CAMDEN BAY PARTNERS has been formed to take advantage of the compelling opportunity to institutionalize the development, ownership, and management of “stand-alone” RV and boat storage facilities in Suburban and Secondary Markets across North Texas, Oklahoma, and Arkansas
The Strategy
CAMDEN BAY PARTNERS strategy is to purchase under-managed, under-enhanced and underdeveloped RV/Boat storage facilities in suburban and secondary markets in North Texas, Oklahoma, and Arkansas.
We will establish the Camden Bay brand to launch a multi-year, multi property acquisition and development program. Concentrating on value-add properties will provide the opportunity to deliver above average returns to our investors. All of our acquisitions will be owned in single asset entities – in the general partner/limited partner structure.
All of our acquisitions will be re-branded to CAMDEN BAY RV AND BOAT STORAGE. Marketing of our properties will be through all the typical social media platforms as well as email marketing.
The Market
The RV/Boat “stand-alone” storage business is a rapidly expanding “niche” that has traditionally been considered a “sub sector” of the self storage industry. Recreational Vehicles (RVs) and boats are growing as a part of the American family and social trends indicate that this trend is likely to continue into 2024 and beyond.
- 25M Boat and RV Owners in the US
- 9M Boat and RV owners expected to join the market in the next 3 years
- Only 3000 Boat and RV storage sites currently in the US
- Zoning Constraints
- Lending Constraints
- Institutional Capital Constraints
- Raising Construction Costs
The Opportunity
CAMDEN BAY PARTNERS will benefit and rely on the 25 years of development and acquisition experience of 720 Companies, LP. (“Purpose-built” RV/Boat properties are in short supply.)
Through its Camden Bay RV & Boat brand, we will assemble a portfolio within our stated geographical area then sell a larger RV/Boat operator.
We will partner with individual investors, self-directed IRA investors, and high-net-worth individuals. On our team, all equity partners have a voice and are treated as equals.
Each asset will have a debt financing base that best fits that project.
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About 720 Companies
720 COMPANIES, LP is a privately owned, fully integrated real estate company focused solely on the storage industry with expertise in ownership, acquisition, development, construction, management, and entitlements. Since 1992, 720 Companies, LP has built over 1.3 million SF of Class A, institutional grade self-storage properties in Oklahoma and North Texas. The company is headquartered in Frisco, Texas.
