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Go Outdoors platform launch

USA: Monarch Alternative Capital, a leading investment firm with around $11 billion of assets under management, has formed Go Outdoors, a platform to acquire, develop, and operate marinas and RV resorts across the USA.

Ian Glastein (left) and Darby Campbell

Ian Glastein (left) and Darby Campbell

Monarch launched the platform with the recapitalisation of two large-scale portfolios, and has partnered with Safe Harbor Development to manage existing portfolios and help grow the platform through acquisitions and development.
The platform will initially comprise 11 marinas and four RV resorts offering over 5,500 marina slips in Georgia, New York, Pennsylvania and Tennessee.
“The launch of our marina and RV platform comes at a dynamic time for the industry given the attractive supply-demand fundamentals and increasing consolidation. We are excited to be partnering with Safe Harbor Development, who we believe is a best-in-class operator and pioneer within both the marina and RV resort spaces and will help us achieve our growth and executive objectives,” said Ian Glastein, managing principal and co-head of real estate at Monarch.
“We believe our asset management expertise and access to capital will support the continued success of the platform and favourably position us to capitalise on this unique opportunity set,” he added.
Darby Campbell, founder and president of Safe Harbor Development, commented: “We have been at the forefront of the industry for over 20 years. The recreational development space continues to grow strongly so we believe it was the best time for Safe Harbor Development to expand along with the industry.”
“As we look ahead, we are excited to be partnering with Monarch on Go Outdoors. Their extensive investing and execution capabilities and commitments align with our goals of bringing exceptional offerings and experiences to our customers. We believe their investment will allow us to grow and achieve our goals on a greater scale.”

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