Monarch Alternative Capital, an investment firm with approximately $11 billion of assets under management, has formed Go Outdoors, a platform to acquire, develop and operate marinas and RV resorts across the United States.
Monarch launched the platform with the recapitalization of two large-scale portfolios and partnered with Safe Harbor Development, an experienced owner-operator of recreational developments, to manage the existing portfolios and help grow the platform through acquisitions and development. Monarch believes these sectors are historically overlooked real estate asset classes that benefit from attractive growth tailwinds and are in the early stages of institutionalization.
The platform will initially comprise 11 marinas and four RV resorts, including more than 5,500 marina slips and more than 500 RV pads located throughout Georgia, New York, Pennsylvania and Tennessee. These institutional-quality properties offer upscale services and amenities for their g