Sun Communities (SUI) Prices 8M Share Common Offering at $139.50/Sh

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Sun Communities (SUI) Commences Public Offering of 5.6M Shares of Common Stock

September 30, 2020 8:50 AM EDT

Sun Communities, Inc. (NYSE: SUI) (the Company), a real estate investment trust (REIT) that owns and operates or has an interest in manufactured housing and recreational vehicle communities, today announced that it has commenced an underwritten public offering of 5,600,000 shares of its common stock in connection with the forward sale agreement described below. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 840,000 shares of its common stock.

The Company expects to enter into a forward sale agreement with Citibank, N.A. (the Forward Purchaser) with... More

Sun Communities (SUI) to Acquire Safe Harbor Marinas, LLC for $2.1 Billion

September 29, 2020 9:23 AM EDT

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 and recreational vehicle communities, today announced that it has entered into a definitive merger agreement to acquire Safe Harbor Marinas, LLC (Safe Harbor). Safe Harbors full operating team, led by Baxter Underwood, will run Safe Harbor as a subsidiary of the Company independently from Suns manufactured home and recreational vehicle community business.

Safe Harbor is the largest and most diversified marina owner and operator... More