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Extraction Summary
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People
4
Organizations
1
Locations
3
Events
0
Relationships
4
Quotes
Document Information
Type:
Market analysis report
File Size:
1.69 MB
Summary
This document is a one-page market analysis of the marina industry for the 2013-2014 period. It presents survey data indicating positive trends, with a majority of marinas reporting increased gross profits and high occupancy rates. The document, bearing the footer 'IGY American Yacht Harbor Marina' and a 'HOUSE_OVERSIGHT' Bates number, appears to be an evidentiary item from a congressional investigation, likely related to the valuation of the IGY marina, which links it to the broader Epstein investigation context.
Organizations (4)
| Name | Type | Context |
|---|---|---|
| IGY American Yacht Harbor Marina |
Mentioned in the footer of the document, suggesting the analysis is related to this entity.
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| Marina Dock Trends |
A publication cited in the report regarding market improvements and capitalization rates for marina properties.
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|
| Integra Realty Resources (irr) |
A logo for this company appears in the footer, suggesting they may have authored the report.
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| U.S. House Committee on Oversight and Reform |
Implied by the Bates number 'HOUSE_OVERSIGHT_018839' in the footer, indicating the document is part of a congressiona...
|
Timeline (3 events)
2014 over 2013
Market analysis of marina gross profit, showing a majority of marinas expected profit and many saw increased profit over the previous year.
Survey Respondents (marina owners)
During the recession
The boating industry experienced a decline in revenue and participation.
Boating industry
Since May 2014
Marina capitalization rates began decreasing from a post-recession high of around 10%.
Marina property market
Locations (1)
| Location | Context |
|---|---|
|
Mentioned in the footer as 'IGY American Yacht Harbor Marina', the likely subject or client for this market analysis.
|
Key Quotes (4)
"The majority of respondents indicated stable to increasing occupancy rates in 2014 over 2013. Most respondents had an occupancy rate above 85%."Source
HOUSE_OVERSIGHT_018839.jpg
Quote #1
"An article in Marina Dock Trends states that the market is improving for marina properties."Source
HOUSE_OVERSIGHT_018839.jpg
Quote #2
"Post-recession through May 2014, capitalization rates were around 10%. Since May 2014, capitalization rates for marinas began decreasing."Source
HOUSE_OVERSIGHT_018839.jpg
Quote #3
"Though the boating industry experienced a decline in revenue and participation during the recession, demand for slips far exceeds the current supply."Source
HOUSE_OVERSIGHT_018839.jpg
Quote #4
Full Extracted Text
Complete text extracted from the document (2,126 characters)
Marina Market Analysis
29
29
The table that follows details whether or not marinas will post a gross profit for 2014, based on marina size.
Marina Gross Profit - Will Report a Gross Profit
Marina Size No Do Not Know Yes
% of Respondents
Small (1 - 99 Slips) 19.0% 17.0% 64.0%
Medium (100 - 249 slips) 16.0% 14.0% 70.0%
Large (250 - 749 slips) 9.2% 14.5% 76.3%
Very Large (Over 750 slips) 11.0% 11.0% 78.0%
Overall 14.5% 14.5% 71.0%
Marina Size No Do Not Know Yes
% of Respondents
Small (1 - 99 Slips) 19.0% 17.0% 64.0%
Medium (100 - 249 slips) 16.0% 14.0% 70.0%
Large (250 - 749 slips) 9.2% 14.5% 76.3%
Very Large (Over 750 slips) 11.0% 11.0% 78.0%
Overall 14.5% 14.5% 71.0%
The majority of small marinas (64%) reported that they would report a gross profit in 2014. The majority of medium marinas (70%) reported that they would report a gross profit in 2014.
The table that follows details changes in gross profit in 2014 over 2013.
Marina Gross Profit - 2014 Over 2013
Ownership Type/ Size/ Age Decreased Stayed Same Increased
% of Respondents
Government Owner 9.0% 34.0% 57.0%
Corporate Owner 17.8% 28.6% 53.6%
Private Owner 22.4% 24.5% 53.1%
Overall 19.2% 28.8% 52.0%
Ownership Type/ Size/ Age Decreased Stayed Same Increased
% of Respondents
Government Owner 9.0% 34.0% 57.0%
Corporate Owner 17.8% 28.6% 53.6%
Private Owner 22.4% 24.5% 53.1%
Overall 19.2% 28.8% 52.0%
New (Less than 7 Years) 50.0% 68.0%
Medium (8 - 35 Years) 21.5% 20.0% 0.0%
Old (36+ Years) 24.7% 30.0% 32.0%
Medium (8 - 35 Years) 21.5% 20.0% 0.0%
Old (36+ Years) 24.7% 30.0% 32.0%
The majority (53.1%) of private owner reported that gross profit increased in 2014. The majority (32%) of marinas over 36 years old reported that gross profit increased in 2014.
Conclusion
The majority of respondents indicated stable to increasing occupancy rates in 2014 over 2013. Most respondents had an occupancy rate above 85%. Most respondents also indicated increased revenues. These are all positive indications for the marina industry.
The majority of respondents indicated stable to increasing occupancy rates in 2014 over 2013. Most respondents had an occupancy rate above 85%. Most respondents also indicated increased revenues. These are all positive indications for the marina industry.
An article in Marina Dock Trends states that the market is improving for marina properties. The article reports that pre-recession, marina capitalization rates were around 5% to 6%. Post-recession through May 2014, capitalization rates were around 10%. Since May 2014, capitalization rates for marinas began decreasing.
Though the boating industry experienced a decline in revenue and participation during the recession, demand for slips far exceeds the current supply. Many industry experts as well as local brokers in
IGY American Yacht Harbor Marina
irr.
HOUSE_OVERSIGHT_018839
irr.
HOUSE_OVERSIGHT_018839
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