Sun Communities, Inc. Designates Baxter Underwood as Executive Officer
November 05, 2020 at 10:14 am EST
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In connection with the closing of the Merger, on October 30, 2020, Sun Communities, Inc. entered into the Seventh Amendment to Agreement of Limited Partnership Agreement of Sun Communities Operating Limited Partnership and a Registration Rights Agreement with Safe Harbor members that received certain Merger Securities at the closing of the Merger. Baxter Underwood is the Chief Executive Officer of Safe Harbor. Upon the closing of the Merger, the Company's Board of Directors designated him as an executive officer of the Company for purposes of securities laws. Mr. Underwood has served as Safe Harbor's Chief Executive Officer since January of 2017.
Sun Communities, Inc. is a fully integrated real estate investment trust (REIT). The Company owns manufactures housing (MH) and recreational vehicle (RV) communities and marinas in the United States, the United Kingdom, and Canada. The Company operates through three segments: MH communities, RV communities, and Marinas. The MH communities segment offers affordable housing to individuals and families, while also providing certain amenities. The RV communities offers affordable vacation opportunities to individuals and families with various amenities. The Marinas offers wet slip and dry storage space leases, end-to-end services, fuel sales and other amenities. The Company owns and operates, directly or indirectly, or had an interest in, a portfolio of 667 developed properties located in the United States, the United Kingdom, and Canada, including 353 MH communities, 179 RV communities and 135 marinas. The Companyâs properties contained an aggregate of 227,340 developed sites.
SUN COMMUNITIES, INC. 
