Sun Communities, Inc. acquired Three Marina Properties in US for $12 million.
April 28, 2024
Share
Sun Communities, Inc. (NYSE:SUI) acquired Three Marina Properties in US for $12 million Subsequent to the quarter ended March 31, 2024. For Port Milford, the Company issued 19,326 common OP units valued at $2.5 million.
Sun Communities, Inc. (NYSE:SUI) completed the acquisition of Three Marina Properties in US Subsequent to the quarter ended March 31, 2024.
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 four segments: MH communities, RV communities, Marinas, and communities in the United Kingdom (UK). 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 UK segment owns, operates, develops, or has an interest in, a portfolio of communities, referred to as holiday parks, and is in the business of acquiring, operating, and developing communities in the United Kingdom. The Company owns and operates portfolio of 665 developed properties.