Blue Capital RV Park Fund

Overview

This offering provides an opportunity to invest in a diversified portfolio of RV parks through Blue Capital, a Limited Partnership. The investment strategy focuses on acquiring and enhancing RV park assets, leveraging a proven value-add approach to drive significant equity appreciation. The fund targets a 10% preferred annual return, with case studies demonstrating IRRs of 25% or more. Investors can expect a 2-3x equity multiple over an anticipated 4-5 year hold period. Key financial highlights include an investment minimum of $100,000 and a total offering amount of $25,000,000. The fund utilizes bonus depreciation, providing substantial tax benefits to investors, with write-offs estimated at 0.5-1x of equity invested. The fee structure is transparent, including an acquisition fee of ~3%, asset management fee of ~1.5%, and a property management fee typically around 6% of gross receipts. A tiered waterfall structure ensures investors receive the majority of cash flow up to a 20% IRR. The management team, comprising John Cascarano, Rich Turasky, and Erik Fordyce, brings over 50 years of combined investment experience and has been involved in over $3 billion in transactions as principals. Their expertise spans real estate, finance, and operational excellence. The fund emphasizes conservative underwriting and a disciplined approach to acquisitions and operations. Potential risks include market fluctuations and the possibility of an extended hold period if market conditions are not optimal for exit. However, the fund's portfolio-level diversification and operational platform provide flexibility. The offering is made under Rule 506(c) of the Securities Act, allowing for general solicitation to accredited investors.