"RecNation Completes the Trifecta". The Company launches two additional service businesses that further enhance its market leading position in the Boat & RV storage industry.
RecNation Storage ("RecNation" or the "Company"), the leading owner, operator and developer of specialized recreational vehicle and marine storage facilities, today announced the launch of two unique service companies "RecExec" and "RecResale," which further expand the Company's leading position in the marine and RV storage industry.
"RecExec" allows the company to offer its market leading marketing, sales and operational expertise to other property owners and developers across the country, further enhancing its scale throughout the US. The company will manage these other properties no differently than it does its wholly owned property portfolio and will be able to pass along the economies of scale savings it generates for the benefit of all its owned and managed properties over time. "Launching a professionally managed 3rd party business is a tremendous achievement and highlights the strength and sophistication of our operating platform which leverages many of the same high technology tools and techniques we deployed in our prior data center business - CyrusOne - which allows us to efficiently manage these properties in a highly automated and centralized way," said Gary Wojtaszek, Chief Camper & Founder of RecNation. "Every publicly traded self-storage REIT has a third-party management company which greatly complements and enhances their primary real estate investments by strengthening their market-leading positions, and we intend to do the same in Boat & RV storage."
As the largest institutional platform in the industry, RecNation can provide significant economies of scale to a very fragmented asset class by acquiring, designing, building and operating premium storage facilities and now will offer that service to other property owners and real estate developers. The company continues to innovate and expand its product and service offerings to enhance their customers' experience.
RecNation's third-party management services is uniquely beneficial for a wide-ranging audience whether developers want a seasoned operator to come in on Day 1 or existing owners that want to move on to their next project and leverage the scale of the largest institutional RV & Boat storage company. For inquiries reach out to [email protected]
"RecResale" is the copany's officially licensed RV dealership which will allow the company to offer RV consignment sales to its RV storage customers that are interested in selling their RV. RecResale compliments the RecRental RV rental business the company launched earlier this year. Combined, this allows RecNation to offer all its RV customers the ability to rent their RVs and generate extra income like AirBnB does for homeowners, and if they desire, will allow them sell their RVs in a very convenient low risk way. "This is just another example of the enhanced customer value we offer our storage customers and reinforces why they choose us for their RV storage solution. We are developing the most robust ecosystem in the recreational storage market." said Gary Wojtasek, Chief Camper.
RecNation also released the Q3 "RecReport," which is the company's comprehensive industry update report on RV & Boat storage, crafted to empower owners, developers, brokers, investors and outdoor enthusiasts with invaluable insights. It highlights many of the trends and key storage market drivers for the recreational vehicle and marine industry. Whether you are a seasoned owner or an adventure seeking road tripper, the RecReport is your key to firsthand insights into the RV & Boat storage world.
RecNation acquires, builds and manages specialized RV and Boat storage facilities across the United States. The Company was founded to meet the burgeoning storage requirements of the owners of recreational and marine vehicles. As the first institutional grade, specialized storage Company created to serve the growing storage needs for both recreational and marine vehicles, RecNation has solidified its position as the leading recreational storage operator in the nation. Since its inception in 2020, the Company has significantly expanded its footprint to 54 locations across Texas, Florida, Arizona, Kansas, Tennessee and Missouri to serve a growing community of outdoor and recreational enthusiasts seeking a secure facility to secure their vehicles.
RecNation partnered with WOJO Capital Partners, LLC and Centerbridge Partners, L.P. a private investment management firm to accelerate its expansion into a national platform dedicated to serving recreational and marine storage enthusiasts across the nation.