Halmos Capital Partners formed Cedarline Outdoor; an outdoor hospitality investment platform focused on the RV park industry.
Through the strategic acquisition of parks in desirable destinations throughout North America, Cedarline will create a diversified property portfolio, the company stated.
Cedarline acquired its first two parks, Twin Mountain and Littleton, both located in the White Mountains of northern New Hampshire.
Cedarline was capitalized at launch with an equity investment from Halmos, which along with its financing partners will continue to support the acquisition strategy.
Daniel Adan, Halmos partner, said RV parks are a critical component of the North American vacation landscape.
“These assets have proven their resiliency throughout the COVID-19 pandemic and we believe the next-generation of American families have embraced this travel option,” Adan said, “creating long-term sustainable growth for the sector. We are excited to partner with investors and operators who share our vision for this dynamic asset class.”
Andrew Cohan, Halmos founder and partner, echoed Adan’s sentiments.
“I am excited to embark on our mission at Cedarline to serve as long-term stewards for the parks we acquire,” Cohan said, “to provide memorable experiences for our customers, and to care for the environment through sustainable and renewable practices.”
