Sun Communities to Sell Marinas Business to Blackstone

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 aims to focus on its core segments and reduce debt, sending its shares up more than 5%.
Blackstone to buy Sun Communities' Safe Harbor marinas for $5.65B
Sun Communities (NYSE:SUI) stock climbed 5.4% in early Monday trading after the REIT agreed to sell its Safe Harbor marinas business to private equity giant Blackstone (NYSE:BX) for $5.65B in an all-cash transaction.
Sun Communities to Sell Marinas Business to Blackstone for $5.65 Billion
Sun Communities said it has entered into a definitive agreement to sell 100% of its interests in the Safe Harbor Marinas business to affiliates of Blackstone Infrastructure for an all-cash ...
Sun Communities Sets Sail for Steady Earnings Growth with Safe Harbor Transaction
Sun Communities (the company) hosted its Fourth Quarter and Year-End 2024 Earnings Conference Call, where management presented a robust performance for the year, driven by strategic priorities aimed at simplifying operations,
Blackstone paying $5.6 billion to buy Safe Harbor Marinas
Private equity giant Blackstone has agreed to acquire Safe Harbor Marinas, a Dallas-based marina and superyacht servicing company, for $5.65 billion from Sun Communities. Why it matters: This is a reminder that the pandemic-era boating boom didn't sink.
Sun Communities’ Stock Surges After Blackstone Agrees To Acquire Its Safe Harbor Marinas Business: Retail’s Unconvinced Yet
Shares of real estate investment trust Sun Communities Inc. (SUI) soared approximately 7% on Monday after Blackstone Inc. (BX) announced that funds managed by Blackstone Infrastructure will acquire Safe Harbor Marinas,
Sun Communities price target raised to $155 from $134 at RBC Capital
RBC Capital raised the firm’s price target on Sun Communities (SUI) to $155 from $134 and keeps an Outperform rating on the shares. The ...
Sun Communities' Revenue Dips 4.4% in Q3
The REIT reported mixed results with a shortfall in revenue, and adjusted its guidance to reflect market challenges.
Sun Communities: Q4 Earnings Snapshot
For the current quarter ending in March, Sun Communities expects its per-share funds from operations to range from 78 cents to 86 cents. The company expects full-year funds from operations in the ...
Sun Communities Reports 2024 Fourth Quarter and Full Year Results; Provides 2025 Guidance
Net Income / (Loss) per Diluted Share of $(1.77) and $0.71for the Quarter and Full YearCore FFO per Share of $1.41 and $6.81for the Quarter ...
Seeking Alpha2d
SUI Sun Communities, Inc.
Established in 1975, Sun Communities, Inc. became a publicly owned corporation in December 1993. The Company is a fully integrated REIT listed on the New York Stock Exchange under the symbol ...
Morningstar4d
Sun Communities to Sell Marinas Business to Blackstone Infrastructure for $5.65 Billion
Sun Communities said it has entered into a definitive agreement to sell 100% of its interests in the Safe Harbor Marinas business to affiliates of Blackstone Infrastructure for an all-cash ...
Sun Communities, Inc. to Present at the Citi 2025 Global Property CEO Conference
Sun Communities, Inc. is a REIT that, as of December 31, 2024, owned, operated, or had an interest in a portfolio of 645 developed properties comprising approximately 176,390 developed sites and ...
Seeking Alpha1mon
Sun Communities: Not Your Ordinary Residential Landlord
This article was coproduced with Wolf Report. In has been a few months since we did a deep dive on Sun Communities (NYSE:SUI). As you're aware, Sun Communities is one of a few REITs in its ...