F&A; Realty Purchases RV Park in Florida
F&A; Realty Advisors, a Ventura-based real estate investment company, announced its purchase of the Peace River RV Park in Wauchula, Fla.
The park, about 60 miles southeast of Tampa in central Florida, was purchased June 30 for $1.4 million from the Chapter 7 Trustee for the Bankruptcy Estate of Thousand Adventures of Florida Inc.
The park, a 456-site camp resort on about 73 acres, will be renamed the River Valley RV Resort upon completion of a $500,000 renovation.
F&A; Realty Advisors--made up of Richard Fausset, son Rick Fausset, and Jack Neely --also said it anticipates a mid-August closing date for the purchase of Gulf Pines RV Resort, a 100-site camp resort near Pensacola.
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