SUN COMMUNITIES, INC. ANNOUNCES SALE OF SAFE HARBOR MARINAS TO BLACKSTONE INFRASTRUCTURE IN AN ALL-CASH TRANSACTION FOR $5.65 BILLION
Re-focuses Business Strategy. Post-transaction, Sun’s North America MH and RV portfolio is expected to account for approximately 90% of the Company’s Net Operating Income (“NOI”), streamlining its strategic focus as a pure-play MH and RV owner and operator.
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Sun Communities (NYSE: SUI) made a big splash during the pandemic. The real estate investment trust (REIT) expanded its niche ...
Sun Communities Inc. (SUI) on Wednesday reported a key measure of profitability in its fourth quarter. The results surpassed Wall Street expectations. The real estate investment trust, based in ...
Blackstone Infrastructure has agreed to acquire the Safe Harbor Marinas portfolio from Sun Communities for $5.65 billion in ...
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Core Funds from Operations ("Core FFO") for the quarter and year ended December 31, 2024, was $1.41 per common share and dilutive convertible securities ("Share") and $6.81 per Share, respectively, as ...
Sun Communities REIT will sell Safe Harbor Marinas to Blackstone Infrastructure in a $5.7B all-cash transaction.
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