Sun Communities Announces Sale of Safe Harbor Marinas to Blackstone Infrastructure

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announced the sale of its Safe Harbor Marinas business to affiliates of Blackstone Infrastructure for an aggregate purchase price of approximately $5.65 billion. The transaction, expected to close in the second quarter of 2025, will allow Sun Communities to refocus on its core manufactured housing and recreational vehicle segments, significantly de-leverage its balance sheet, and improve its financial profile.

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About Sun Communities Inc.

Sun Communities Inc. is a real estate investment trust (REIT) specializing in the ownership and operation of manufactured home and recreational vehicle (RV) communities. Its primary function is to provide affordable housing options and vacation experiences across North America. Sun Communities is predominantly focused on the residential real estate sector, with a diversified portfolio that includes a mix of properties catering to different demographics and preferences. The company manages and develops a variety of properties that offer economically-priced manufactured housing communities and upscale RV resorts. These properties are strategically located in both urban and desirable vacation destinations, contributing to their attractiveness and market appeal. With a commitment to quality living experiences, Sun Communities also offers a range of community amenities and social activities to enhance the lifestyle of its residents. Within the financial market, Sun Communities plays a significant role in providing investors with the opportunity to gain exposure to the stable and growing manufactured housing and RV sectors. Through its extensive and diversified portfolio, Sun Communities is positioned as a leader in these niche real estate markets, supporting its reputation as a reliable and innovative REIT.