Texas-based Carefree Covered RV Storage announced in a press release three major milestones as it continues rapidly expanding in the recreational vehicle parking industry.
The company began construction in mid-March on a new facility in a suburb of Dallas, Texas, its sixth project in active development or completed in the past three years. Carefree Covered RV Storage last month opened its fourth location, in the Phoenix metropolitan area. And earlier this year, the company celebrated reaching 60% occupancy at its recently completed third location, also in the Dallas area.
Carefree Covered RV Storage, a division of Business Property Trust, expects to expand its portfolio to a total of 10 projects in Texas and Arizona by 2026, the release stated.
“Our company is growing at a rapid but sustainable pace,” said Barry Raber, BPT’s president and chief executive officer. “We’re well on the way to establishing ourselves as the go-to brand for minimal hassle, high-value RV parking in the Southwest.”
Carefree Covered RV Storage’s newest project, on 11 acres in Wylie, Texas, is expected to be completed in late 2023. When completed, it will feature 581 parking spaces, charging outlets, 32 high-definition cameras, gated entry, propane and a complimentary dump station and RV wash.
Planned improvements for the project total $9 million. Development partners include general contractor A.T. Meridian Construction and canopies and fencing by Done Deal Iron Works.
“Growing the company requires making smart choices about where to expand, and we consider the Wylie/St. Paul area an ideal market,” said Raber, whose RV and storage divisions now own three properties in the area. Last month, Carefree Covered RV Storage opened its Queen Creek property in San Tan Valley, Arizona, a region that has experienced rapid growth in the last 20 years and is surrounded by many master-planned communities. Already, nearly a quarter of the 9-acre site’s 428 spaces have been rented or reserved.
“We are honored to be filling the community’s need for high-quality covered parking in an area restricted by neighborhood rules and regulations,” Raber stated, “and expect leasing to continue at a swift pace.”
Earlier this year, Carefree Covered RV Storage celebrated a 60% leasing milestone for its project in St. Paul, Texas. The site opened in August 2022 and offers over 500 covered parking spaces.
New customers have been drawn to the project, which is located near popular Lake Lavon and many households that own boats and recreational vehicles. The $6 million project includes free amenities like wash bays, dump stations, ice, site-wide wireless internet and charging outlets.
“We are pleased to see our tenants enjoying the many amenities and personal service we offer at our sites,” Raber commented. “We are most proud of our customer reviews, averaging 4.9 stars in over 500 Google reviews.”