Integrated Leadership & Execution
Guided by deep sector experience and a unified approach, our team combines seasoned industry leadership with talent across finance, accounting, legal, strategy and operations, fostering a culture of delivering excellence across every aspect of our work.
The Beginning of
a New Vision
2025
Bringing a Category-Defining Leader to the Team
In June 2025, Dave Napp joined American Leisure Properties, partnering with Sam Napp and Daniel Robles to round out a new generation real estate investment, ownership and management company. The addition reinforced the company's commitment to exceptional leisure experiences for institutional-grade land-lease communities, RV resorts and saltwater marinas in high demand desination markets.
2025
Assembling a Best-in-Class Waterfront Portfolio in the Florida Keys
In March 2025 American Leisure Properties acquired Sunset Harbor, Ocean Breeze and the Hideaway – three waterfront properties in the Florida Keys – from Sun Communities. The portfolio includes two best-in-class communities and one asset offering significant upside potential through redevelopment. Located in prime submarkets within one of the nation’s most high demand and supply-constrained residential regions, the communities exhibit high occupancy and collectively comprise 135 manufactured home sites with updated amenities and direct water access.
2022
Transforming a Strategic Coastal Asset into a Premier Marina Destination
Founded by Sam Napp and Daniel Robles, American Leisure Properties acquired its first property and transformed a strategic coastal site in Key West into Happy Landings Marina. Now featuring 75 wet slips and 68 in-slip boat lifts (10,000-24,000 lbs. capacity), the marina offers 24-hour secure access, full utility hook-ups and direct Gulf/Atlantic waterway access. Plans are underway to develop a marina office with supporting amenity space and two townhomes. From initial vision to execution, American Leisure is creating value and providing elevated boating experiences.
Guided By
Dave Napp & Demonstrated Sector Performance
2017–2024
Founded Cove Communities and Built a Long-Term Investment Platform Across Three Countries
Dave Napp founded Cove Communities to focus on long-term investments in MH communities, RV resorts and holiday parks in Florida, California, Maine, Georgia, South Carolina, the UK and Canada. From 2017 to 2023, Cove acquired 55 properties with over 20,500 sites and an aggregate value exceeding $3.25 billion. Dave spearheaded U.S.-based investors' entry into the UK holiday and residential park sector, inspiring subsequent investments by Blackstone and Sun Communities. Dave retired in 2024, selling his interest to Cove’s equity investors, Public Sector Pension (PSP) and Montgomery Street Partners.
2005–2016
Founded Carefree Communities and Delivered Industry Firsts in Land-Lease Finance & Expansion
As Founder and CEO, and backed by equity investors Alamac Realty and Centerbridge Partners, Dave Napp led Carefree Communities to acquire, own and operate 107 properties with over 30,750 sites across Florida, California and Canada. Dave became one of the first United States-based investors to acquire, own and operate Canadian land-lease communities and resorts. Dave and Centerbridge Partners led the industry’s first single-borrower CMBS bond issuance for the land-lease sector – a landmark $850 million transaction facilitated by JP Morgan, Goldman Sachs and Citibank. Carefree was sold to Sun Communities (NYSE: SUI) in June 2016 for $1.7 billion.
1996–2004
Launched Encore Communities and Redefined the RV Resort Industry Through Institutional Investment
In 1996, Dave founded National Home Communities with the acquisition of six land-lease properties. In 1999, NHC was rebranded as “Encore Communities”, becoming the first institutionally-owned and operated national RV resort brand in the United States. Encore paved the way for institutional capital to enter the RV resort sector. The company grew to 59 properties with over 20,920 sites, culminating in a multi-party sale, the largest of which was to Equity Lifestyle Properties (NYSE: ELS) in 2004.
