Bain Capital and BlueWater Marinas Acquire Bayside Marine in Duxbury Real Estate Deal

Bain Capital Real Estate Expands Northeast Marina Portfolio with Bayside Marine Acquisition

Bain Capital Real Estate and BlueWater Marinas announced February 13, 2026, the acquisition of Bayside Marine, a full-service marina located in Duxbury, Massachusetts. The acquisition represents the fifth marina property acquired through the firms' joint venture partnership, expanding their presence in Northeast coastal markets.

The Bayside Marine property has been family-owned and operated by the Kent family since 1949. Situated on Duxbury Bay with direct access to Cape Cod Bay, the marina serves as a launch point for fishing and cruising across the South Shore and greater Cape Cod region. The facility operates as a full-service destination offering storage, service, and boat sales as an authorized Grady-White dealer.

Strategic Investment in Affluent Coastal Markets

Andrew Terris, a Partner at Bain Capital Real Estate, said the acquisition represents "a compelling opportunity to invest in a high-quality, full-service marina that expands our presence in the Northeast." He noted the asset pairs well with the firm's acquisition of Glyn's Marine on Nantucket and reflects their strategy of building a portfolio of marina properties along the East Coast.

Joe Miller, a Principal at BlueWater Marinas, emphasized that Bayside Marine is "a highly respected, deeply rooted business within the New England boating community." The property's wide scope of services, attractive location, and multi-generational legacy align with their approach to investing in high-quality marina operations in key coastal markets. The Kent family will remain on to lead the day-to-day operations of the business.

Bain Capital Real Estate Investment Approach

Bain Capital Real Estate pursues investments in sectors underpinned by enduring secular trends that drive long-term demand growth for real estate assets and services. The Bain Capital Real Estate team has invested and committed over $10.7 billion of equity across multiple sectors as of September 30, 2025.

Bain Capital Real Estate focuses on assets where the team applies its deep industry expertise to accelerate impact and drive operational improvements. The strategy aligns with the value-added investment approach that Bain Capital pioneered and leverages the firm's global platform and significant experience across asset classes. Bain Capital is one of the world's leading private investment firms, with approximately $215 billion of assets under management.

Joint Venture Portfolio Expansion

The Bain Capital and BlueWater Marinas joint venture has acquired five marina properties along the East Coast. The transaction terms for the Bayside Marine acquisition, including purchase price and financing details, were not disclosed.

Bayside Marine is located in one of Massachusetts' most affluent and supply-constrained coastal markets. The property operates as a full-service marina providing storage, service, and boat sales capabilities to the Duxbury boating community.