groundwork.
The campground business, from the bottom up.

We're building a campground business.
Here's how it's going.

Groundwork is a monthly letter from Josh Weissenstein and Cody Sauer. Most of America's roughly 15,000 campgrounds are family-owned, in a category professional operators have mostly overlooked. We're one of the few building a company in it — one park at a time, doing the work ourselves. Sixteen parks across ten states, about 350 on the team, and counting. This is that work up close, mistakes and all.

Monthly, more or less. Reply any time — we read every one.
A few to start with
No. 01
Why campgrounds.
Why we left institutional real estate to buy and run family-owned parks.
No. 02
Why we still underwrite on a napkin.
How we decide what a park is worth when the seller's numbers were never really ours.
No. 03
Two tenants.
Why a seasonal camper can be a better tenant than an apartment renter — and what the market pays for each.
Who writes it
Josh Weissenstein
Josh Weissenstein
Co-Managing Partner
Cody Sauer
Cody Sauer
Co-Managing Partner

Josh and Cody came out of institutional real estate and now buy and run family-owned campgrounds across the US. Groundwork is where they write down what they're learning.

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A Team Outsider publication.

Groundwork is for information only. It isn't an offer to sell or a solicitation to buy any security, and nothing here is investment, legal, or tax advice. Past results don't predict future performance.