| Vinings Marine |
| Vinings Marine Group, LLC (VMG) was formed in 2004 to take advantage of an opportunity to capture significant investment returns in the niche marketplace of marina ownership and management. By concentrating on marina properties we have acquired facilities at reasonable price points with superior risk adjusted returns for our investors. |
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Home Port
Marinas are perceived of as an operating business akin to
hotels which combine real estate attributes with significant
operational risk. Marinas, however, share characteristics
similar to apartment communities that have leases executed
by individuals for one year terms, combined with amenity
packages including a pool, club room and public outdoor
space and on-site management. Vinings Marine Group
recognizes the misperception and its effect on asset pricing;
VMG expects to capitalize on the misperception and create
value for its investors.
Capital Sources
Lending sources for marina properties are limited.
Unlike the institutional lending environment that
exists for other assets classes which provides
highly leveraged, non-recourse financing allowing
access to all investors, marina lending is scarce,
more expensive, keeping amateur investors on the
shore. Vinings Marine Group is building debt and
equity relationships that will allow VMG to capture
opportunities during changing tides.
Supply/Demand Attributes
Public access to marinas and slips is decreasing
as waterfront properties are being redeveloped
with higher density residential condominiums and
rental properties, resorts, and hotels. As land
values skyrocket, marinas are either being
removed for this redevelopment or they are being
reconfigured to accommodate larger more
expensive boats. Vinings Marine Group, however,
sees overall demand for slips increasing. Boat
manufactures are reporting increased sales; demographically, masses of people are
approaching retirement when they will have more leisure time to choose between
travel, golf, or boating. Coastal towns such as Savannah, Georgia, Charleston,
South Carolina, the Chesapeake Bay area, and Jacksonville, Naples, Ft. Myers, are
exploding with growth putting upward pressure on coastal property pricing.
Marinas are perceived of as an operating business akin to
hotels which combine real estate attributes with significant
operational risk. Marinas, however, share characteristics
similar to apartment communities that have leases executed
by individuals for one year terms, combined with amenity
packages including a pool, club room and public outdoor
space and on-site management. Vinings Marine Group
recognizes the misperception and its effect on asset pricing;
VMG expects to capitalize on the misperception and create
value for its investors.
Capital Sources
Lending sources for marina properties are limited.
Unlike the institutional lending environment that
exists for other assets classes which provides
highly leveraged, non-recourse financing allowing
access to all investors, marina lending is scarce,
more expensive, keeping amateur investors on the
shore. Vinings Marine Group is building debt and
equity relationships that will allow VMG to capture
opportunities during changing tides.
Supply/Demand Attributes
Public access to marinas and slips is decreasing
as waterfront properties are being redeveloped
with higher density residential condominiums and
rental properties, resorts, and hotels. As land
values skyrocket, marinas are either being
removed for this redevelopment or they are being
reconfigured to accommodate larger more
expensive boats. Vinings Marine Group, however,
sees overall demand for slips increasing. Boat
manufactures are reporting increased sales; demographically, masses of people are
approaching retirement when they will have more leisure time to choose between
travel, golf, or boating. Coastal towns such as Savannah, Georgia, Charleston,
South Carolina, the Chesapeake Bay area, and Jacksonville, Naples, Ft. Myers, are
exploding with growth putting upward pressure on coastal property pricing.
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| Home Port | Company | Marinas | Investors | News | Contact Copyright © 2005. Vinings Marine Group, LLC. All rights reserved. 2839 Paces Ferry Rd., Suite 880 Atlanta, Georgia 30339 Phone: (770) 984-9500 Fax: (770) 850-0655 website design by On The Waterside NY |