird & Co. provided financial advice to HRI on the transaction. Based in New Orleans, HRI is a diversified real estate company.