The principals of Southern Marinas have been involved in the acquisition and management of more than 50 marinas throughout the United States, with a total asset value in excess of $750M. Through their combined years in the marina space, the team has evaluated 100+ marinas for acquisition through an extensive underwriting process. The SM team’s experience extends to coastal marinas on both seaboards – from New Jersey to Florida on the East Coast, and California on the West Coast; mountain and lake marinas in Kentucky, Tennessee, Arkansas, and Texas; and marinas on the Great Lakes. The SM group’s operational expertise includes the management and marketing of singular storage operations, and complex resort properties that encompass lodging; boat clubs and boat rentals; RV parks and mobile homesites; retail, and food and beverage operations; and other supporting recreational amenities.
Mitchell Jones began investing in the marina industry in 1996. In 2002, Mr. Jones purchased a marina in Tennessee and invested in a Florida marina. Over the next 10 years, he acquired, operated, and sold numerous marinas for himself and several equity partners. In 2012, he founded Anchor South Management as CEO to begin managing a portfolio of marinas in the southeast for various entities, including CNL Lifestyle Properties and private families. In 2015, he formed Anchor South Capital Partners, which began acquiring a portfolio of marinas for an investment group. In early 2016, he sold both of his Anchor South companies to Suntex Marina Investors (SMI) and joined Suntex as a Principal and co-head of acquisitions. In this capacity, he led or co-led the acquisition of properties valued at $400M. After a two-year stay with SMI, Mr. Jones began investing in the marina industry through Southern Marinas, LLC. Previously, Mr. Jones created several operating and investing platforms in the technology and real estate industries. His companies have been featured in the Inc. 500 program and he is an award recipient of the Ernst & Young Entrepreneur of the Year.
Gary Rosmarin is an experienced lifestyle executive who spent the last decade as a senior asset manager for CNL Financial Group. In that capacity, he directed all ownership initiatives for CNL Lifestyle Properties’ 17 marinas and 53 golf properties that had an acquisition value of $800M, annual revenues of $200M, and EBITDA of $60M. Mr. Rosmarin served as a senior asset manager for CNL’s Hospitality REIT, overseeing a portfolio of iconic resort properties, including the Waldorf-Astoria Collection (La Quinta Resort & Club and PGA West), and the Doral Resort & Spa, with annual revenues of $1B and EBITDA in excess of $310M. His other work experience includes senior management positions with the Nicklaus Companies, Toll Brothers, Hyatt Hotels and Resorts, and Club Corporation of America.
Andrew Gendron has more than 20 years of experience in commercial real estate acquisitions, finance, development, and operations. Prior to the formation of Southern, he sourced and underwrote multiple marina assets and marina-related development projects across the Southeast. During the past few years, Mr. Gendron was instrumental in developing a large, mixed-use property in South Florida. In this role, he was responsible for the acquisition of the land, rezoning of the site, procurement of an institutional joint-venture partner, and managing the horizontal phase of the development. Prior to this engagement, Mr. Gendron participated in the formation of a $200MM commercial real estate fund for TenRock Capital Fund, L.P., where he was responsible for sourcing, underwriting, closing, and servicing mid-sized commercial real estate mezzanine loans and joint venture agreements. Before joining TenRock, he worked as an associate for a boutique investment management firm in Los Angeles, and completed several acquisitions for an aviation company as well as focusing on the development of a single-family home community located in Orange County. Mr. Gendron holds a JD from Seton Hall University, an MBA in finance from Pepperdine University, and a BBS from Towson University.