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 ...
Blackstone Infrastructure has agreed to acquire the Safe Harbor Marinas portfolio from Sun Communities for $5.65 billion in ...
Sun Communities REIT will sell Safe Harbor Marinas to Blackstone Infrastructure in a $5.7B all-cash transaction.
As you're aware, Sun Communities is one of a few REITs in its “current field”, that focuses on manufactured housing with exposure to RV communities, marinas and the like. The company is not ...
Sun Communities has delivered very steady growth over the last couple of decades. It's benefitting from durable demand for its niche properties. The REIT should continue to grow its income ...
Sun Communities, Inc. is a REIT that, as of September 30, 2024, owned, operated, or had an interest in a portfolio of 659 developed properties comprising approximately 179,130 developed sites and ...
Morningstar Price/Fair Value: 0.73 Morningstar Uncertainty Rating: Medium Morningstar Economic Moat Rating: None Forward Dividend Yield: 2.99% Industry: REIT—Residential Sun Communities focuses ...
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