RanchHarbor, Ramser Development Co. and Saunders Property Co., three real estate investment firms based in Newport Beach, Calif., announced their joint venture partnership in the acquisition of Adult Toy Storage, a 55-acre storage facility for recreational vehicles (RVs) and boats in Altamonte Springs, Fla.
About 41 acres of the property are currently improved and fully operational. And 14 acres are in raw condition and will be improved by the joint venture to provide added storage capacity. The entire property is being re-branded as RV Storage Depot, Ramser Development’s nationwide RV and boat storage platform.
The joint venture purchased the asset from its original owner. Terms of the deal were not disclosed.
“In recent years, greater Orlando has been experiencing a boom in population and economic growth. This, coupled with a tremendous increase in orders for boats and RVs, especially in Florida, led to a great opportunity to invest in this unique prop
