Centerbridge Partners, WOJO Capital Partners forms RV and boat storage with Recreational Realty

Recreational Realty, an owner, operator and developer of specialized recreational vehicle and marine storage facilities, announced a joint venture with funds affiliated with Centerbridge Partners and entities affiliated with WOJO Capital Partners.

“Over the past several years, we have seen a steadily increasing growth trend, accelerated by the COVID pandemic and the acceptance of a permanent ‘work from anywhere’ lifestyle, which has led to record-breaking RV and boat sales,” said Gary Wojtaszek, founder and CEO of Recreational Realty. “Our goal is to become the leading owner, operator and developer of high-quality, purpose-built recreational storage facilities, and the partnership with Centerbridge will accelerate our growth across the country as we build a national platform.”

Said William Rahm, senior managing director and global head of real estate at Centerbridge, “Centerbridge is excited to be partnering with WOJO and the team at Recreational Realty.