NEWPORT BEACH, Calif. – After a five-year relationship with the Irvine Co., the marina management firm BellPort Group will be turning over management of five marina properties to Irvine’s in-house management team, Bellport said in a statement yesterday.
Irvine is implementing a company-wide initiative of consolidation and has been bringing the management of its retail, commercial and resort properties in-house. The marinas are among the last of the outsourced properties to be swept under this umbrella, according to Bellport.
BellPort Group is also busy diversifying beyond U.S. borders and focusing on marina properties in Japan and Mexico along with other U.S. facilities. The company says its approach is to build closer and more involved partnerships with marina owners going forward.
“This move by Irvine supports the strategic direction which we are gradually shifting to as well,” said BellPort president and CEO, Richard Stevens. “BellPort is moving from being a pure property management company to developing relationships more based on partnering and joint ventures.”
BellPort’s current focus is on developing a new 250-slip marina in La Paz, filling new slips in three marinas in Japan and undertaking the last phases of reconstruction in Marina Harbor, Marina Del Rey, Calif., the company said.