Windlass Marinas – Funded Project

Beach Island Resort & Marina and Lakeview Marina & Campground

On August 10, 2022, Windlass Marinas – an alternative asset management firm specializing in direct investment in marina operating companies – is pleased to announce the acquisition of Beach Island Resort & Marina and Lakeview Marina & Campground for $16 million.

Located just 20 miles north of Knoxville, TN, Beach Island and Lakeview are located around Norris Lake, the leading recreational lake in the Tennessee Valley Authority system. Comprising more than 100 acres in total, including 300 RV/Campground sites, nearly 600 wet slips and mooring buoys, 1 restaurant and bar and more amenities, the area is projected to generate $5 million revenue in calendar 2022. With high demand and waiting lists for wet slips and storage, the Beach Island and Lakeview acquisition offers the opportunity for size, scale and expansion with a new focus on operational efficiencies.

Of the recent acquisition, Windlass Vice President Matt Layton, said: “We are thrilled to announce this acquisition which strengthens our position in this limited market segment. More importantly, as institutional investors begin to wake up to the revenue that marinas present, we’re excited to be able to offer a foothold in this space for smaller investors who might be outside the industry. It’s becoming one of the best segments to enter and the space is growing for people to get in now where there wasn’t before. This is a really exciting time for the industry and our clients.”

This acquisition highlights the expanding commercial real estate passive investment opportunity in the Marina and Services Market.  

We were excited to join lead sponsor Windlass Marinas to raise approximately $4.5 Million to purchase this asset.  Our investors will enjoy a preferred monthly return of 10%, with a 5-to-7 year hold time and a potential IRR of 15% on exit. 

If you would like to be a part of our next deal through Investor’s Country Club, click here to join!