Sun Communities, Inc. Completes Partnership with Blackstone Infrastructure for Safe Harbor Marinas
04/30/25, 8:42 PM
Location
southfieldMoney
$5.25 billion
Industry
real estate
Type
partnership
Sun Communities, Inc. has completed the initial closing of the sale of its interests in the Safe Harbor Marinas business to an affiliate of Blackstone Infrastructure. This partnership accelerates Sun’s strategy of focusing on its core MH and RV portfolio and significantly enhances its leverage profile and financial flexibility.
Company Info
Location
southfield, michigan, united states
Additional Info
Sun Communities, Inc. is a REIT that, as of September 30, 2024, owned, operated, or had an interest in a portfolio of 659 developed properties comprising approximately 179,130 developed sites and approximately 48,760 wet slips and dry storage spaces in the United States, Canada, and the United Kingdom.