Fifth Wheel Travel Trailer RV Recreational VehicleCenterbridge Capital Partners II L.P. has formed a new business called Carefree Communities Inc. for the ownership and operation of destination RV resorts and senior manufactured housing communities.

Carefree is the result of Centerbridge’s June acquisition of National RV Communities LLC (NRVC), an owner and operator of 61 destination RV resorts and senior MH communities from Almanac Realty Securities IV LP. NRVC’s senior management team, David A. Napp and Colleen S. Edwards, the CEO and president of NRVC respectively, have co-invested alongside Centerbridge and will lead and manage Carefree.

As of today, Carefree has completed the acquisition of three additional properties: Sun-N-Fun RV Resort in Sarasota, Fla., Sherkston Shores RV Resort in Port Colborne, Ontario, and Regency Heights in Clearwater, Fla.; and acquired a leasehold interest in a fourth property, Tropical Palms RV Resort in Kissimmee, Fla. Including these acquisitions, the combined Carefree platform now has an aggregate asset value of approximately $650 million.

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