SUN COMMUNITIES, INC. ANNOUNCES SALE OF SAFE HARBOR MARINAS TO BLACKSTONE INFRASTRUCTURE IN AN ALL-CASH TRANSACTION FOR $5.65 BILLION [Yahoo! Finance]
Sun Communities, Inc. (SUI)
Last sun communities, inc. earnings: 4/22 04:19 pm
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suncommunities.com/investor-relations
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Source: Yahoo! Finance
Southfield, MI, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE: SUI) (the "Company" or “Sun”), a real estate investment trust (“REIT”) that owns and operates or has an interest in manufactured housing (“MH”) and recreational vehicle (“RV”) communities, today announced that it has entered into a definitive agreement to sell 100% of its interests in the Safe Harbor Marinas business (“Safe Harbor”), the largest marina and superyacht servicing business in the United States, to affiliates of Blackstone Infrastructure (“Blackstone”). The transaction accelerates Sun's strategic goal of re-focusing on its core MH and RV segments and significantly enhances its leverage profile and financial flexibility. Upon the closing of the transaction, Blackstone will purchase Safe Harbor from the Company for an all-cash purchase price of $5.65 billion, subject to certain post-closing adjustments. The base purchase price represents an approximate 21x multiple on the estimated 2024 Funds F
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News
- Sun Communities Announces Chief Financial Officer Transition [Yahoo! Finance]Yahoo! Finance
- Sun Communities Announces Chief Financial Officer TransitionGlobeNewswire
- Sun Communities, Inc. Declares Fourth Quarter 2025 DistributionGlobeNewswire
- Halper Sadeh LLC Encourages Sun Communities, Inc. Shareholders to Contact the Firm to Discuss Their RightsBusiness Wire
- Sun Communities (NYSE:SUI) had its price target lowered by analysts at Morgan Stanley from $139.00 to $135.00. They now have an "equal weight" rating on the stock.MarketBeat
SUI
Earnings
- 10/29/25 - In-Line
SUI
Sec Filings
- 12/18/25 - Form 4
- 12/16/25 - Form 8-K
- 12/10/25 - Form 4
- SUI's page on the SEC website