Robert Stiles, managing director/principal of RobertDouglas, says the partnership is poised for rapid growth.
SAN FRANCISCO—Under a recent agreement, Whitman Peterson led a dedicated capital commitment of $115 million focused on acquiring and redeveloping properties for AutoCamp's expansion. As part of the transaction, Whitman Peterson also invested in the AutoCamp operating company.
Dedicated capital provided by Whitman Peterson will give AutoCamp the ability to develop more than $500 million in projects. The partnership has already closed on its first venture, the development of AutoCamp Yosemite. Situated a short drive from the gates of Yosemite National Park, the property will include 105 luxury Airstreams and tents, and is slated to open the first quarter of 2019.
AutoCamp, headquartered in San Francisco, has developed an outdoor hospitality experience for people who love nature while still addressing the need for proper amenities and the luxury of a seamless hospitality experience. Founded by Neil Dipaola and Ryan Miller, AutoCamp's portfolio consists of two properties in Russian River and Santa Barbara, a property in Yosemite under development, and future locations nationwide.
Whitman Peterson is a real estate private equity company specializing in driving growth of target sector platforms. RobertDouglas advised AutoCamp in its selection of Whitman Peterson as a strategic capital and growth partner.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
