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BoaVida Expands Local Offices, Begins Hiring Surge to Support Nationwide Property Acquisitions

December 2, 2019

SACRAMENTO, Calif.--(BUSINESS WIRE)--Dec 2, 2019--

The BoaVida Group, a Sacramento-based owner and operator of mobile home and RV communities across the country, is expanding its office space five-fold and adding 30 employees as it experiences a significant increase in activity.

“We have been very busy this year and there are dozens of new projects on the horizon,” said BoaVida’s Eli Weiner.

Weiner created an investment fund earlier this year to facilitate the company’s growth and add more than $150 million of properties to the $300 million the company already owns and operates. In recent months, the company has spent more than $82 million acquiring 22 mobile home communities totaling more than 2,200 spaces from California to Rhode Island.

“The fund has allowed us to move quickly, acquiring properties with cash and then investing in capital improvements to increase the value for residents and investors,” said Weiner. “We have the infrastructure in place for this pace of activity and are now hiring teams in property management and administration to prepare for more than 35 additional properties we will begin managing in the first quarter of 2020.”

The BoaVida Group includes BoaVida Communities, BoaVida Homes and BoaVida RV Parks and Resorts. For more information on The BoaVida Group, visit https://theboavidagroup.com/

View source version on businesswire.com:https://www.businesswire.com/news/home/20191202005061/en/

CONTACT: Ian B. Cornell

Cornell Group

916-965-1805

icornell@cornellgroup.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: REIT OTHER CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY

SOURCE: BoaVida Group

Copyright Business Wire 2019.

PUB: 12/02/2019 09:32 AM/DISC: 12/02/2019 09:32 AM

http://www.businesswire.com/news/home/20191202005061/en