Cushman & Wakefield announced that the real-estate services firm served as the exclusive advisor to Epum Holdings in the procurement of $50 million in programmatic joint venture equity for the Epum Marina Partners Fund, a platform targeting marina acquisition and development opportunities across the Northeast, Great Lakes, and the Mid-Atlantic.
The Cushman & Wakefield Capital Markets team of Steve Michels, Jared Kelso, Dan O’Brien, and Lauren Greenberg represented Epum Holdings.
“The marina industry presents significant investment opportunities that can drive high returns,” said Michels. “Given the attractive market dynamics and robust acquisition pipeline Epum has procured, we were able to attract significant institutional equity interest in what has historically been a niche real estate asset class.”
Spencer Stieff, a partner at Epum Holdings, said: “Epum will deploy this capital to target marinas with more than 100 slips in high-rate markets with legacy boating cultures and EBITDA optimization opportunities.”
Epum Holdings is a private investment and development platform that employs over 100 years of combined commercial real estate and construction expertise.
Cushman & Wakefield is a leading global real estate services firm that delivers value for real-estate occupiers and owners.