Blue Water, a and management company, based in Ocean City ( ), announced its partnership with Virginia-based National Land Lease Capital (NLLC) as a new management client for Tropic Island Resort and Island RV Resort.
According to a release, these amount to a portfolio of almost 400 sites recently purchased by NLLC’s affiliated fund management business. This partnership both solidifies the recent acquisition of the Port Aransas (Texas) properties and marks the two companies’ expansions into Texas.
NLLC, is an ownership group andcompany led by Yogi H. Singh, Stewart M. Garland, and Pushkal Basavaraj. The company specializes in the acquisition, , management, and repositioning of a diverse spectrum of assets focusing on the sector.
NLLC plans to grow its partnership with Blue Water, with the overall goal to assemble a national portfolio ofand resorts with a target value of $200 million within the next two years or less.
“The primary reason we moved to partner with Blue Water is because of their market-leadingmanagement services, as well as their commitment to creating elite assets and delivering exceptional guest experiences,” said Yogi Singh. “That, along with their growing relationship and management contracts with Sun , the largest company in the industry, further confirms why our partnership is a natural fit.”
Currently, Blue Water manages over 20 properties all over the country, with the addition of Tropic Islandmarking its expansion into Texas. Blue Water is poised to continue rapidly expanding its management portfolio nationwide in the coming years with NLLC.
“We are thrilled to announce this new partnership as it accelerates our growth plan as we advance as the leadingmanagement company in the country,” said Blue Water CEO Todd Burbage. “The expansion in Texas broadens our presence in multiple regions throughout the U.S., and we look forward to many projects to come with the team at NLLC.”
Tropic Islandand Island both offer lodging options and a -style amenity package year-round, which offers such as two pools, a hot tub, dog parks, and golf cart rentals. Accommodations include spacious hotel rooms, beachy cottages with private porches and full kitchens, as well as paved, full hookup pads. These premier resorts are just a short golf cart ride from the famed beaches. Guests can also to nearby areas for fishing, shopping, birding, live music, and more.
About Blue Water
Founded by Jack and Todd Burbage in 2002, Blue Water specializes in investing, developing, and managingresorts, , hotels, and attractions. Blue Water’s integrated approach to marketing, revenue management, and operations has quickly established itself as a industry leader. With dozens of -area properties in East Coast states from Maine to Florida, and new additions out west in Texas, Montana, and Oregon, the Blue Water family is committed to creating elite assets, delivering exceptional guest experiences, and enhancing the communities we serve. To learn more, visit BWDC.com.
About National Land Lease Capital
NLLC is acompany, specializing in the acquisition, , management, and repositioning of assets in the sector. The firm utilizes a broad base of capital partnerships and prides itself on creating value and direct access to the sector in fund management, strategic joint ventures, and other unique platforms for institutions, investment managers, family offices, and ultra-high net worth individuals and organizations.