Paydar Properties

What Paydar Properties does

Paydar Properties, Inc. is a privately held, La Jolla-based commercial real estate investment and development firm founded in 1983 by Reza Paydar. The company specializes in the acquisition, development, and management of hospitality and commercial real estate, with a stated focus on undervalued and distressed assets, and has transacted in properties exceeding $2 billion in market value across more than 1 million square feet.

The firm operates as a vertically integrated platform organized around the parent company and three wholly-owned subsidiaries: A&I Development, Inc. handles construction management for residential and commercial projects; Sunland RV Resorts operates nine outdoor hospitality properties totaling 2,576 RV sites across California and Florida; and RMS North America, LLC provides cloud-based reservation and property management software to over 4,000 hospitality properties worldwide, including RV parks, hotels, motels, and apartment complexes. Notable development deals include Pinnacle Medical Plaza (anchored by Sharp Healthcare), a research facility for Scripps Research Institute, and The Plaza at Scripps Northridge (sold to TransAmerica).

Revenue mechanics are diversified across three streams: one-time development/acquisition economics (asset appreciation, sales, and leasing), recurring property management fees at Sunland's nine resorts, and subscription SaaS revenue from RMS North America's hospitality software customer base. Pricing is quote-based and not publicly disclosed. The go-to-market motion is direct enterprise engagement with institutional investors, property owners, and strategic partners, supported by a referral- and reputation-driven marketing approach; the company reports 1-10 employees at the central level while operating through its three subsidiary businesses.

Name

Paydar Properties

Legal name

Paydar Properties, Inc.

Website

https://paydarproperties.com

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

1–10 employees

Short description

Paydar Properties is a privately held, La Jolla-based commercial real estate investment and development firm founded in 1983. It operates a vertically integrated platform spanning property acquisition and development, construction management (A&I Development), RV resort operations (Sunland RV Resorts), and hospitality SaaS (RMS North America).

Ownership category

akta.pro rank

Product category

Commercial Real Estate Services

NAICS

Lessors of Real Estate (5311), Real Estate and Rental and Leasing (53), Residential Property Managers (531311)

SIC

Real Estate Dealers (For Their Own Account) (6532), Lessors Of Real Property, Nec (6519), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE)

akta.pro secondary industries

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL), Real Estate Transaction Advisory & Due Diligence (FSAEAJAJ)

Keywords

• Commercial real estate development
• Property management services
• Hospitality software solutions
• Construction management services
• RV resort operations

Headquarters

HQ city

La Jolla

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Commercial Real Estate Development: Acquisition, development, and optimization of commercial real estate properties including hospitality, RV resorts, medical offices, and biotech facilities. Revenue generated through property sales, leasing, and value appreciation.
2. Property Management Services: Ongoing management of commercial properties including RV resorts and hospitality assets under the company's portfolio companies.
3. Construction Management: A&I Development provides construction management services for residential and commercial projects, generating revenue through project-based construction oversight fees.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Paydar Properties is a privately held commercial real estate investment, development, and management company established in 1983 that acquires, develops, and optimizes hospitality and commercial properties. The company operates through wholly-owned subsidiaries: A&I Development provides construction management, Sunland RV Resorts operates RV resort properties, and RMS North America delivers cloud-based reservation management software to over 4,000 hospitality properties worldwide.

Product overview

Paydar Properties operates as a vertically integrated commercial real estate platform with four distinct business units: the parent Paydar Properties company handles real estate investment and development; A&I Development provides construction management services; Sunland RV Resorts operates RV resort properties; and RMS North America delivers cloud-based reservation management software. The portfolio encompasses hospitality properties across RV parks, hotels, apartments, and commercial real estate, with combined transactions exceeding $2 billion in market value.

Differentiator

Problem solved

Functional benefit

Brands

• Sunland RV Resorts: Premier RV resort operator managing 9 properties and 2,576 RV sites in California and Florida. Known for outdoor hospitality including site rentals, lot ownership opportunities, and luxury eco cottages.
• A&I Development, Inc.
• RMS North America

Products and services

• Paydar Properties Commercial Real Estate Investment & Development Acquisition, development, and optimization of commercial real estate properties including hospitality, medical offices, and biotech facilities, targeting institutional and private investors with transactions exceeding $2 billion in market value.
• A&I Development, Inc. Construction Management Services Construction management services covering permitting, scheduling, budgeting, and oversight for residential, commercial, and specialty projects including medical campuses, research facilities, and RV resorts, with over $200 million in completed projects.
• Sunland RV Resorts Operations Premier RV resort operations managing 9 properties with 2,576 RV sites across California and Florida, offering site rentals, lot ownership opportunities, and luxury eco cottages.
• RMS North America Reservation Management Software Cloud-based reservation management software serving over 4,000 hospitality properties worldwide, including RV parks, mobile home communities, hotels, motels, and apartment complexes, handling online bookings, day-to-day operations, and third-party channel integration.

Quantifiable outcome

• Over $2 billion in market value of transactions since 1983
• +4 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Five partnerships are on record, tiered core.

• Sharp Healthcare of Sharp Rees-StealycoreOthers · 1 January 2007Sharp Healthcare of Sharp Rees-Stealy signed a 10-year lease on the $35 million, 80,000 sq. ft. Pinnacle Medical Plaza developed by A&I Development. The building is shared by the organization and independent physicians.
• Lankford & Associates, Inc.coreStrategic or Co-development Partner · 1 January 2005Partnered with Lankford & Associates, Inc. to develop The Plaza at Scripps Northridge, a Class A speculative office building on one of the most premier lots along the I-15 corridor. The project reached completion in 2005 and was sold vacant to TransAmerica. Also collaborated on the Scripps Research Institute Department of Molecular & Experimental Medicine project.
• A&I Development, Inc.coreStrategic or Co-development PartnerAffiliate company handling construction management for Paydar Properties' development projects. A&I Development has overseen over $200 million in construction projects including medical campuses, office buildings, and RV resorts.
• Sunland RV ResortscoreStrategic or Co-development PartnerPortfolio company operating as one of the largest privately owned outdoor resort companies in the nation, with 9 RV resorts in California and Florida managing 2,576 RV sites.
• RMS North America, LLCcoreStrategic or Co-development PartnerPortfolio company providing cloud-based reservation management software for over 4,000 hospitality properties including RV parks, hotels, and apartment complexes worldwide.

Scale indicators6 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Thousand Trails / Equity LifeStyle Properties: Equity LifeStyle Properties is the largest publicly traded owner and operator of RV resorts and manufactured home communities in North America. Directly comparable to Sunland RV Resorts as a scaled owner-operator of outdoor hospitality sites with a long-duration site-rental revenue model.
• Kampgrounds of America (KOA): KOA is the largest system of franchised private campgrounds in North America with hundreds of RV and tent campgrounds. Directly comparable to Sunland as a national outdoor-hospitality operator; KOA operates via franchise while Sunland owns its sites, but the underlying customer and use case overlap.
• Resort Data Processing: Resort Data Processing (RDP) is a long-standing provider of property management and reservation software specifically for the RV resort, campground, and outdoor hospitality industry. Directly comparable to RMS North America's RV/campground software product, often competing for the same mid-market RV park operator customer.

Broad incumbents

• Sun Communities: Sun Communities is a publicly traded REIT that owns and operates manufactured housing, RV resorts, and marinas across the U.S. and Canada. Comparable to Sunland RV Resorts as an institutional outdoor-hospitality owner-operator, though materially larger and geographically broader.
• Pebblebrook Hotel Trust: Pebblebrook is a publicly traded lodging REIT that owns and invests in upper-upscale, independent, and lifestyle hotels across major U.S. markets. Broadly comparable to Paydar's hospitality asset acquisition, development, and management strategy, with focus on institutional-grade lodging real estate.
• Hersha Hospitality Trust: Hersha Hospitality Trust is a hospitality REIT focused on acquiring, developing, and managing boutique and lifestyle hotels in gateway urban markets. Comparable to Paydar in hospitality asset acquisition and active asset management, though with a different geographic and brand positioning.
• Marcus & Millichap: Marcus & Millichap is a leading commercial real estate investment services firm specializing in brokerage, financing, and advisory for institutional and private investors. Comparable to the investment/advisory arm of Paydar in commercial real estate transaction execution, though Marcus & Millichap operates without an owned portfolio.
• Realty Income Corporation: Realty Income is a large publicly traded net-lease REIT that owns and manages a diversified portfolio of commercial real estate, with growing exposure to hospitality and experiential assets. Broadly comparable to Paydar's net-leased commercial real estate strategy and institutional lease execution, though at vastly greater scale.

Emerging players

• NewBook (Jonas Software): NewBook is a cloud-based property management platform focused on holiday parks, RV resorts, and campgrounds, now part of Jonas Software. Comparable to RMS North America as a cloud reservation and operations platform targeting the same RV and outdoor-hospitality customer base, with stronger feature breadth and corporate backing.

Regional players

• Manchester Financial Group: Manchester Financial Group is a San Diego-based real estate investment and development firm focused on hospitality, office, and mixed-use assets in Southern California. Regionally comparable to Paydar's La Jolla/San Diego commercial real estate development pipeline, with overlap in hospitality and medical office asset classes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Paydar Properties