Morningside RV Estates
Morningside RV Estates is a 400-site 4.5-star 55+ RV park with full amenities in Central Florida. Morningside has two clubhouses, an enclosed heated pool, gated entrance, shuffleboard courts, horseshoe pits, laundry, billiards, three ponds, municipal water/sewer, and a golf cart path to the local Walmart®. The acquisition was a value-added opportunity to improve the park’s below market occupancy. The park is in the top 90th percentile for RV parks in quality across the Zephyrhills/Dade City area, while at the time of acquisition the park’s occupancy was 65%, while the market exceeds 75%.