Sun Communities to Sell Marinas Business to Blackstone for $5.65 Billion
The all-cash purchase of Safe Harbor Marinas by affiliates of Blackstone Infrastructure is expected to close in the second ...
Blackstone to buy Sun Communities' Safe Harbor marinas for $5.65B
Sun Communities (SUI) stock climbed 5.3% in early Monday trading after the REIT agreed to sell its Safe Harbor marinas ...
Blackstone Buys Superyacht and Marina Servicer for $5.65 Billion
A unit of Blackstone Inc. agreed to acquire a marina and yacht servicing business for $5.65 billion in a bet on US boaters.
Blackstone to acquire Safe Harbor from Sun Communities for $5.65B
Blackstone (BX) announced that funds managed by Blackstone Infrastructure have agreed to acquire Safe Harbor Marinas from Sun Communities (SUI) ...
SUN COMMUNITIES, INC. ANNOUNCES SALE OF SAFE HARBOR MARINAS TO BLACKSTONE INFRASTRUCTURE IN AN ALL-CASH TRANSACTION FOR $5.65 BILLION
Play MH and RV Focused REIT; Enhances Flexibility Through Substantial De-Leveraging and Improves Margin and Cash Flow ProfileSouthfield, MI, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Sun Communities, Inc.
Crain's Detroit4d
Sun Communities sells marina and yacht servicing business for $5.65B
Southfield-based Sun Communities Inc. is selling off its marina and yacht-servicing business for $5.65 billion to a unit of ...
GlobeSt.com6d
Blackstone Buys Marina Portfolio in $5.7B Deal
Blackstone Infrastructure has agreed to acquire the Safe Harbor Marinas portfolio from Sun Communities for $5.65 billion in ...
Reuters8d
REIT Sun Communities to sell superyacht unit to Blackstone for $5.65 billion
It invests in infrastructure assets principally in North America, aiming to diversify Blackstone's portfolio. For the transaction, Lazard Freres & Co is the financial advisor to Sun Communities ...