Blackstone to snap up marina and superyacht serving firm Safe Harbor Marinas for $5.65bn
Blackstone Infrastructure has agreed to acquire Safe Harbor Marinas, a Dallas-based marina and superyacht serving business, for $5.65 billion. The seller is Sun Communities Inc. Gary Shiffman serves as chairman and CEO of Sun.
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.
Blackstone Infrastructure has agreed to acquire the Safe Harbor Marinas portfolio from Sun Communities for $5.65 billion in ...
Southfield-based Sun Communities Inc. is selling off its marina and yacht-servicing business for $5.65 billion to a unit of Blackstone Inc. Affiliates of Blackstone Infrastructure are buying Safe ...
Sun Communities REIT will sell Safe Harbor Marinas to Blackstone Infrastructure in a $5.7B all-cash transaction.
A unit of Blackstone Inc. agreed to acquire a marina and yacht servicing business for $5.65 billion in a bet on U.S. boaters. Sun Communities Inc. is selling Safe Harbor Marinas to affiliates of ...
2don MSN
Sun Communities (NYSE: SUI) made a big splash during the pandemic. The real estate investment trust (REIT) expanded its niche ...
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