Aspen Group (ASX:APZ) exchanged contracts to acquire Highway 1 Caravan & Tourist Park for AUD 23 million on September 26, 2018. The contract also includes a call option to purchase adjacent expansion land of 4.64 hectares providing the ability to facilitate further expansion of the business. The transaction will be funded through existing debt facility provided by the bank. Settlement is schedules to take place in mid October 2018.