Boston Fed President Eric Rosengren listed stakes in four REITs and disclosed multiples transactions in the sector. A Boston Fed spokeswoman said his investments are “consistent with the system’s strong ethics rules.”

With a growing stock of boats and a limited supply of boat storage facilities, the fundamentals of the industry suggest marinas are a compelling investment.

Among the biggest impacts might be a further increase in the costs of construction materials and construction and industrial labor.

Cascade Investment LLC will buy a 23.75 percent stake in the business from Kingdom Holding Co. at a $10 billion enterprise value.