PORT 32 Marinas, LLC (PORT 32), a leading owner, operator, developer and acquirer of a growing collection of marina assets in nine premier markets across both coasts of Florida, welcomes Matthew Juall as Executive Vice President of Acquisitions, and Kishan Desai as Vice President of Acquisitions.
Juall and Desai are the newest members of the new PORT 32 leadership team, many of whom joined the company in late 2022. Juall and Desai will work with Austin Schell, who was recently appointed CEO of PORT 32 and a member of the company’s Board of Directors.
PORT 32 seeks to grow its portfolio of best-in-class marinas within Florida and to expand strategically into new markets along the Atlantic Coast and Gulf of Mexico. In March 2023, the new leadership team acquired its latest marina, Lighthouse Point Marina, which is one of South Florida’s most admired waterfront properties.
Juall, who is based in Orlando and leads PORT 32’s marina acquisitions, has more than 20 years of real estate, finance and leadership experience. He most recently worked in acquisitions and development for Grove Point Marinas, Integra Marinas and Marina Development Partners.
Prior to his active involvement in the marina business, Juall was Senior Vice President of Finance and Asset Management for Turnberry Associates, a $9 billion private real estate company. Prior to that, he served as an Executive Director with J.P. Morgan, managing the real estate banking business within the state of Florida. In addition, he was a senior executive with Bank of America originating over $1 billion in loans for real estate investment trusts (REITS), regional development firms and commercial mortgage-backed security (CMBS) markets.
Juall is a member of the Urban Land Institute (ULI), Association of Marina Industries (AMI), and the U.S. Coast Guard Auxiliary. He holds a Master of Real Estate from Johns Hopkins University, Master of Accounting from University of North Carolina at Chapel Hill and a marketing degree from Jacksonville University.
“I’m excited to join PORT 32 Marinas and work alongside an amazing team focused on expanding the PORT 32 brand. I see a tremendous opportunity to leverage our exceptional Florida portfolio to provide expanded value-add experiences to our members. My 30+ years of experience in the real estate, banking and marina industry has positioned me to be strategic and thoughtful in how best to accomplish this for our members and our company. I’m excited for this challenge, and I’m thrilled to be part of the PORT 32 family,” said Juall.
With extensive experience in operations, capital markets, and financial planning and analysis, Desai, who is based in Charleston, serves as Vice President of Acquisitions for PORT 32. He leverages his hospitality upbringing and holistic marina experience to drive value for PORT 32 members by expanding the network through quality assets and personnel.
Prior to joining PORT 32, he was Director of Acquisitions at Safe Harbor Marinas, where he led or assisted in over $1 billion worth of marina acquisitions. Desai completed his Master of Business Administration and Bachelor of Science in Finance from Louisiana Tech University.
“I’m thrilled that Kishan has joined PORT 32,” said Juall. “He comes to PORT 32 with an amazing track record of success within the marina industry and brings a level of experience to PORT 32 that gives us a competitive advantage going forward and will be integral in our future success.”
“Both Matthew and Kishan bring great value to the PORT 32 team,” said Schell. “We welcome them to our entrepreneurial team of high-character professionals, who seek out best-in-class coastal marinas to add to the PORT 32 family. Through our exceptional team, we are continuing to expand and successfully grow as an industry leader.”
About PORT 32
Based in Charleston, South Carolina, PORT 32 is a leading owner, operator, developer and acquirer of dry and wet slip coastal marina assets. PORT 32 provides expertise in the development and management of marina assets to bring customers an unparalleled level of service within the marina industry. PORT 32 owns and operates a growing collection of marina assets in premier markets. For more information, please visit https://port32marinas.com.
