Baltimore, MD – July 7, 2009. Watermark Property Group LLC today celebrates the one-year anniversary of the formation of the Company. CEO and Chairman, Brian McCarthy and President and Chief Investment Officer, Keith Getter formed the Company last July with the objective of creating the leading marina real estate company in the United States.

“The marina industry is highly fragmented with a wide disparity in the quality of properties and operations,” states Brian McCarthy, CEO of Watermark Property Group. “We are committed to Watermark becoming the Gold Standard in the marina industry by providing boaters with a customer service experience unparalleled in today’s marinas. We want to change the tired, industrial boatyard feel of many marinas to recreational, ocean front portals.”

According to Keith Getter, President of Watermark Property Group, “we formed this company with the ambitious goal of redefining the marina industry. In spite of a challenging economic environment, we believe that the opportunity is even bigger today than it was a year ago.” Getter adds, “we’ve spent the last year building a world class management team and an infrastructure that will allow us to strategically consolidate the marina space and bring an institutional approach to the business. Much like the self-storage and hotel industries of twenty years ago, marinas and their boating members will benefit from consolidation.”

McCarthy adds, “It has been a great first year with measurable success. We look forward to more success in the years ahead as we execute our business plan.”

About Watermark Property Group:

Watermark Property Group is a fully integrated, self managed real estate operating company focused on marina properties and complimentary operating businesses. Watermark acquires, develops, owns and operates high quality coastal properties on the eastern seaboard of the United States. Focused on delivering consistently superior returns to its stakeholders, Watermark Property Group’s vision is to create environmentally friendly recreational facilities that deliver the highest levels of quality and service to its members. Watermark Property Group LLC has offices in Baltimore, MD and Sarasota, FL. To learn more about Watermark Property Group, please visit www.watermarkpg.com

 

Contact:
Sindy Kahan
Vice President, Sales
Watermark Property Group LLC
100 East Pratt Street
Baltimore, MD 21202
Phone: 410.982.0600
Fax: 410.982.0601