Rybovich, the premier US destination and service provider for the superyacht industry, joins the Safe Harbor … All written and oral forward-looking statements attributable to the Company or persons acting on its behalf are qualified in their entirety by these cautionary statement. Subject to closing adjustments, the aggregate purchase price for Safe Harbor is approximately $2.11 billion. Exquisite sunrises and brilliantly colorful sunsets make Safe Harbor Bohemia Vista an idyllic waterfront home for early birds and night owls alike. 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 … Follow the links below to get involved, and may your holiday be filled with unforgettable memories on the water! • https://www.globenewswire.com/news-release/2020/09/29/2100699/0/en/Sun-Communities-Inc-to-Acquire-Safe-Harbor-Marinas-LLC-for-2-1-Billion.html. 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 … South Harbour Village Marina, located in Southport, is Safe Harbor’s second North Carolina property; the company also owns Westport Marina on Lake Norman. A cruiser's paradise, Safe Harbor Greenport serves as a premier launch point for some of the world's preeminent cruising grounds. Safe Harbor Seafood Market and Restaurant catches and prepares fresh, local seafood daily. Colliers International has brokered the sale of Mears Point Marina and Great Oak Landing, two marinas located on Chesapeake Bay near Annapolis, Maryland. Helping our Members tell the most treasured stories of their lifetime. 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. As the largest marina company in the world, Safe Harbor Marinas now owns & operates 75 marinas. Safe Harbor … Safe Harbor Marinas, the … ", Baxter Underwood said, "The opportunity to join the Sun platform is an exciting development for Safe Harbor. the level of repossessions by manufactured home lenders. 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. 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. Many of its marinas offer amenities that include restaurants, playgrounds and pools. 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. 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. The company owns and operates North America’s premier network of marinas. The 2020 Marinas.com Boaters’ Choice Awards Recipients Are Here! Citigroup acted as financial advisor to the Company and Jaffe, Raitt, Heuer & Weiss, Professional Corporation acted as legal advisor. A conference call to discuss the acquisition will be held today, Tuesday, September 29, 2020 at 10:00 A.M. (ET) . 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. 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. American Infrastructure Funds is the majority owner of Safe Harbor, and Koch Real Estate Investments, an affiliate of Koch Industries Inc., has owned a minority stake … These forward-looking statements reflect the Company’s current views with respect to future events and financial performance, but involve known and unknown risks, uncertainties and other factors, both general and specific to the matters discussed in or incorporated herein, some of which are beyond the Company’s control. Marina Slip Rentals Boaters who are interested in obtaining a boat slip at the Safety Harbor Municipal Marina can call Recreation Administration 727-724-1555, ext. 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. We hope you love our new site! 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”). Owner and operator of marinas based in Dallas, Texas. Alert for COVID-19. 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. "We are excited to partner with Sun Communities, a premier real estate investment trust that owns and operates 426 properties across North America," said Baxter Underwood, CEO of Safe Harbor Marinas. With the acquisition of Brewer Yacht Yard, Safe Harbor now owns 63 properties across 17 U.S. states. Marina Waitlist Application (PDF) Safe Harbor, which has been on an aggressive acquisitive path since it initially began making investments in 2015, owns and operates 101 marinas, manages five marinas on behalf of third parties and has a network of about 40,000 member boat owners across 22 states. 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. “We are excited to partner with Sun Communities, a premier real estate investment trust that owns and operates 426 properties across North America,” said Baxter Underwood, CEO of Safe Harbor Marinas. 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. Safe Harbor Marinas is the largest owner and operator of marinas in the world. Safe Harbor’s full operating team, led by Baxter Underwood, will run Safe Harbor as a subsidiary of the Company independently from Sun’s manufactured home and recreational vehicle community business. Belle Maer Harbor is an immaculate facility and home to nearly 900 … Darby Campbell - Owner and President Darby Campbell has deep roots in middle Tennessee where his business is based. Welcome • https://shmarinas.com/locations/ Renowned personalized service complements the marina’s sought-after floating docks and boat lifts, while weekend boating enthusiasts enjoy the many opportunities for swimming, water sports, fishing, and crabbing. All slips at the marina are presently full and there is a waiting list. Colliers International has brokered the sale of Mears Point Marina and Great Oak Landing, two marinas located on Chesapeake Bay near Annapolis. Based in Dallas, Texas, the company is dedicated to providing exceptional service … 122 Safe Harbor Marinas jobs available on Indeed.com. 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. As just announced, the marina operator Safe Harbor Marinas has acquired the Rybovich Superyacht Marina in West Palm Beach. 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. Launched in 1997, Scuttlebutt provides sailing news with a North American focus. 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. Safe Harbor Marinas' headquarters is located in Dallas, Texas, USA 75254. 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”). The company owns and operates North America’s premier network of marinas. 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. The company owns 36 marinas across the country and is continuing to acquire others as part of its growth plan. “The transaction with Safe Harbor Marinas is a continuation of our forward-thinking strategic positioning and represents a very compelling growth opportunity,” Shiffman said. Voted “Best of the Bay” year after year by Chesapeake Bay magazine readers, Safe Harbor Zahnisers is renowned for its pristine yacht club atmosphere and warm service from the passionate and tenured staff. The company also announced that Baxter Underwood, CEO of Safe Harbor, will continue to run the company as an independent subsidiary of Sun Communities. 31,283 were here. Simply Marinas announced the sale of South Harbour Village Marina on the North Carolina coast to Safe Harbor Marinas in October 2019. Safe Harbor Marinas serves customers in the United States. 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. The Company offers marinas on rental basis. Come see the boats offload fresh caught seafood directly into our kitchen and then to your plate. At the closing, the Company will (i) assume debt in the estimated amount of approximately $808 million, (ii) issue the sellers REIT operating partnership common and preferred OP units in the estimated amount of approximately $130 million, and (iii) pay the balance of the purchase price in cash. A conference call to discuss the acquisition will be held today, Tuesday, September 29, 2020 at 10:00 A.M. (ET). outbreaks of disease, including the COVID 19 pandemic, and related stay at home orders, quarantine policies and restrictions on travel, trade and business operations; changes in general economic conditions, the real estate industry and the markets in which the Company operates; difficulties in the Company’s ability to evaluate, finance, complete and integrate acquisitions (including the acquisition of Safe Harbor), developments and expansions successfully; the Company’s liquidity and refinancing demands; the Company’s ability to obtain or refinance maturing debt; the Company’s ability to maintain compliance with covenants contained in its debt facilities; changes in foreign currency exchange rates, including between the U.S. dollar and each of the Canadian and Australian dollars; the Company’s ability to maintain rental rates and occupancy levels; the Company’s failure to maintain effective internal control over financial reporting and disclosure controls and procedures; increases in interest rates and operating costs, including insurance premiums and real property taxes; risks related to natural disasters such as hurricanes, earthquakes, floods, and wildfires; general volatility of the capital markets and the market price of shares of the Company’s capital stock; the Company’s failure to maintain its status as a REIT; changes in real estate and zoning laws and regulations; legislative or regulatory changes, including changes to laws governing the taxation of REITs; the ability of purchasers of manufactured home buyers and boats to obtain financing; and. The transaction is expected to close during the fourth quarter with SUI to assume debt in the estimated amount of approximately $808 million. 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. We are looking forward to partnering with Sun and are eager to contribute to the continued success of the combined enterprise.". I have attempted to raise the matter with the parent company, Safe Harbor Marinas LLC, and they have little interest in returning phone calls. The transaction is subject to customary closing conditions and is expected to close in the fourth quarter 2020. 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. These risks, uncertainties and other factors may cause the Company’s actual results to be materially different from any future results expressed or implied by such forward-looking statements. When you become a Member of Safe Harbor, you become a Member of our entire portfolio. Rockland — A company that owns about 100 marinas across the country has bought Yachting Solutions properties, including four acres it leased along Rockland Harbor, where an expanded marina has been proposed. Film and television. The addition of Newport Shipyard is part of the company's ongoing strategic expansion and diversification of its holdings. See This Year’s Marina Honorees. 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. 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. 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. 1502. 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. 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. … The transaction for cash and SUI equity is valued at $2.11 billion. Based in Dallas, Safe Harbor Marinas has expanded aggressively since its founding in 2015, buying or consolidating about 100 marinas and boat yards in 22 states nationwide. Baxter has 3 jobs listed on their profile. About Safe Harbor Marinas Safe … ... 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. 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. The Conference ID number for the call and the replay is 13711123. Safe Harbor owns and operates the world’s largest boating network. Safe Harbor owns and operates over 100 marinas in 22 U.S. states. Rybovich has two superyacht marina and service centers in Palm Beach County, Florida. Exquisite sunrises and brilliantly colorful sunsets make Safe Harbor Bohemia Vista an idyllic waterfront home for early birds and night owls alike. Launched in 1997, Scuttlebutt provides sailing news with a North American focus. Safe Harbor Marinas was founded in 2015. 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 has a proven ability to generate organic and external growth. Fast Casual Dockside Dining. Owner and operator of marinas based in Dallas, Texas. 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. Helping our Members tell the most treasured stories of their lifetime. To participate, call toll-free 877-407-9039. Safe Harbor Marinas, the nation's largest marina owner-operator with nearly 100 locations in the U.S., purchased the properties from Meisel & Cohen … 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 … Dallas-based Safe Harbor Marinas, which owns 80 marinas in 18 states, issued a prepared statement earlier this month announcing the purchase, saying … When you become a Member of Safe Harbor, you become a Member of our entire portfolio. The actual amounts of each component of the merger consideration may be materially higher or lower than the foregoing estimates. Mears Point Marina will now be rebranded as Safe Harbor Marina following its purchase from Meisel Holdings LLC of Rockville. • https://www.prnewswire.com/news-releases/safe-harbor-marinas-announces-merger-agreement-with-sun-communities-inc-301140059.html We are committed to continuing the growth of our marina portfolio by harnessing Sun’s advantageous cost and form of capital.”. This field is for validation purposes and should be left unchanged. Complementary High Barrier to Entry Platform Enhances Internal and External Growth Opportunities - Conference Call Today at 10:00 AM ET. “Safe Harbor will operate independently from Sun’s other businesses, but we will benefit from their tremendous strength. But for those who need your fix of the old Scuttlebutt, you can, https://www.prnewswire.com/news-releases/safe-harbor-marinas-announces-merger-agreement-with-sun-communities-inc-301140059.html, https://www.globenewswire.com/news-release/2020/09/29/2100699/0/en/Sun-Communities-Inc-to-Acquire-Safe-Harbor-Marinas-LLC-for-2-1-Billion.html, Foreign-Trade Zone at Safe Harbor Newport Shipyard, Ownership change for nke Marine Electronics. Aqualand Marina has been acquired by Safe Harbor Marinas, based in Dallas. Blog; Weather; Classifieds. Look for the latest information to be posted on the website, with the highlights distributed Monday through Friday in the e-Newsletter. We believe the Safe Harbor team will capitalize on growth opportunities using Sun’s advantageous cost of capital and our ability to facilitate transactions using our common stock and OP units as currency. 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