Meridian RV Resort in Apache Junction sells for $11.6M
AZRE
NorthMarq’s national manufactured housing team of Don Vedeen, vice president, Jared Bosch, senior associate and Chris Michl, senior associate sold the Meridian RV Resort on December 14. The 252-site property is located at 1901 South Meridian Road in Apache Junction, Arizona. NorthMarq represented both the buyer, Equity LifeStyle Properties Inc. and the seller, GlassRatner Advisory & Capital Group, LLC.
“Our team was retained to sell the asset out of receivership due to our experience in the space with large dispositions,” said Vedeen. “The national marketing process generated more than 13 offers even during a global pandemic and ultimately being sold to a very qualified REIT.”
