Suntex News.

Suntex Ventures, LP announces the formation of their GP fund, Suntex Waterfront Capital Partners, LP I

DALLAS, TEXAS (January 1, 2009)

The principals of Suntex Ventures have formed their new investment vehicle called Suntex Waterfront Capital Partners, LP I. Suntex Ventures consists of the successful principals of a former Company, Sun Resorts International. They previously led the acquisition of sixteen mixed-use resort assets, encompassing over 4,000 slips, full service marina operations, retail, office, restaurants and hotels in the United States, the Caribbean and Mexico. They sold most of Sun Resorts’ portfolio and large property management company in 2007 to a few select buyers including Island Global Yachting (IGY), the worlds largest marina owner.

Suntex Capital Partners, LP I establishes joint ventures with institutional investors to invest in mixed-use waterfront properties that fit within their new acquisition parameters.

"We are convinced that an unprecedented opportunity exists to create a fun and exciting experience for our customers and tremendous value for our partners and employees," said Johnny Powers, Principal of Suntex Ventures.  "This fund allows our long-term investors to participate in, what we believe, to be a unique time to invest in this asset class." 

Suntex Waterfront Capital Partners, LP I generally invests five percent of the equity in each single-asset entity and is actively seeking additional joint venture partners.

About Suntex Ventures

Suntex Ventures is a real estate fund designed to invest in, operate, and own mixed-use waterfront properties including marinas, office, retail, hotel, and other select assets. Based upon proprietary research, experience, and historical success, they are focusing on high-end resort destinations.

For more information on SunTex Ventures, please contact Bryan Redmond at 1- 972-789-1400 or click www.suntexventures.com