blackstone sun communities

Sun Communities to Sell Marinas Business to Blackstone

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 quarter.

Seeking Alpha on MSN · 21h

Blackstone to buy Sun Communities' Safe Harbor marinas for $5.65B

Sun Communities (NYSE:SUI) stock climbed 5.4% in early Monday trading after the REIT agreed to sell its Safe Harbor marinas business to private equity giant Blackstone (NYSE:BX) for $5.65B in an all-cash transaction.

Bloomberg L.P. · 21h

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.

GlobeSt.com2h

Blackstone Acquires 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 ...

2hon MSN

This Top-Performing Investment's Big Splash Is Paying Off via a $1.3 Billion Windfall Profit

Sun Communities ( SUI 6.49%) made a big splash during the pandemic. The real estate investment trust (REIT) expanded its ...

21h

SUN COMMUNITIES, INC. ANNOUNCES SALE OF SAFE HARBOR MARINAS TO BLACKSTONE INFRASTRUCTURE IN AN ALL-CASH TRANSACTION FOR $5.65 BILLION

Re-focuses Business Strategy. Post-transaction, Sun’s North America MH and RV portfolio is expected to account for approximately 90% of the Company’s Net Operating Income (“NOI”), streamlining its ...

marineindustrynews40m

Safe Harbor Marinas sold for $5.65bn

Blackstone Infrastructure, a division of Blackstone Inc., has agreed to acquire Safe Harbor Marinas, the largest marina and ...

Some results have been hidden because they may be inaccessible to you

Show inaccessible results