MHProNews has learned the 127-acre RV community Rainbow RV Resort in Frostproof, Fla. has been sold to Sun Communities, Inc. of Southfield, Mich. Brokered by Marcus & Millichap, Rainbow is located in central Fla. east of Tampa, and offers a large heated swimming pool, a 15,000 square foot modern clubhouse with numerous amenities and activities, and two spas. Built in 2000, Rainbow is a five star 55+ gated community. Dan Mulkey, of M & M, says, “Rainbow RV is a beautiful community, having all lots large enough to accommodate permanent park model homes. Every year more permanent units are added, providing a stabilized income going forward. The park enjoys many of the same campers returning each year, adding to its stability.” Sun is a REIT that owns and operates 165 manufactured home and RV communities comprised of 57,700 developed sites. The selling price was not immediately available.
