Forrest Street Partners, is a boutique real estate investment firm, has acquired Leisure Acres Campground, an RV resort located in the Atlanta suburb of Cleveland, Georgia.
Leisure Acres encompasses 135 RV sites and one cabin. Forrest Street Partners said it planned to upgrade the venue by with newly paved roads, new dog parks, fencing, new branding, and other general property maintenance/upgrades. Forrest Street plans to retain the existing staff, while also focusing on creating more operational efficiencies.
The financial terms of the acquisition were not disclosed. In a press statement, the company added the transaction “aligns with the firm’s vision to cater to the RV community by offering top-notch service and necessary enhancements in Georgia and the Southeast.”
“Overall, the park is in great condition, so our focus is on the park’s infrastructure and operations as we train the existing team and continue to prioritize the guest experience,” said Todd Baldree, a partner in the Roswell, Georgia-based firm. “The town of Cleveland offers shopping and eateries and an opportunity to escape and relax in beautiful North Georgia. Its proximity to Dahlonega and Helen gives guests many tourist options, and Gainesville is a growing job center. We are confident that this park will remain a popular respite for both locals and travelers alike, while also providing a unique setting for guests working in the area.” added Baldree.
