Case File
efta-01461036DOJ Data Set 10OtherEFTA01461036
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Unknown
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DOJ Data Set 10
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efta-01461036
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1
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CONFIDENTIAL
INVESTMENT OPPORTUNITY
INVESTMENT
Suntex Ventures LLC (-Suntex" or the "Sponsor) is forming a new company (Suntex NewCo") for the purpose of
acquiring and managing institutional quality marinas. The Sponsor intends to create an investment vehicle that will
aggregate high quality marinas with the goal of listing in the public markets as an internally managed pure play REIT
in a three year timeframe. An investment in Suntex NewCo is intended to provide investors with highly predictable
and durable current income with the potential for significant capital growth.
OFFERING SUMMARY
Format:
Reg D
Use of proceeds:
To acquire, own and operate institutional
quality marinas in top locations in the U.S.
Offering size.
$200 - S300mm of equity
Target leverage:
50 - 55%
Sponsor.
Suntex Ventures, LLC.
Target current yield:
8%
LEADING MARINA INDUSTRY SPONSOR
CEO Johnny Powers. Scott McMullin. Bryan Redmond and the Suntex team have been operating marinas since
1995. Today, Suntex is one of the largest and most reputable marina companies in the United States. The Company
owns and/or operates 22 institutional-quality marinas across the U.S. Headquartered in Dallas, TX, Suntex employs
24 people at its home office and nearly 400 people on site at the marinas. The Company has a national geographic
footprint and operating infrastructure which provide it with vast market knowledge, invaluable industry relationships,
and access to investment opportunities in the most desirable marina markets.
PROVEN TRACK RECORD
Suntex's principals and management team have over 100 years of aggregate experience managing and investing in
marinas. As a result of the Sponsors focus on acquiring high quality assets with strong cash flow generation.
Suntex has consistently been able to provide investors with attractive returns. Suntex's realized investments have
produced an average IRR of 35.8% and a 4.32x multiple on equity. Suntex's investors draw from high net worth,
private equity. hedge funds. and, most notably, its own principals and employees.
ACTIONABLE PIPELINE
Suntex NewCo will take advantage of fragmentation in the marina industry to acquire marquis assets at highly
attractive initial yields The Company is currently underwriting a pipeline exceeding S1.5 billion of current
opportunities, with S200 million of marinas currently in the acquisition and closing process.
Marinas are an attractive asset class to real estate investors characterized by strong free cash
flow, attractive initial yields and significant upside potential
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e)
CONFIDENTIAL
DB-SDNY-0 122840
SDNY_GM_00269024
EFTA01461036
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