Carlyle Group buys Citrus Park project for $72 million

An affiliate of Carlyle Property Investors has spent $72 million to acquire the Citrus Park mobile home and RV park in Bonita Springs, in one of the largest multifamily rental transactions in Southwest Florida in the past five years.

CPI Citrus Park Owner LLC, an affiliate Carlyle Property Investors that is a subsidiary of the giant Washington, D.C.-based investment firm Carlyle Group, bought the 420-acre property from Trost International Inc., Lee County property records indicate.