Sun Communities to Sell Marinas Business to Blackstone

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 ...
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.
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%.
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: 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 ...
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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 ...
RBC Capital Sticks to Their Buy Rating for Sun Communities (SUI)
RBC Capital analyst Brad Heffern maintained a Buy rating on Sun Communities (SUI – Research Report) yesterday and set a price target of ...
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SUN COMMUNITIES, INC. ANNOUNCES SALE OF SAFE HARBOR MARINAS TO BLACKSTONE INFRASTRUCTURE IN AN ALL-CASH TRANSACTION FOR $5.65 BILLION
Southfield, MI, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE: SUI) (the "Company" or “Sun”), a real estate investment trust (“REIT”) that ...
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April 17th Options Now Available For Sun Communities
Investors in Sun Communities Inc (Symbol: SUI) saw new options become available today, for the April 17th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the ...
Bronstein, Gewirtz & Grossman, LLC Is Investigating Sun Communities, Inc. (SUI) And Encourages Investors to Connect
NEW YORK CITY, NY / ACCESS Newswire / February 25, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential ...
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Sun Communities, Inc. Announces Date for Fourth Quarter 2024 Earnings Release and Conference Call
The replay will be accessible through March 13, 2025. About Sun Communities, Inc. Sun Communities, Inc. is a REIT that, as of September 30, 2024, owned, operated, or had an interest in a portfolio ...