Apache Junction RV park sold for record-breaking $88M

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Posted at 8:57 AM, Sep 23, 2020
and last updated 2020-09-23 11:57:20-04

In a record-breaking deal that closed on Sept. 22, an Arizona RV resort in Apache Junction with 1,119 spaces sold for $88 million.

"The buyer is a market leader in RV Resort Communities," said Derek Harris, founder and principal of HARRI5, a Scottsdale manufactured housing and commercial brokerage, who represented the buyer in the deal. "They will continue to improve and operate this as one of the nation's premier RV resort communities."

While he declined to identify the buyer of the Superstition Sunrise RV Resort, public records show the buyer is CPI Superstition Sunrise Owner LLC, with the address on file tracing to Washington, D.C.-based private equity giant The Carlyle Group Inc.

"This is the single largest transaction from a dollar volume standpoint in Arizona's history for a mobile home or RV resort," Harris said. "It's not a portfolio. It's just one single community."
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