News and announcements

February 23, 2021


Industry Metrics Reach a High-Water Mark and Point Toward Continued Growth in This Sector
Fish-Tale Marina
Fish-Tale Marina in Fort Myers Beach, Florida, was one of the Southern Marinas locations sold.

North Palm Beach, Fla. – Southern Marinas Holdings, LLC, a partnership between a New York-based private investment firm and Southern Marinas, announced today the sale of its portfolio of best-in-class marinas to a publicly traded REIT. “With the uncertainty surrounding the long-term investment strategy in some traditional core real estate, including retail and office, the marina space has become increasingly interesting for private equity and public REITS looking to diversify their portfolios. In addition, the boating industry metrics are the strongest they have been in the past decade, and this trend is expected to continue in 2021 and beyond,” said Andrew Gendron, chief investment officer with Southern Marinas.

Southern Marinas’ management is now focused on replicating its previous success with a follow-on platform to acquire premier marina properties across the country. “While we have a robust pipeline of potential acquisitions, we are always looking to find unique properties that will complement our new portfolio,” said Gendron.

The principals of Southern Marinas have been involved in the acquisition and management of marinas and resort properties throughout the United States for more than 20 years. Through their combined years in the marina space, the team has evaluated 100+ marinas for purchase through an extensive underwriting process. The Southern Marinas team’s experience and operational expertise extends to coastal marinas on both seaboards and everything in between – from New Jersey to Florida in the East; California in the West; and mountain and lake marinas in Kentucky, Tennessee, Arkansas, and Texas; and throughout the Great Lakes.

For more information on Southern Marinas, LLC, please contact [email protected] or visit

Kyle Bogardus serves as a Senior Accountant for Southern Marinas. His core responsibility is to prepare financial statements for numerous properties in accordance with US GAAP standards. Prior to Southern Marinas, Kyle was based in New York City serving as a Senior Accountant in the Technology sector. Kyle holds a BS in Accounting from Siena College.

Prior to joining the Southern Marinas' accounting team as an Accounts Payable Specialist, Teresa Phillips was the Business Office Administrator at Dale Hollow State Park Marina in Kentucky.  Teresa came to Kentucky by way of Kansas where she established an extensive history of bookkeeping experience in both the Dairy and Construction Industries. 

Please check back soon for John's Bio...

Adam Rosmarin has more than 16 years of experience across a wide array of industries; including marinas, finance, hospitality, and real estate. Prior to joining Southern Marinas, Adam worked as lead strategist and media buyer for a premier marketing and consulting firm. During his tenure, he managed outbound marketing budgets and website development for Loggerhead Marinas' portfolio of properties from lease up through sale. Additionally, Adam was responsible for allocating annual marketing spends for VanEck, an asset manager and ETF provider. While engaged with VanEck, he contributed to the launch of more than 60 exchange-traded products and helped grow the brand from inception to $50B AUM. Finally, Adam has worked alongside Southern Marinas since its inception to develop branding and the website platform used across the portfolio of marinas. In his role as VP of Business Development, he will source, evaluate, and close deals to grow the platform. Adam is a family man and a true southern sportsman. When he is not in the office, you will likely find him somewhere between the crystal-clear waters of the Bahamas and the backwoods of Georgia.