Suntex Marinas

Suntex Ventures Announces Merger with Big D Boat Club & Watersports

swadmin78 — Mon, 06 May 2013 22:09:54 +0000

DALLAS, TEXAS (May 1, 2013)

Suntex Ventures, the Dallas-based owner and operator of marina properties, announced today that it has merged with Big D Boat Club & Watersports. The new operation will be called Suntex Boat Club & Watersports. Terms of the agreement were not disclosed.

Suntex Boat Club will initially be launching boat clubs and rentals on Lake Allatoona at Glade Marina in Acworth, GA, and at Amelia Island Yacht Basin in Fernandina Beach, FL. Vrankin said, “The merger of Suntex and Big D Boat Club, LLC is a big step in revolutionizing the marina industry. We truly want to become the first marina organization that offers everything under one roof for its customers–boat storage, service, boat rentals, and boat club, along with various other convenient amenities for our boaters. Suntex can provide options for every level boater.”

Big D Boat Club & Watersports, founded in 2009, has operated boat clubs and boat rentals in the Dallas-Fort Worth Metroplex on Lake Ray Hubbard, Eagle Mountain Lake and Lake Lewisville. It is a rental boat club membership business with a vision of introducing people to the boating lifestyle in a more cost effective way. Memberships provide access to the boat club’s fleet of pontoons, ski and fishing boats, deck boats, wakeboard boats and jet skis. The memberships also include all the gear and accessories. When members arrive at the marina, their reserved boat is clean, full of fuel, staged with the requested water toys and life jackets, and ready for a day on the water.

“This merger and partnership made sense for Big D Boat Club to grow into markets we desire,” explained Monty Kitchen, founder of Big D Boat Club/Director of Suntex Boat Club & Watersports. “Suntex is very customer- driven in how it operates and that was extremely important to me. We had no desire to grow without a partner that sees business the same way we do, customer service is number one. Unlike other franchise-type marina boat clubs across the country, we will be the first to bring customers in as renters or club members, and then maintain that relationship for life.”

Suntex Marinas and now Suntex Boat Club are subsidiaries of Suntex Ventures, a real estate company investing exclusively in niche mixed-use marinas and their related operating platforms. They have acquired, developed, and operated over 30 full-service marinas in the United States, the Caribbean, and Mexico for nearly 20 years. Over the course of these years, Suntex has developed a solid reputation by being dedicated to their customers, clients, guests, communities, employees, and investors. “We are thrilled that the Big D Boat Club is now a part of the Suntex family,” stated Joe Vrankin, Partner & Chief Operating Officer of Suntex Ventures. “Monty Kitchen has built a first-class business and by combining his club with the Suntex group we have the opportunity to gain the synergies from our marinas. We believe this will result in an even higher level of guest service combined with a high-quality, consistent line of boats in the club at every location. Our plan is to grow the boat club to two additional Suntex marina locations this season and eventually open a Suntex boat club at all of the marinas in the Suntex family.”

www.suntexmarinas.com

www.suntexboatclub.com

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MarinaLife Article- BUILDING A COMPANY FOR SUCCESS, ONE MARINA AT A TIME

swadmin78 — Mon, 11 Mar 2013 19:12:05 +0000

Suntex Ventures | Marinalife Magazine

Source: marinalife.com

Suntex Ventures Building a company for success,one marina at a time

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Suntex Ventures Acquires Glade Marina on Lake Allatoona near Atlanta, GA

swadmin78 — Wed, 02 Jan 2013 17:40:38 +0000

DALLAS, TEXAS (December 31, 2012)

Suntex Ventures with its subsidiary Suntex Marinas, the Dallas-based owner and operator of marina properties, are pleased to announce the acquisition of Glade Marina near Atlanta, GA, on Lake Allatoona. The marina features 267 in-water slips for boats up to 70 feet, 105 covered and uncovered dry storage spaces, and 4 private launch ramps. The property is nestled on 137 acres of natural park-like woodlands with shaded picnic areas and a variety of nature walks to enhance the boating experience.

“Suntex is thrilled to have the opportunity to participate in the Atlanta area market,” Chris Petty, Suntex Marinas President, said. “Glade Marina truly is a gem, and we have plans to immediately add 50 new slips to the project and further enhance the customer experience on Lake Allatoona.”

This transaction marks the ninth acquisition by Suntex in 2012, including Saylorville Lake Marina near Des Moines, IA, Crosswater Yacht Club and Hurst Harbor Marina on Lake Travis in Austin, TX, Bay Pointe Marina near Boston, MA, Pier 25 in the New York Harbor, and a portfolio of three marinas on Eagle Mountain Lake, in Fort Worth, TX. Suntex now owns and operates a portfolio of sixteen marinas and one marina loan. The Suntex vision is to be the pre-eminent resort marina company in the world and is actively seeking premier marinas around the world for acquisition.

The Suntex team is enthusiastic regarding the opportunity to work with its tenants and guests to enhance the community and stakeholders. Financing for the transaction was provided by American Bank of Texas.

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Liberty Landing Marina Announces that they are the First Marina Open for Business Post Hurricane Sandy

swadmin78 — Sun, 04 Nov 2012 15:34:14 +0000

JERSEY CITY, NJ (November 3, 2012)

Suntex Marina’s premier destination, Liberty Landing Marina, in New York Harbor announced that they are fully-operational following Hurricane Sandy and are able to accept winter storage contracts and transients that are looking for safe harbor for their vessels.

While many marinas in the area were devastated by the wrath of Hurricane Sandy, the team at Liberty Landing pulled together and worked around the clock in order to reopen their docks. ”After watching Hurricane Sandy annihilate the Jersey coast, Staten Island and the Rockaways, I asked my team to dig deep in order to re-open our doors to all boaters in need of a new home ” said General Manager, Ron TenEyck, a leader in the marine industry for over twenty-five years. ”It has been less than one week since Hurricane Sandy, and we are proud to say, we are open!”

The Liberty Landing Marine Center will open their doors November 4, 2012 to start accepting winter contracts and sell cleaning and winterization products. Liberty Landing Marina will be open every day from 9:00 am – 3:00 pm to accommodate all your boating needs. Please email Liberty Landing Marina at info@libertylandingmarina.com or call (201) 433-1387 with all concerns regarding dockage, service work and marine supplies.

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Suntex Ventures Acquires Three Marinas on Eagle Mountain Lake near Fort Worth, TX

swadmin78 — Thu, 01 Nov 2012 18:45:04 +0000

DALLAS, TEXAS (November 1, 2012)

Suntex Ventures with its subsidiary Suntex Marinas, the Dallas-based owner and operator of marina properties, are pleased to announce the acquisition of a portfolio of three marinas near Fort Worth, Texas, on Eagle Mountain Lake. The portfolio consists of Eagle Mountain Marina, Lake Country Marina, and Harbor One Marina. Combined, the marinas feature 910 in-water slips, 242 indoor boat storage spaces, ample outdoor boat and trailer storage, fuel docks, ship stores, boat rentals, boat service centers, and restaurants. The marinas are located north of downtown Fort Worth, and on the East and Southeast shores of Eagle Mountain Lake

“Suntex is extremely excited about this opportunity to add three prime marinas to our Dallas/Fort Worth portfolio,” Bryan Redmond, Suntex Principal, said. “We plan to immediately improve these properties through several capital improvement projects and are committed to enhancing the customer experience for the current boaters and future customers alike on Eagle Mountain Lake.”

This transaction marks the fourth acquisition by Suntex in 2012, including Saylorville Lake Marina near Des Moines, IA, Crosswater Yacht Club on Lake Travis in Austin, TX, and Bay Pointe Marina near Boston, MA. Suntex now owns and operates a portfolio of fifteen marinas and one marina loan with a total value of approximately $170M. The Suntex vision is to be the pre-eminent resort marina company in the world and is actively seeking premier marinas around the world for acquisition.

The Suntex team is enthusiastic regarding the opportunity to work with its tenants and guests to enhance the community and stakeholders. Financing for the transaction was provided by Capital One.

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Amelia Island Yacht Basin announces the Grand Re-opening of their Marine Store and Service Center

swadmin78 — Mon, 22 Oct 2012 19:57:27 +0000

FERNANDINA BEACH, FL (October 22, 2012)

Amelia Island Yacht Basin, a Suntex Marinas property, announced today the grand re-opening celebration of their Marine Store and Service Center. The Grand Re-opening is scheduled Saturday, November 3rd and Sunday, November 4^th at the Amelia Island Yacht Basin in Fernandina Beach, Florida. The Marine Store and Service Center are conveniently located at 251 Creekside Drive in Fernandina Beach, FL or at channel marker 13 on the intercoastal waterway

Responding to the needs of local boaters and anglers, this newly re-designed store will cater to the needs of all recreational boaters. With the closest marine store located over 25 miles away, Amelia Island Yacht Basin, with the support of West Marine, will carry all of your necessary marine products such as oil, head deodorizer, environmentally friendly cleaning products, charts, fishing tackle, marine fasteners, polarized sunglasses, marine apparel and much more.

Tom Moore, General Manager of Amelia Island Yacht Basin, said “the new store at Amelia Island Yacht Basin will be a key stopping point along the intercoastal waterway for those looking to re-provision their boats as they head south to warmer waters.” “Our goal is to take care of our customers from the moment they walk in that door. If we don’t have what they need on the shelf, we’ll get it delivered here the next day.”

That kind of customer service is what local boaters have come to expect from Tom Moore and Amelia Island Yacht Basin. Recently Moore and his staff upgraded their Service Center by purchasing a new 50T marine travelift. The new 50T BFM II will allow Moore and his crew similar access to the bay while being able to transport heavier boats. The new travelift has features that allow sail boaters and fisherman alike to easily haul without having to rearrange their rigging. The new marine travelift is a welcome addition to the full-service yard at Amelia Island Yacht Basin.

Head down to Amelia Island Yacht Basin for their November 3rd and 4th Grand Re-opening Celebration, and you will be sure to walk home a winner with prizes and giveaways all weekend long! Stop by the Marine Store between 9am-5pm either day for a chance to win and see what we have done. Raffle prizes include gift certificates, marine products and a boat charter. You can also enter a chance to win a free slip for a year at Amelia Island Yacht Basin (value of up to $4000) by spending $250 or more in the Marine Store.

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Suntex Ventures LLC and Harrison Street Real Estate Acquire Bay Pointe Marina and Seacrest Marine Services near Boston, MA

swadmin78 — Wed, 29 Aug 2012 21:56:46 +0000

DALLAS, TEXAS (August 17, 2012)

Suntex Ventures, the Dallas-based owner and operator of marina properties, in conjunction with Harrison Street Real Estate Capital, the Chicago-based real estate private equity firm, is pleased to announce the acquisition of the Bay Pointe Marina and Seacrest Marine Services in the historical town of Quincy, Massachusetts. This marina location offers convenient access to the Boston Harbor, Massachusetts Bay, and the Atlantic Ocean.

Bay Pointe Marina is a multi-faceted marine property that consists of 6.97 acres of upland with 258 wet slips that can accommodate vessels up to 200 feet. Bay Pointe Marina contains a first-class amenity base consisting of a full-service marine repair company; renowned restaurant, The Inn at Bay Pointe; winter dry storage; and fuel dock.

“Bay Pointe Marina is truly a hidden jewel of the Northeast. Quincy, Massachusetts has unbelievable history and charm,” Jon Meyers, Vice President of Mergers and Acquisitions of Suntex Ventures, said. “We see it poised for significant growth in the coming years. We could not have found a more perfect asset for our entry into the Boston market.”

This transaction marks the third acquisition by Suntex Ventures in 2012, including Saylorville Lake Marina near Des Moines, IA and Crosswater Yacht Club on Lake Travis in Austin, TX. Suntex Ventures now owns and operates a portfolio of twelve marinas and one marina loan with a total value of approximately $150M. The Suntex vision is to be the pre-eminent resort marina company in the world and is actively seeking premier marinas around the world for acquisition.

The Suntex team is enthusiastic regarding the opportunity to work with its joint venture partner, tenants, guests, and the State of Massachusetts to enhance the community and stakeholders. Financing for the transaction was provided by American Bank of Texas.

About Suntex Ventures

Suntex Ventures www.suntexventures.com is a Dallas-based real estate fund designed to own and operate mixed-use waterfront properties including marinas, office, retail, hotel, and other select assets. Through its subsidiary, Suntex Marinas, the firm provides marina and property management services throughout its portfolio. Based upon proprietary underwriting, experience, and historical success, they are focusing on high-end resort destinations.

Contact:

Johnny Powers

Principal & CEO

Suntex Ventures LLC

(972) 789-1400

info@suntexventures.com

About Harrison Street Real Estate Capital, LLC

Harrison Street is a real estate private equity firm founded in 2005 that directly and through its affiliates, has approximately $3.5 billion in Assets Under Management (AUM) through commingled funds and public securities products. The commingled funds focus exclusively on the Education, Healthcare and Storage segments of the US real estate market. The firm’s funds are differentiated, disciplined in focus, and strongly align the interests of investors with that of the sponsor. Harrison Street Securities LLC currently manages over $450 million in REIT securities through three, distinct long only investment vehicles. As of June 2012, the firm currently owns more than 200 assets valued at $3.2 billion which include over 21,000 student housing beds, 5,900 senior housing / assisted living units, over 71,000 self storage units, 1.2 million square feet of medical office space and 4,600 wet & dry boat storage units.

Between Harrison Street Real Estate Partners I, L.P., Harrison Street Real Estate Partners II, L.P., Harrison Street Real Estate Partners III, L.P., and Harrison Street Core Property Fund, the firm has raised more than $1.4 billion of capital from over 75 limited partners consisting of pension funds, endowments, family offices and foundations.

Contact:

Christopher N. Merrill

Co-founder, President & CEO

Harrison Street Real Estate Capital LLC

312-920-1851

cmerrill@harrisonst.com

www.harrisonst.com

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Suntex Ventures, LLC Announces Hurst Harbor Marina Merger with Crosswater Yacht Club in Austin, Texas

swadmin78 — Wed, 29 Aug 2012 21:51:33 +0000

DALLAS, TEXAS (August 6, 2012)

Suntex Ventures, the Dallas-based owner and operator of marina properties, in conjunction with private investors, announced the merger of MOF Hurst Harbor, LP and Crosswater Yacht Club, LP of Austin, Texas creating a new company called, Hurst Joint Venture, LP. The result of the merger is that in addition to Suntex’s Hurst Harbor Marina, building will soon commence on Crosswater Yacht Club (CYC), the newest marina project on Lake Travis. The new facility will feature 247 wet slips, a ship store with fuel dock, golf cart access to the docks for slip owners, an integrated wave attenuator, a paved 125 space parking lot, gated entry and large common deck area that will give Crosswater Yacht Club an unmistakable “Club” feel. Many of the new marina slips will also feature private patios at the slip.

Construction is expected to commence immediately with a tentative soft opening by December 2012. Approximately 111 acres, the Crosswater Yacht Club site is located in Lakeway, TX along the south shore of Lake Travis and is approximately 10 miles west of Austin, TX. The marina will be situated on the main body of Lake Travis, just northwest of the current Suntex Marina property, Hurst Harbor Marina.

“Suntex partners have owned and operated five marinas on Lake Travis. We are excited to undertake our first development project in this vibrant market. We believe that Crosswater Yacht Club is positioned to be a premier destination for recreational boaters in the heart of Texas,” Chris Petty, President of Suntex Marinas, said.

Roland Adams, lifelong resident of Lake Travis and General Manager of Hurst Harbor Marina will be at the helm of both projects. “This new opportunity to operate a marina that will provide such great access to the docks at just about any lake level has my whole team excited,” said Roland Adams. “We can’t wait to start providing the customer service level we know will be the highest on Lake Travis and quite possibly the entire state. “

This transaction marks the third acquisition by Suntex Ventures in 2012, including Saylorville Lake Marina near Des Moines, IA and Bay Pointe Marina near Boston, MA. Suntex Ventures now owns and operates a portfolio of twelve marinas and one marina loan with a total value of approximately $150M. The Suntex vision is to be the pre-eminent resort marina company in the world and is actively seeking premier marinas around the world for acquisition.

The Suntex team is enthusiastic regarding the opportunity to work with its joint venture partners, tenants, customers, and the State of Texas to enhance the community and stakeholders. Financing for the transaction was provided by American Bank of Texas.

For more information about Suntex’s portfolio of premier destination marinas, visit www.suntexmarinas.com .
About Suntex Ventures

Contact:

Johnny Powers

Principal & CEO

Suntex Ventures LLC

(972) 789-1400

info@suntexventures.com

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Suntex Ventures, LLC Acquires Amelia Island Yacht Basin in Fernandina Beach, Amelia Island, Florida

swadmin78 — Wed, 22 Aug 2012 22:52:45 +0000

DALLAS, TEXAS (November 3, 2010)

Dallas group has added first marina in Florida to their expanding national network.

Suntex Ventures, LLC, a Dallas-based real estate fund focused on owning and operating mixed-use waterfront properties, announced today that it has acquired Amelia Island Yacht Basin near the Jacksonville, FL, area in the city of Fernandina Beach on Amelia Island.

Amelia Island Yacht Basin is a full-service marina on a first-class resort island on one of the East Coast’s most-refined and relaxing resort destinations. The marina consists of 90 acres of upland and submerged land with 146 wet slips and 224 dry slips. It also features a service department, ship store, a yacht sales broker, and a newly built tiki bar.

The acquisition was made through a partnership between Suntex Waterfront Capital, LP and other private investors. The property will be managed by Suntex Waterfront Management, led by Andy Chafoulias and Chris Petty.

“We are extremely excited to add this unique asset to the Suntex portfolio given its beautiful location and broad range of amenities,” said Bryan Redmond, Suntex principal. “We plan to immediately improve the property, further enhance the customer experience and become a part of the wonderful Amelia Island community”

About Suntex Ventures

Suntex Ventures www.suntexventures.com is a real estate fund designed to own and operate mixed-use waterfront marina properties. Based upon proprietary underwriting, experience, and historical success, they are focusing on high-end resort destinations.

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Suntex Ventures LLC and Harrison Street Real Estate Acquire Liberty Landing Marina Near Statue of Liberty

swadmin78 — Wed, 22 Aug 2012 22:48:36 +0000

DALLAS, TEXAS (January 12, 2011) Suntex Ventures, the Dallas-based owner and operator of marina properties, in conjunction with Harrison Street Real Estate Capital, the Chicago-based real estate private equity firm, is pleased to announce the acquisition of the Liberty Landing Marina, in Jersey City, New Jersey, located directly across the Hudson River from lower Manhattan and in close proximity to the Statue of Liberty and Ellis Island. Liberty Landing is a landmark marina with 520-wet slips offering year-round dockage and dry storage for boats up to 200 feet in length. The Marina is strategically located in Liberty State Park along the Morris Canal and is the only marina in the area that provides a “calm basin” for boat dockage in the Hudson River. Liberty Landing contains a first-class amenity base consisting of two renowned restaurants, Liberty House Restaurant and Maritime Parc both of which feature panoramic views of the Manhattan skyline, a private clubhouse for marina customers and guests, fuel service, ship store and full service boat repair and maintenance facility. Liberty Landing is also home to a number of commercial tenants that dock at the facility including Statue Cruises, providing daily tours to the over 3.5 million people annually that visit The Statue of Liberty National Monument and Ellis Island. Statue Cruises affiliate, Little Lady, also provides daily commuter ferry service from the marina to the World Financial Center Terminal in New York City.

“One of the key philosophies in any acquisition is the ability to secure assets with certain barriers to entry,” Johnny Powers, Principal, Suntex Ventures, said. “There simply aren’t many, if any, opportunities to develop another marina of its kind in this type of proximity to New York City, Jersey City, Ellis Island and the Statue of Liberty.” This transaction marks the second acquisition by Suntex Ventures in the 4th quarter of 2010, including Amelia Island Yacht Basin just north of Jacksonville, Florida. Suntex Ventures now owns and operates five marinas and owns a portfolio of four marina loans with a total value of approximately $100M. The Suntex vision is to be the pre-eminent resort marina company in the world. Suntex is actively seeking premier marinas around the world for acquisition. The Suntex team is enthusiastic regarding the opportunity to work with its joint venture partner, tenants, customers, and the State of New Jersey to enhance the value of Liberty Landing for the community and stakeholders. Financing for the transaction was provided by American Bank of Texas.

About Suntex Ventures

Suntex Ventures www.suntexventures.com is a Dallas-based real estate fund designed to own and operate mixed-use waterfront properties including marinas, office, retail, hotel, and other select assets. Through its subsidiary, Suntex Waterfront Management, LLC, the firm provides marina and property management services throughout its portfolio. Based upon proprietary underwriting, experience, and historical success, they are focusing on high-end resort destinations.

About Harrison Street Real Estate Capital, LLC Harrison Street Real Estate Capital, LLC, is a real estate private equity firm founded in 2005 that focuses exclusively on the education, healthcare and storage segments of the US real estate market. The firm, on behalf of Harrison Street Real Estate Partners I, II and III, currently owns approximately $2.4 billion in real estate assets which includes over 15,800 student housing beds, 4,400 senior housing / assisted living units, over 61,700 self-storage units, 3,370 dry & wet boat storage and 920,000 square feet of medical office space. Recently, Harrison Street announced the launch of its third fund with a second closing in the 4th quarter 2010 with total commitments in excess of $350 million. For more information on Harrison Street Real Estate Capital please visit www.harrisonst.com.

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