M&A Deal Summary

Morningstar Properties Acquires Vinings Landing Marina

On March 26, 2020, Morningstar Properties acquired real estate company Vinings Landing Marina

Acquisition Highlights
  • This is Morningstar Properties’ 1st transaction in the Real Estate sector.
  • This is Morningstar Properties’ 1st transaction in the United States.
  • This is Morningstar Properties’ 1st transaction in Virginia.

M&A Deal Summary

Date 2020-03-26
Target Vinings Landing Marina
Sector Real Estate
Buyer(s) Morningstar Properties
Deal Type Add-on Acquisition

Target

Vinings Landing Marina

Norfolk, Virginia, United States
Vinings Landing Marina offers slips for both sail and powerboats as well as dry storage accommodations. The company is a kindred community of boaters in the top boating destinations across the Southeast and mid-Atlantic known for our exceptional people, services and facilities.

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Buyer(S) 1

Buyer

Morningstar Properties

Matthews, North Carolina, United States

Category Company
Sector Real Estate
DESCRIPTION

Morningstar Properties is a vertically integrated real estate developer, owner, and operator of specialty real estate products focused primarily on self-storage in the Southeast United States.


DEAL STATS #
Overall 1 of 1
Sector: Real Estate M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Virginia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-08 Morningstar Properties - 43 Sites

United States

The properties involved comprise more than 2.9 million square feet in Morningstar Mini-Storage branded sites located in North Carolina, South Carolina, Texas, Virginia and Georgia.

Sell $315M