Our Story

KCN started when Kevin Thueson purchased the Green River KOA in 2018. Kevin had left his job as an Auditor at PriceWaterhouseCoopers, convinced that he could find a way to incorporate his love of the outdoors with a career in real estate. He spent the first season he owned Green River living in a 100 square foot camping cabin onsite at the park, undertaking the changes, upgrades and improvements he’d envisioned during the purchase process.

As the business grew, so did the plan to scale and buy more parks so Kevin turned to his high school friend and college roommate Cam Bowen. Cam had moved to Texas for graduate school and had been investing in real estate and simultaneously building a wealth management business. Over 10 years Cam had built a portfolio of single family and multi-family rentals with over 100+ doors. Based on Cam’s history building a large real estate portfolio and raising capital from equity and debt partners Kevin approached Cam with the idea of partnering and buying additional campgrounds. The summer of 2020 brought the opportunity to buy both the Richfield KOA and Vernal/Dinosaurland KOA, which are each located in Utah within just a few hours from the Green River KOA. Both parks closed in December 2020 and similar to Green River each were purchased with a specific upgrade and improvement plan in place. Implementing these plans began immediately with a 32-site expansion in Richfield breaking ground within just a few weeks after closing.

Fast forward to 2021 on a warm summer night at the Green River KOA . Kevin and his daughter Joie were hosting friends Nate Thompson and his daughters Isabelle and Madeline. Joie and Isabelle went to school together in Seattle, and the Thompsons were on their annual summer road trip. Kevin was hosting at Green River, and everyone was enjoying the stay. Soon the conversation got around to the campground business overall. Nate had led numerous real estate projects in his past – working with investors to build multi-family and commercial property portfolios. From that conversation things moved quickly and before you know it, Nate joined the team as well and we formed the current incarnation of KCN! In 2022 KCN purchased 4 KOA Campgrounds, and we are actively working to keep growing the portfolio.

At KCN, we believe that there’s nothing quite like the great outdoors. Whether you’re a seasoned camper, a nature lover, or just someone who wants to escape the hustle and bustle of city life, we’ve got you covered. We’re always on the lookout for unique and beautiful properties that offer guests an unforgettable experience, whether it’s a cozy cabin in the woods, a luxury RV resort, or a breathtakingly beautiful campground in the mountains.

But our work doesn’t stop there. Once we’ve acquired a property, our team springs into action, providing all the services needed to improve and expand the property and manage it to the highest standards. From recruiting and staffing to finance, operations, marketing, and more, we take care of every detail, so that guests can focus on enjoying their stay.

Of course, we couldn’t have done it all without the support of our investors. If you’re looking to allocate capital to this growing real estate category, we’d be thrilled to hear from you. We’re always on the lookout for new partnerships and opportunities to grow our portfolio.

Whether you’re a guest, an investor, or a property owner, we invite you to join us on our journey to build a portfolio of the best outdoor hospitality properties in the world.

Building a World-Class Portfolio of Outdoor Hospitality Properties

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