Press Release: Baltimore Marine Centers Acquisition

War Horse Cities Announces Acquisition of Baltimore Marine Centers

10/30/17––Baltimore, MD—War Horse Cities (WHC), the Baltimore-based real estate development firm led by Scott Plank, has announced their newest acquisition in their offerings to the Baltimore community, from Baltimore Marine Centers (BMC). The acquisition includes boat slips, office space, retail, heliport, marine and helicopter fueling, and marine and helicopter maintenance. The community knows these as BMC Inner Harbor; BMC Inner Harbor West; BMC Lighthouse Point; and the Clinton Street heliport and marine maintenance. The acquisition does not include BMC Harbor View. This group of properties serve both Baltimore’s waterfront communities and the city as a whole. With this portfolio, War Horse Cities is building on the years they have spent crafting places and spaces across the city, including Anthem House, Belvedere Square, and the Sagamore Pendry Hotel, as well as their support for amenities such as the Downtown Sailing Center and the National Aquarium.

War Horse Cities and Baltimore Marine Centers agreed to close the acquisition this fall as it is the slower time for pleasure boats. WHC will be working diligently with stakeholders to build a long term improvement and collaboration plan. The development plan will be based on WHC’s track record of improving neighborhood offerings and amplifying the wonderful neighborhood stories which appeal to everyone in and outside of Baltimore.

“I have been committed to the City of Baltimore and these important assets for many decades.  I have followed Scott’s work over many decades as well. I am both excited and proud for the next generation of investors and developers to drive these assets for our customers,” said Dr. Passen. “War Horse Cities is one of the only firms we considered for this portfolio, given their roots in Baltimore and strong track record of community-based execution. I have no doubt that they will ensure that our assets will continue to make visiting and living in the Inner Harbor a wonderful experience. We purposefully finalized this deal during the slower season to ensure War Horse Cities has the time to incorporate our team, add new players, and begin making improvements before the busy season starts next Spring.”

“We are thrilled to acquire these offerings from Baltimore Marine Centers. We are grateful to Dr. Passen for his decades of stewardship of these places and services that are so important to the health of the city and the strength of the harbor visitor’s experience,” said Scott Plank, CEO of War Horse Cities. “The Baltimore Marine Centers properties are an excellent complement to our other extraordinarily varied work including Belvedere Square, Baltimore School for the Arts, Anthem House, The Sagamore Pendry, Francis Scott Key School, and many more. We are very proud to join the other popular waterfront enterprises such as Little Havana, Sandlot, Rusty Scupper, Canner Row, Loch Bar, Lebanese Taverna, Wit & Wisdom, The BoatHouse Canton, and Bo Brooks––to name a few. For War Horse Cities, this project embodies our goal of driving economic impact and strengthening our vibrant Baltimore community.”

About War Horse Cities

Scott Plank founded War Horse Cities in 2010 to pursue his passion in exploring how built environments can magnify our lives and relationships. War Horse Cities has offices and impact in Baltimore and San Francisco’s Mid-Market. War Horse Cities is committed to supporting and participating in vibrant urban communities—which they do by building exciting urban environments that are economically and environmentally sustainable. Hand in hand with the communities they serve, they invest time, skills and resources into programming spaces, developing real estate, and creating philanthropic initiatives for long-term positive impact.