Alex Soundy and Reggie Kuipers represented the seller in the sale of Camp Lakodia, also known as Fostering Hope in Madison, SD.
There was a significant amount of interest throughout the marketing of this asset. Soundy mentioned how fascinating it was to hear all the plans and ideas from potential buyers. The camp will now be known as Prairie Shores.
Camp Lakodia has a deep-rooted history of service. According to Camp Lakodia Private Resort, this camp was built on the shores of Lake Herman in 1941 as a Works Process Administration (WPA) project. For over 60 years, this site operated as a 4-H camp. From 2002-2014, Camp Lakodia served as a camp facility for the hearing-impaired under the ownership of Communication Service for the Deaf. In 2014, Fostering Hope, a South Dakota based non-profit organization, purchased the property to provide camp and retreat opportunities for foster children, children of abuse and neglect, and other children in need.
In addition to camp and retreat opportunities, Camp Lakodia will continue to hold other events such as weddings, reunions, banquets, conferences, meetings, and more. Between their bunkhouses, modern cabins, and Turk Lodge, they also offer lodging options to house up to 150 people.
“Being a part of this transaction was gratifying as it’s a well-known camp that has great history. It was clear that this camp was near and dear to their hearts. They are eager to see the buyers uphold the camp’s longstanding tradition that provides good value,” Soundy said.