Interesting Thousand Trails went through a BK in 1991, a couple of High Leverage buyouts, one of my previous employers KKR then on to a Texas firm and is now owned by Equity LifeStyle Properties a REIT.
"Equity LifeStyle Properties is a real estate investment trust (REIT) traded on the New York Stock Exchange under the symbol "ELS." Our size, national scope and status as a publicly traded company afford us benefits unavailable to smaller, private owners. We have access to capital that allows us to grow, and to expand and upgrade existing communities. We are able to streamline our management operations, owning multiple communities in the same market areas. Our broad presence in 32 states and British Columbia protects the company from economic downturns in any one market. Furthermore, our reputation allows us to attract and retain some of the best employees in the business. "
They own both Thousand Trails and Encore as well as other parks and MH communities.
"There’s always something new to see, or do, or learn at our more than 185 RV resorts and campgrounds across the country. And the social nature of our events and activities provides an ideal foundation for building long-lasting friendships among guests. Whether they bring the RV, pitch a tent or rent one of our many cottages or cabins, guests can count on our dedicated on-site management teams go the extra mile to ensure they feel right at home.
Our RV resorts and campgrounds operate under two well respected brands: Thousand Trails and Encore RV Resorts."