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Dallas marina operator buys superyacht service center for $340 million


Dallas marina operator buys superyacht service center for $340 million
It marks the second major acquisition of 2021 for Safe Harbor Marinas.
Dallas-based Safe Harbor Marinas purchased the Lauderdale Marine Center in Fort Lauderdale, Fla., in May 2021 for $340 million.(Courtesy of Safe Harbor Marinas / Safe Harbor Marinas)
11:38 AM on May 4, 2021 CDT
Dallas-based Safe Harbor Marinas is acquiring its second superyacht service center this year with a $340 million deal for Lauderdale Marine Center in Ft. Lauderdale, Fla.
The transaction for the 60-acre service and repair facility closed Monday.
The marine center, founded in 1997, has 106 slips, employs more than 100 workers and houses hundreds of marine industry tenants and contractors. ....

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Lauderdale Marine Center Joins Safe Harbor Marinas


Lauderdale Marine Center Joins Safe Harbor Marinas
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DALLAS, May 4, 2021 /PRNewswire/  We are pleased to announce that Safe Harbor Marinas has acquired Lauderdale Marine Center ( LMC ), a premier US destination and service provider for the superyacht industry in Ft. Lauderdale, Florida. The transaction, valued at approximately $340 million, closed on May 3, 2021. 
Safe Harbor Lauderdale Marine Center
In 1997, LMC brought a new vision to Broward County. That vision was to create the world s premier superyacht facility right in the heart of Fort Lauderdale. Through years of investment in wet slip and dry storage infrastructure, the team developed world-class operational capacity and honed a unique marketplace model. Today, LMC has a total of 106 slips, employs more than 100 full-time professionals and is home to hundreds of marine industry tenants and contractors.  ....

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Some residents nervous as proposed RV resort could put 500 units on 110 acres in Garden City


A proposed RV park that could put 500 dwelling units on 110 acres in Garden City has some residents nervous it could alter the direction of the Bear Lake town’s development.
The project, called “Bear Lake RV Resort” in its application, would be situated between Hodges Canyon Road and the Pickleville Playhouse, taking up many of the fields west of existing houses on State Route 30.
“In one spot with that type of density, it’s the largest (development) we’ve ever seen in Garden City, by far,” said John Spuhler, who served as the town’s mayor from 2010-2018.
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The RV resort is being proposed by Sun Communities, Inc., a real estate trust headquartered in the Detroit area. ....

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Sun Communities Inc (SUI) Q1 2021 Earnings Call Transcript


Sun Communities Inc (SUI) Q1 2021 Earnings Call Transcript
Motley Fool Transcribers
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Sun Communities Inc (NYSE: SUI)
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Operator
Greetings. Thank you for joining us today for Sun Communities First Quarter 2021 Earnings Conference Call. [Operator Instructions]
I would now like to turn the conference over to your host, Gary Shiffman, Chairman and Chief Executive Officer. Thank you. You may begin.SPONSORED:
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