South Florida Intercoastal

Member News: Suntex Marinas

By: MIASF Staff

Date posted: Mar 30, 2021 Tue

Suntex Marinas Investors LLC announced a recapitalization of the Company led by funds affiliated with Centerbridge Partners, L.P. (Centerbridge), and funds affiliated with Resilient Capital Partners, LLC (RCP), alongside key management members. The recapitalization retains the Company’s REIT structure and will provide the necessary capital to enable the Suntex team to accelerate its growth and sustain its position as a leading acquirer of high-quality marina properties around the country.

“While we have experienced tremendous success over the years, we are continually planning for the future and have developed an aggressive growth strategy,” said John D. “Johnny” Powers, Jr., founder and CEO of Suntex Marinas. "This investment allows us to build upon our existing portfolio and continue to focus on acquiring the highest quality marina properties around the globe."