A conference call to discuss the acquisition will be held today, Tuesday, September 29, 2020 at 10:00 A.M. (ET). In October 2020, the company merged with the real estate investment trust Sun Communities Inc. in a deal valued at approximately $2.1 billion, according to releases from the companies. Rybovich, the premier US destination and service provider for the superyacht industry, joins the Safe Harbor … This field is for validation purposes and should be left unchanged. Helping our Members tell the most treasured stories of their lifetime. The Company undertakes no obligation to publicly update or revise any forward-looking statements included in this press release, whether as a result of new information, future events, changes in its expectations or otherwise, except as required by law. Complementary High Barrier to Entry Platform Enhances Internal and External Growth Opportunities - Conference Call Today at 10:00 AM ET. Inbox Communications, Inc. All Rights Reserved.made by VSSL Agency. Many of its marinas offer amenities that include restaurants, playgrounds and pools. Source: This press release contains various “forward-looking statements” within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, and the Company intends that such forward-looking statements will be subject to the safe harbors created thereby. The company offers flexibility in defining cash out versus equity roll-in, provides financial strength for all-cash transactions, tax-efficient transaction structures, helping clients in creating value at their marina. Safe Harbor Marinas owns and operates 101 marinas that provide rental yachts and small boats for individuals and businesses. Safe Harbor believes that life should be enjoyed to the fullest and are dedicated to creating places where people can have fun and enjoy every moment. Safe Harbor Marinas is the largest owner and operator of marinas in the world. “The company was formed in 2015 and is backed by American Infrastructure MLP Funds,” said Patrick Kenney, who will remain at Aqualand as general manager. Modern conveniences like the automated 24/7 fuel dock are designed with both recreational boaters and fishermen in mind make for an idyllic launch point for summer days on the water. A conference call to discuss the acquisition will be held today, Tuesday, September 29, 2020 at 10:00 A.M. (ET) . The transition from marinas to RV Resorts was natural for Safe Harbor with their first RV Resort venture located adjacent to one of their marinas. the level of repossessions by manufactured home lenders. Baxter has 3 jobs listed on their profile. Alert for COVID-19. Safe Harbor is a leading owner-operator in the space and we are excited to join forces in order to grow this portfolio of irreplaceable premier assets. Safe Harbor Marinas finalizes an industry groundbreaking merger with Sun Communities, Inc. which gives us an unparalleled opportunity to expand and invest in our boating network. Safe Harbor’s full operating team, led by Baxter Underwood, will run Safe Harbor as a subsidiary independently from Sun’s manufactured home and recreational vehicle … Dallas-based Safe Harbor Marinas, which owns 80 marinas in 18 states, issued a prepared statement earlier this month announcing the purchase, saying … All slips at the marina are presently full and there is a waiting list. About Safe Harbor Marinas Safe Harbor Marinas is the largest owner and operator of marinas in the world. The company owns and operates North America’s premier network of marinas. In November, the Dallas-based company acquired Hideaway Bay Marina in Georgia, expanding its portfolio to 90 facilities across 20 states, including Florida and California. See This Year’s Marina Honorees. Citigroup acted as financial advisor to the Company and Jaffe, Raitt, Heuer & Weiss, Professional Corporation acted as legal advisor. Rybovich owner and CEO, Wayne Huizenga Jr., said that the acquisition agreement has been designed to increase market share and future growth for the newly-combined company, which includes Rybovich 's recently expanded service facility in Riviera Beach. Subject to closing adjustments, the aggregate purchase price for Safe Harbor is approximately $2.11 billion. With the addition of New England Boatworks, Safe Harbor Marinas now owns and operates 80 marinas in 18 states. South Harbour Village Marina, located in Southport, is Safe Harbor’s second North Carolina property; the company also owns Westport Marina on Lake Norman. "Safe Harbor’s scale and unique positioning, coupled with the fragmented marina industry, should provide us with incremental channels to drive shareholder value in the coming years," said Gary A. Shiffman, Sun’s Chairman and CEO. For this purpose, any statements contained in this press release that relate to expectations, beliefs, projections, future plans and strategies, trends or prospective events or developments and similar expressions concerning matters that are not historical facts are deemed to be forward-looking statements. Whether unwinding with friends poolside at home port or cruising an expansive coastline, you’ll have access to premium locations, amenities, events and an unparalleled boating lifestyle. ", Baxter Underwood said, "The opportunity to join the Sun platform is an exciting development for Safe Harbor. Sun Communities, a REIT that owns and operates or has an interest in manufactured housing and recreational vehicle communities, has entered into a definitive merger agreement to acquire Safe Harbor Marinas, marina owner and operator in the United States. Our casual atmosphere and breathtaking views in our Mayport location offer one of a kind dining, which is why we regularly recognized as the best seafood in the state. About Safe Harbor Marinas Safe Harbor Marinas owns and operates the largest family of marinas in the United States.Based in Dallas, Texas, the company is … Exquisite sunrises and brilliantly colorful sunsets make Safe Harbor Bohemia Vista an idyllic waterfront home for early birds and night owls alike. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS. Safe Harbor’s portfolio of high quality, prime coastal market marinas generates recurring rental income from annual and seasonal leases and further diversifies Sun’s geographic and demographic footprint. 1502. Safe Harbor Marinas, LLC has acquired Newport Shipyard in Newport, RI and increased its portfolio of assets to 85 facilities across 19 states. Safe Harbor currently owns/manages 31 marinas across 12 states totaling over 20,000 wet and dry slips, and is currently processing additional acquisitions in its pipeline. The addition of Newport Shipyard is part of the company's ongoing strategic expansion and diversification of its holdings. "This transaction increases our geographic and customer diversity and introduces a new platform that can enhance our ability to generate industry leading returns. Exquisite sunrises and brilliantly colorful sunsets make Safe Harbor Bohemia Vista an idyllic waterfront home for early birds and night owls alike. Follow the links below to get involved, and may your holiday be filled with unforgettable memories on the water! Apply to Customer Service Representative, Community Service Officer, Operations Associate and more! © 2021 Scuttlebutt Sailing News. 122 Safe Harbor Marinas jobs available on Indeed.com. Based in Dallas, Texas, the company is dedicated to providing exceptional service … The mix of consideration will depend on the amount of common and preferred OP units the sellers elect to receive and other factors. The acquisition, which is expected to be accretive to 2021 Core FFO per share, will comprise approximately 15% of the Company’s pro forma total annual rental revenue. The company owns and operates North America’s premier network of marinas. With the acquisition of Brewer Yacht Yard, Safe Harbor now owns 63 properties across 17 U.S. states. Simply Marinas announced the sale of South Harbour Village Marina on the North Carolina coast to Safe Harbor Marinas in October 2019. The 2020 Marinas.com Boaters’ Choice Awards Recipients Are Here! As the largest marina company in the world, Safe Harbor Marinas now owns & operates 75 marinas. Come see the boats offload fresh caught seafood directly into our kitchen and then to your plate. Safe Harbor owns and operates 101 marinas, manages five marinas on behalf of third parties and has an approximate 40,000-member network of boat owners across 22 states. Southfield, Michigan, Sept. 29, 2020 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE: SUI) (the "Company" or “Sun”), a real estate investment trust (“REIT”) that owns and operates or has an interest in manufactured housing and recreational vehicle communities, today announced that it has entered into a definitive merger agreement to acquire Safe Harbor Marinas, LLC (“Safe Harbor”). To participate, call toll-free 877-407-9039. Safe Harbor’s full operating team, led by Baxter Underwood, will run Safe Harbor as a subsidiary independently from Sun’s manufactured home and recreational vehicle community business. Full service marina & Restaurant see sunsetcafemd.com . Safe Harbor Marinas was built in partnership with American Infrastructure Funds, Koch Real Estate Investments, Weatherford Capital, and Guggenheim Partners. Marina Waitlist Application (PDF) Safe Harbor Marinas, the … As we celebrate our freedom, we’d like to invite you to join us in supporting Folds of Honor to provide scholarships for the children and spouses of fallen and disabled service-members. Marinas Harbors Anchorages Inlets Bridges Locks Lighthouses Ferries Landmarks Ramps. “Safe Harbor will operate independently from Sun’s other businesses, but we will benefit from their tremendous strength. Launched in 1997, Scuttlebutt provides sailing news with a North American focus. Safe Harbor Marinas, LLC has acquired Newport Shipyard in Newport, RI and increased its portfolio of assets to 85 facilities across 19 states. 31,283 were here. We are proud of our work in making Safe Harbor the industry leader and were extremely careful in selecting the right partner to facilitate Safe Harbor’s continued growth. Fast Casual Dockside Dining. January 2021 Rybovich . Safe Harbor owns and operates the world’s largest boating network. Safe Harbor Marinas LLC owns and operates recreational vehicles. Safe harbor (broadcasting), established in 1978 in the US, the time period in a television schedule during which programs with adult content can air Safe Harbor, a 1999 television drama starring Gregory Harrison and Rue McClanahan "The Safe Harbor", a 2006 episode of The O.C. Blog; Weather; Classifieds. Safe Harbor … Prime Marina is in negotiations to sell its entire Martha’s Vineyard business operation to Safe Harbor Marinas, a large and growing owner and operator of boat yards … A replay will be available following the call through October 13, 2020, and can be accessed toll-free by calling 844-512-2921 or by calling 412-317-6671. Safe Harbor is the largest and most diversified marina owner and operator in the United States. We are committed to continuing the growth of our marina portfolio by harnessing Sun’s advantageous cost and form of capital.”. When you become a Member of Safe Harbor, you become a Member of our entire portfolio. Colliers International has brokered the sale of Mears Point Marina and Great Oak Landing, two marinas located on Chesapeake Bay near Annapolis, Maryland. We docked the boat in the Charleston area, and after having it surveyed we motored to Safe Harbor Boatyard Charleston, a subsidiary of Safe Harbor Marinas LLC, on July 30, 2020. Boats for Sale Slips for Sale/Rent Waterfront Real Estate. From feasibility and construction to completion and operation, Safe Harbor has the expertise to launch and sustain successful projects from hotels, restaurants, and attractions to mixed-use developments and marinas. Safe Harbor Marinas General Information Description. This July 4th Safe Harbor Marinas is standing for those who have stood for us. Rybovich Acquired by Safe Harbor Marinas By Diane M. Byrne on 01.04.21 Privately owned for decades, the Rybovich marinas and service yards in Florida are now part of Safe Harbor Marinas. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievements. Welcome • https://shmarinas.com/locations/ Elegant riverfront mansions and magnificent sunrises and sunsets provide a timeless backdrop for Safe Harbor Crystal Point. … “The transaction with Safe Harbor Marinas is a continuation of our forward-thinking strategic positioning and represents a very compelling growth opportunity,” Shiffman said. To use Safe Harbor Marinas, we recommend using the latest versions of Chrome, Firefox, Edge on Windows or Chrome or Safari on Mac It owns and operates 101 marinas, manages five marinas on behalf of third parties and has an approximate 40,000-member network of boat owners across 22 states. Safe Harbor Marinas, the nation's largest marina owner-operator with nearly 100 locations in the U.S., purchased the properties from Meisel & Cohen … Map; Explore. DALLAS, July 10, 2018 /PRNewswire/ -- Safe Harbor Marinas, the world's largest owner and operator of marinas, announced today that Koch Real Estate Investments, an … Callers outside the U.S. or Canada can access the call at 201-689-8470. The company offers flexibility in defining cash out versus equity roll-in, provides financial strength for all-cash transactions, tax-efficient transaction structures, helping clients in creating value at their marina. But for those who need your fix of the old Scuttlebutt, you can visit the old site, for a limited time. Safe Harbor owns and operates over 100 marinas in 22 U.S. states. SECTOR. Helping our Members tell the most treasured stories of their lifetime. Moelis & Company LLC acted as lead financial advisor and Citizens Capital Markets also acted as financial advisor to Safe Harbor and Sidley Austin LLP and Duane Morris LLP acted as legal advisors. Sun Communities (SUI), a real estate investment trust involved in manufactured housing and recreational vehicle communities, has entered into a definitive merger agreement to acquire Safe Harbor Marinas, the largest and most diversified marina owner and operator in the United States. Safe Harbor Marinas was built in partnership with American Infrastructure Funds, Koch Real Estate Investments, Weatherford Capital, and Guggenheim Partners. ... 36 months, after which Safe Harbors was acquired by Sun Communities (or similar name) which owns and develops Manufactured Home Communities in the West and Midwest.
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