Blackstone to buy Sun Communities' Safe Harbor marinas for $5.65B
Sun Communities (SUI) stock climbed 5.3% in early Monday trading after the REIT agreed to sell its Safe Harbor marinas ...
REIT Sun Communities to sell superyacht unit to Blackstone for $5.65 billion
Sun Communities will sell its superyacht servicing business for $5.65 billion in cash, as the real estate investment trust ...
Sun Communities: Q4 Earnings Snapshot
The real estate investment trust, based in Southfield, Michigan, said it had funds from operations of $186.4 million, or $1.41 per share, in the period. The average estimate of three analysts surveyed ...
This Top-Performing Investment's Big Splash Is Paying Off via a $1.3 Billion Windfall Profit
Sun Communities (NYSE: SUI) made a big splash during the pandemic. The real estate investment trust (REIT) expanded its niche ...
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REIT Sun Communities to sell superyacht unit to Blackstone for $5.65 billion
After the transaction, the Southfield, Michigan-based REIT said it expects its North America MH and RV portfolio to account for about 90% of its net operating income. Sun Communities' marinas ...
SUN COMMUNITIES, INC. ANNOUNCES SALE OF SAFE HARBOR MARINAS TO BLACKSTONE INFRASTRUCTURE IN AN ALL-CASH TRANSACTION FOR $5.65 BILLION
Play MH and RV Focused REIT; Enhances Flexibility Through Substantial De-Leveraging and Improves Margin and Cash Flow ProfileSouthfield, MI, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Sun Communities, Inc.
REIT Sun Communities to sell superyacht servicing business to Blackstone for $5.65 billion
Real estate investment trust Sun Communities said on Monday it would sell its superyacht servicing business, Safe Harbor Marinas, to Blackstone Infrastructure for $5.65 billion in cash. Shares of Sun ...
The Motley Fool4d
1 Magnificent Dividend Stock Down 15% to Buy and Hold Forever
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 ...
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Blackstone Reaches $5.7B Deal To Buy Superyacht Marina Owner
Sun Communities REIT will sell Safe Harbor Marinas to Blackstone Infrastructure in a $5.7B all-cash transaction.
Business Insider2d
SUN COMMUNITIES, INC. ANNOUNCES SALE OF SAFE HARBOR MARINAS TO BLACKSTONE INFRASTRUCTURE IN AN ALL-CASH TRANSACTION FOR $5.65 BILLION
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 ...
manilatimes2d
SUN COMMUNITIES, INC. ANNOUNCES SALE OF SAFE HARBOR MARINAS TO BLACKSTONE INFRASTRUCTURE IN AN ALL-CASH TRANSACTION FOR $5.65 BILLION
Strategically Repositions Company as a Pure-Play MH and RV Focused REIT; Enhances Flexibility Through Substantial De-Leveraging and Improves Margin and Cash Flow Profile Southfield, MI, Feb. 24, 2025 ...
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1 Magnificent Dividend Stock Down 15% to Buy and Hold Forever
Rent growth is only one value driver for Sun Communities. The REIT is also steadily converting transient RV sites to annual leases, enabling it to generate more income from each site. It's also ...