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Safe Harbor Adds Three

Sunset Bay Marina_ Boston

Safe Harbor Marinas Boosted it's Portfolio

Safe Harbor Adds Three 

USA: Safe Harbor Marinas boosted its portfolio with the purchase of three additional marinas via Colliers International in the first quarter of the year. It now has nearly 100 facilities. 

First to join the network was Sunset Bay Marina (above). a full-service marina near the city of Boston, Massachusetts. The 2 acre (0.8ha) family-owned property on Boston's desirable South Shore includes 161 wet slips, a 250-seat restaurant and event facility, on-site service and repair and winter storage. 

"The Folsoms purchased the marina a little over ten years ago and rebuilt the property to bring it up to modem standards." said Colliers International managing director Andrew Cantor. 

"They created a wonderful asset with significant cash flow that was very desirable to investors and marina companies as potential purchasers. At the same time. Safe Harbor is in growth mode and this acquisition helps them expand their portfolio in the region."

The second purchase covered two marinas: Mears Point and Great Oak Landing on Chesapeake Bay near Annapolis, Maryland. Mears Point Marina has 540 wet slips and two restaurants and sits within a 42-acre {17ha) site, which includes permission to build 211 multifamily units and a commercial retail/office building. 

"Mears Point Marina represents a truly unique opportunity," Cantor emphasized. "It's very rare to find a property with $1 million of in-place 
net operating income annually that has approvals and utilities in place to develop what would be the area's first resort-style marina community.

Great Oak Landing has nearly 74 acres {30ha), 360 wet slips, a 28-room lodge and two restaurants. 

The Colliers team marketed the two properties separately. Interest was expressed by a variety of prospective buyers and offers were received from 11 groups. 
Safe Harbor now owns seven marinas on Chesapeake Bay. 


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Andrew Cantor

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Andrew Cantor is a founding partner and Managing Director for the Leisure Property Advisors, which specializes in the brokerage of marinas and other leisure focused properties throughout the United States and Caribbean.  Andrew works closely with Matt Putnam, Dan Grovatt and Kate Meyer on the execution of the team’s marina and leisure property assignments. 

Andrew brings over 25 years of real estate transaction and advisory experience to Colliers, including over 15 years specializing in marina and golf assets.  In addition to his expertise in property sales, Andrew is recognized as an expert in marina and golf course finance.  In 2004, Mr. Cantor started Textron Financial’s marina lending program, which he grew into the largest marina lender in the nation. As a member of Textron’s Golf Finance Division, he underwrote over $600M in acquisition, refinance and construction loans on golf courses and resorts throughout North America.  Prior to Textron, he was Director of Acquisitions for KSL Fairways where he played a key role on a team that purchased eight golf facilities and the Doral Resort.  Mr. Cantor started his career at Arthur Andersen in the Real Estate Services Group.

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Dan Grovatt

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Dan joined Colliers International Tampa Bay Florida in 2018 as a founding partner and Director of the Leisure Property Advisors.  Dan specializes in marina and leisure property investment sales across the United States and regularly assists clients with the disposition and acquisition of leisure driven real estate assets.  As part of the Leisure Property Advisors strategic asset advisory program, Mr. Grovatt also routinely provides clients with strategic asset analyses and investment planning throughout their investment cycle.

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Matt Putnam

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