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News Breaks
January 3, 2013
17:38 EDTSUISun Communities acquires two properties for $102.6M
Sun Communities announced that it acquired two properties, Palm Creek Golf & RV resort and Lake in Wood. The two properties contain approximately 2,288 sites for a stated purchase price of $102.6M. The company acquired Palm Creek Golf & RV and related improvements, personal property and associated intangibles for $70.4M and a contiguous parcel of land being developed to add approximately 990 vehicle, or 500 manufactured housing sites, for $15M. The aggregate purchase price of $88M includes the reimbursement of $2.6M for construction costs. The company assumed $41.7M of mortgage debt secured by the community. Lake in Wood was purchased for $14.6M paid in cash.
News For SUI From The Last 14 Days
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October 10, 2014
10:01 EDTSUIOn The Fly: Analyst Downgrade Summary
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08:30 EDTSUISun Communities downgraded at BMO Capital
As noted earlier, BMO Capital downgraded Sun Communities to Market Perform from Outperform. As reasons for the downgrade, the firm cited valuation and its belief that several factors, including the closing of the company's Green Courte portfolio, could create "noise" over the next several quarters. Target $56.
06:15 EDTSUISun Communities downgraded to Market Perform from Outperform at BMO Capital
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