Subject to closing adjustments, the aggregate purchase price for Safe Harbor is approximately $2.11 billion. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS. We undertake no obligation to publicly update or revise any forward-looking statements included in this presentation, whether as a result of new information, future events, changes in our expectations or otherwise, except as required by law. "This transaction increases our geographic and customer diversity and introduces a new platform that can enhance our ability to generate industry leading returns. Safe Harbor's 45,000 members enjoy access to the largest network of marinas in the world. Click to learn about our rates! the level of repossessions by manufactured home lenders. Safe Harbor Marinas today announced the acquisition of its 99th and 100th marinas. Easy access by land or sea Harbor Point Marinas is the Long Island Sound gateway to all points heading east. 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. A central location presents boaters with easy access to Tampa Bay and the Gulf, while dining, shops, and night life are moments away. 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 Harbour Marina LLC Overview Safe Harbour Marina LLC filed as a Florida Limited Liability in the State of Florida on Monday, October 30, 2000 and is approximately twenty years old, according to public records filed with … In addition to the risks disclosed under "Risk Factors" contained in our Annual Report on Form 10-K for the year ended December 31, 2019, our Quarterly Report on Form 10-Q for the quarter ended March 31, 2020, and our other filings with the Securities and Exchange Commission from time to time, such risks and uncertainties include but are not limited to: Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. Distributed by Public, unedited and unaltered, on 29 September 2020 13:49:05 UTC. Find marina reviews, phone number, boat and yacht docks, slips, and moorings for rent at Safe Harbour Marina. At June 30, 2020, we had $373.5 million of unrestricted cash on hand and $683.0 million available under our senior credit facility. We are looking forward to partnering with Sun and are eager to contribute to the continued success of the combined enterprise.". Safe Harbor Marinas General Information Description Owner and operator of marinas based in Dallas, Texas. the level of repossessions by manufactured home lenders. These risks and uncertainties may cause our actual results to be materially different from any future results expressed or implied by such forward-looking statements. 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 Marinas, which was backed by American Infrastructure Funds, has acquired marina company Brewer Yacht Yard Group. 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. "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. The transaction is subject to customary closing conditions and is expected to close in the fourth quarter 2020. All written and oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by these cautionary statements. Callers outside the U.S. or Canada can access the call at 201-689-8470. Our onsite boutique hotel, The Perry Hotel Key West, named Conde' Nast Safe Harbor is the largest and most diversified marina owner and operator in the United States. 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. The actual amounts of each component of the merger consideration may be materially higher or lower than the foregoing estimates. It is very frustrating that all Safe Harbor marinas advertise WIFI but it rarely works. Announces Tax Treatment of 2020 Distributions. Safe Harbor Bohemia Vista, Chesapeake City, MD. Safe Harbor Marinas operates 90 facilities across 20 states. Complete with experience partners, events, restaurants and boutique hotel. The mix of consideration will depend on the amount of common and preferred OP units the sellers elect to receive and other factors. Safe Harbor Marinas has acquired peer Brewer Yacht Yard Group, roughly doubling its size and making itself the world's largest owner and operator of marinas, as it … Discover our latest styles for cruising the open waters. 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. 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 … DALLAS, Jan. 4, 2021 /PRNewswire/ -- We are pleased to announce that Safe Harbor Marinas has acquired Rybovich, the premier US destination and service provider for the superyacht industry. 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. 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