Acquisitions - Series E preferred interest $ — $ 9,000 Acquisitions - Contingent consideration liability $ 3,201 $ — See accompanying Notes to Consolidated Financial Statements. Sun Communities IncPark Holidays UK acquired by Sun Communities, Inc ... MEET OUR NEWEST PROPERTIES Welcome to Our Sun Family! During the first half of 2020, the company bought five communities for $132.3 million, adding 1,445 sites. For the 11th straight year, Sun Communities & Sun Outdoors has been named a Top Workplace in Michigan by the Detroit Free Press! Sun Communities, inc ... outperformance of transient RV, marinas, the sustained strength in our manufactured housing portfolio and our robust acquisition activity, particularly as … For the 11th straight year, Sun Communities & Sun Outdoors has been named a Top Workplace in Michigan by the Detroit Free Press! From $45 * Avg. Sun Communities intends to use the net proceeds, if any, received upon the future settlement of the forward sale agreements to fund a portion of the purchase price for its proposed $1.3 billion acquisition of Park Holidays UK, the second largest owner and operator of holiday communities in the United Kingdom. Nov 2018 - Jan 20212 years 3 months. Being named a Top Workplace is a big deal — only 174 companies made this year’s list and Sun placed at number 13 amongst similar sized companies! is a Delaware Limited-Liability Company (Llc) filed On May 19, 1997. Sun Communities, Inc. Reports 2021 Third Quarter Results Southfield, Michigan, October 25, 2021 – Sun Communities, Inc. (NYSE: SUI) (the "Company"), a real ... • Acquisitions totaled $500.8 million during and subsequent to the quarter ended September 30, 2021, including 9 MH communities, 7 RV resorts and 6 marinas. In 2001, the company had over 110 communities with over 39,000 developed sites … We became a public company in 1993 with 24 communities and since then have grown our portfolio … Talent Acquisition Specialist Detroit Lions fan in search of a Super Bowl victory. Here's a look at what's ahead for the leading owner of manufactured housing and RV communities. Further to the announcement in February 2019 that Ingenia was conducting due diligence on six potential acquisitions for the Group’s Joint Venture with Sun Communities, the Joint Venture has now contracted its first acquisitions, well ahead of plan, with agreement to purchase Sun Communities Inc is a real estate investment trust that acquires, operates, and develops manufactured housing and recreational vehicle communities throughout the United States. Sun Outdoors offers many ways to stay. The cost of renting an RV site can vary based on the season and the types of amenities. The Case For Sun Communities: This REIT was founded in 1975 and is headquartered in Southfield, Michigan. Sun Communities has spent more than $5.8 billion since 2010 to acquire new communities, growing its portfolio more than threefold. Sun Communities is a publicly traded real estate investment trust that invests in manufactured housing communities, recreational vehicle resorts, and marinas. Being named a Top Workplace is a big deal — only 174 companies made this year’s list and Sun placed at number 13 amongst similar sized companies! Park Holidays is the second largest owner and operator of holiday communities in the UK, with 40 owned and operated communities and an additional two managed communities. Mike joined Sun as a Talent Acquisition Specialist in January of 2019. Sun Communities’ largest acquisition to date was in 2020, when it acquired Safe Harbor Marinas for $2.1B. You’re going to have to learn…See this and similar jobs on LinkedIn. Southfield, MI, Oct. 30, 2020 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE: SUI) (the "Company") today announced the closing of its previously announced acquisition of Safe Harbor Marinas, LLC (“Safe Harbor”). Sun Communities, Inc. is a REIT that, as of September 30, 2021, owned, operated, or had an interest in a portfolio of 584 developed MH, RV and marina properties comprising nearly 155,900 developed sites and nearly 44,900 wet slips and dry storage spaces in 38 states, Canada and Puerto Rico. Together with our parent company, Sun Communities, Inc., we are pleased to welcome Carefree Communities into our extensive portfolio of RV resorts! Sun Communities is the nation’s premier owner and operator of Manufactured Housing Communities and RV Resorts and is recognized for having the nation’s most attractive and competitive MH Community and RV Resort Acquisition program. Acquisitions. Sun Communities Acquisitions Program. As of December 31, 2020 , 922,000 Series I preferred OP units were outstanding. as administrative agent and sole lead arranger in connection with £950 million in senior unsecured bridge financing commitments for Sun Communities, Inc.’s pending acquisition of Park Holidays UK. OPENED IN MARCH 2021. Tonight, this is the 1- and 5-year snapshots of the trendlines for Sun Communities stock, per Yahoo Finance. We just keep growing stronger! Southfield Talent Acquisition Specialist - Recruiter - MI, 48033 ... At Sun Communities, you will be part of an industry-leading organization where you will be challenged, inspired, rewarded and transformed. Daniel Milantoni Director, HR Technology & Facilities at Sun Communities & Sun RV Resorts Southfield, MI. By MHProNews / Manufactured and Modular Housing News / October 29, 2019 October 29, 2019. During and subsequent to the nine months ended September 30, 2021, the Company acquired 38 properties Sun Communities owns and operates over 300 manufactured home communities and RV resorts located in 29 states throughout the US and Ontario, Canada. He graduated with a Bachelor's degree in Communication from Wayne State University in 2011, and obtained his Master's degree in Human Resources Management from Walsh College in December of 2014. Sun Communities Inc., a real estate investment trust (REIT) that owns and operates or has an interest in manufactured housing communities, RV resorts and marinas, has announced the pricing of an underwritten public offering of 3,500,000 shares of its common stock at a public offering price of $185 per share in connection with the forward sale agreement described below. Clients Sun Communities, Inc.. Jones Day is advising Sun Communities, Inc. on its acquisition of Park Holidays UK for approximately $1.3 billion. 1d. Sun Communities, Inc. (NYSE: SUI) today announced that it had entered into a definitive agreement to acquire Park Holidays UK (“Park Holidays”) for approximately £950 million, or … Troy, MI. Sun Communities is North America’s premier provider of … By clicking "I accept" or using our site, you consent to the use of cookies. Join our Sun Outdoors email family and get great specials and discounts for family vacations. Fort Tatham RV Resort and Campground June 10, 2016. 5 min read. The domestic staycation industry has performed well through the pandemic and has introduced many new customers to holiday parks for both holiday breaks and caravan and lodge ownership. Sun Communities, Inc. to Acquire Safe Harbor Marinas, LLC for $2.1 Billion ... A conference call to discuss the acquisition will be held today, Tuesday, September 29, 2020 at 10:00 A.M. (ET). The transaction includes 99 marinas owned and operated by Safe Harbor and eight marinas that the operator manages on behalf of third parties. This is Sun Communities’ 1st transaction in the Leisure sector. “We are pleased with our third-quarter results which highlight successful execution across all of our growth strategies,” said Gary Shiffman, CEO of Sun Communities. Source: Company information. Sun Outdoors Mystic Rates & availability Click on Rates & availability for Sun Outdoors Mystic. During 2006, the Company acquired a manufactured home community located ... Sun Communities Operating Limited Partnership, a Michigan limited partnership (the “Operating Partnership”), is the entity through which we conduct substantially all of our operations, and which owns, either directly or Michigan. Sun Communities (NYSE: SUI) has secured its first projects. You have more options than ever before with Sun RV Resorts! For the 11th straight year, Sun Communities & Sun Outdoors has been named a Top Workplace in Michigan by the Detroit Free Press! Reading the transcript of the Sun Communities (SUI) Q2 2021 Earnings Call is to encounter a near euphoric sense of growth. SUN COMMUNITIES, INC. 5 Stretching from coast to coast across the U.S. with a presence in Ontario, Canada, Sun Communities is now one of the largest owners and operators of manufactured home communities, RV resorts and campgrounds. Sun Communities has acquired in 2 different US states, and 2 countries. Acquisitions Associate. Report this post. Apart from organic growth, Sun Communities puts emphasis on growth through acquisitions as well. Leading owner and operator of manufactured housing (“MH”) communities, recreational vehicle (“RV”) resorts, and marinas Calling FP&A professionals: Sun Communities & Sun Outdoors is … Posted 7:45:23 AM. (b) Includes two RV communities. As one of America’s largest owners and operators of manufactured housing communities and RV resorts, Sun Communities has built a solid foundation for the most attractive and competitive community acquisition programs in the industry. The company's File Number is listed as 2752818. In conjunction with the acquisition, the Company issued Series I preferred OP units. Posted 11:51:50 AM. To learn more about our homes, please fill out the form below. Bridge Financing for £950 Million Acquisition by Sun Communities of Park Holidays UK Shearman & Sterling represented Citibank, N.A. Don’t get us wrong, it’s not easy to land a gig at Sun Communities. The Registered Agent on file for this company is The Corporation Trust Company and is located at Corporation Trust Center 1209 Orange Street, Wilmington, DE 19801. * These fields are required. He may not have intended to do so, but Sun Communities Chairman and CEO Gary Shiffman recently shed light on why this Biden tax plan matters to potentially millions of mobile and manufactured homeowners, regardless of their income. Sun Communities recently announced that it'll be acquiring the #2 player in the UK by the number of communities, Park Holidays. We’ve Acquired Carefree Communities! Sun Communities & Sun RV Resorts. WATER OAK LADY LAKE, FL. Southfield, MI. The vast majority of the company's real estate portfolio is comprised of manufactured housing communities in terms of the total number of properties. Sun Communities, Inc. is a REIT that, as of June 30, 2021, owned, operated, or had an interest in a portfolio of 569 developed MH, RV and marina properties comprising over 153,300 developed sites and nearly 41,300 wet slips and dry storage … In 2001, the company had over 110 communities with over 39,000 developed sites and nearly 5,000 sites available for development. In 2001, the company had over 110 communities with over 39,000 developed sites … (d) Includes two marinas. As part of our tribe, you'll enjoy RV resort camping deals, vacation home specials, and seasonal offers. Don’t get us wrong, it’s not easy to land a gig at Sun Communities. Sun Outdoors Mystic Contact to Book Check Sun Outdoors Mystic Rates & availability. Being named a Top Workplace is a big deal — only 174 companies made this year’s list and Sun placed at number 13 amongst similar sized companies! Sky News has learnt that Sun Communities has agreed to pay in the region of £900m for Park Holidays, which owns more than 30 sites in counties such as Devon, Kent and Sussex. Sun Communities expects the acquisition to be accretive to 2022 Core FFO per share. Company History: Sun Communities Inc. operates as a real estate investment trust (REIT) that owns, operates, and develops manufactured housing communities. Forward Looking Statements Michigan Manufactured Homes - Sun Communities. During the year ended December 31, 2020 , the Company acquired 24 MH communities and RV resorts with 6,919 sites and 106 marinas with over Region of Interest: * Northern Michigan Central Michigan Western Michigan Southeast Michigan Southwest Michigan. As of December 31, 2020 , 922,000 Series I preferred OP units were outstanding. You’re going to have to learn…See this and similar jobs on LinkedIn. This is Sun Communities’ 2nd largest (disclosed) transaction. In 2019, the REIT has carried $444 million worth of acquisitions in 14 communities. SUN OUTDOORS SAN DIEGO BAY –CHULA VISTA, CA. On November 15, 2021, Sun Communities, Inc. acquired leisure company Park Holidays UK Ltd. from Intermediate Capital Group (ICG) for 950M GBP Acquisition Highlights. The Company acquired 99 marinas owned and operated by Safe Harbor and eight marinas Safe Harbor manages on behalf of third parties. As of June 30, 2021 the company owned interests in 569 such communities in the United States and Canada consisting of over 153,300 developed sites and nearly 41,300 wet slips and dry storage spaces. Senior Vice President of Finance & Capital Markets at Sun Communities. Sun Communities (NYSE: SUI) has secured its first projects. Meanwhile, Sun Communities has two external growth drivers: acquisitions and development projects. Sun Communities, Inc. announced its acquisition of Park Holidays UK for approximately $1.3 billion. “Pandemic Beneficiary” – Sun Communities Acquisition ‘Pipeline Full,’ Ground Up Developing – Home Sales, Rental, SUI Manufactured Home Communities Performance Updates . Sun Communities 3rd Quarter-New Acquisitions, Sales Detail$, New Sites, Inside Info, plus Manufactured Home Investing, Stock Updates. The 18 communities acquired are located in western Michigan and comprise Sun Communities Inc. completed its acquisition of Safe Harbor Marinas LLC for about $2.0 billion. The following quote is from Shiffman’s recent Sun Q1 2021 earning’s call. Sun Communities, Inc. has committed to further investment in the group’s parks, including expansion through continued acquisition. Sun Communities has acquired 3 companies, including 3 in the last 5 years. Sun Communities, Inc. is a REIT that, as of June 30, 2021, owned, operated, or had an interest in a portfolio of 569 developed MH, RV and marina properties comprising over 153,300 developed sites and nearly 41,300 wet slips and dry storage … At Sun Outdoors, the typical cost of renting an RV site for five nights is between $500 and $1,000. Talent Acquisition Specialist at Sun Communities & Sun RV Resorts Livonia, MI. Park Holidays is the second largest owner and operator of holiday communities in the UK, with 40 owned and operated communities and an additional two managed communities. Southfield, MI, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE: SUI) (“Sun” or the "Company") today announced that it … Director of Financial Planning and Analysis at Sun Communities. Post-acquisition Net Debt / "Fully Loaded" EBITDA expected to be within Sun's target of the mid-5s. (d) Includes two marinas. Tonight, will be the raw transcript, per the Motley Fool. Come camping at one of our many resorts across the country to get an experience of an outdoor getaway. Sun Communities Inc. operates as a real estate investment trust (REIT) that owns, operates, and develops manufactured housing communities. 3. Acquisitions subsequent to quarter end Beaver Brook Campground RV 204 150 ME 4.5 October Subtotal 204 150 4.5 Total acquisitions 7,441 897 $ 500.8 (a) Includes nine MH communities. Through the first half of 2020, the company invested $132.3 million to purchase five more communities with 1,455 sites as it continues to consolidate the highly fragmented manufactured home and RV sectors. Refer to In June 2011, we closed on the acquisition of Kentland Communities (“Kentland”), comprising 17 manufactured home communities and 1 recreational vehicle community. Talent Acquisition Specialist Detroit Lions fan in search of a Super Bowl victory. Further to the announcement in February 2019 that Ingenia was conducting due diligence on six potential acquisitions for the Group’s Joint Venture with Sun Communities, the Joint Venture has now contracted its first acquisitions, well ahead of plan, with agreement to purchase Sun Communities has announced its entry into a definitive agreement to acquire Park Holidays UK for approximately $1.3 billion. Sign up and let your journey to your Sunnier Side begin. Kasey Long. Sun Communities agrees to $343.6M mobile home portfolio deal. Sun Communities, headquartered in Southfield, Michigan, and established in 1975, is a real estate investment trust company that acquires, operates, and develops manufactured housing and recreational vehicle communities. Company History: Sun Communities Inc. operates as a real estate investment trust (REIT) that owns, operates, and develops manufactured housing communities. You’re going to have to learn…See this and similar jobs on LinkedIn. He graduated with a Bachelor's degree in Communication from Wayne State University in 2011, and obtained his Master's degree in Human Resources Management from Walsh College in December of 2014. Despite the fact that the earnings call occurred in the wake of PINO Joe Biden’s White House statements and executive order regarding the problems of consolidation and the … Sun has been listed on the New York Stock Exchange since 1993 under the symbol: SUI. Sun Communities Acquisition, L.L.C. We use cookies to enhance your experience, measure the effectiveness of campaigns, and improve our website. In conjunction with the acquisition, the Company issued Series I preferred OP units. Transaction is Expected to be Accretive to 2022 Core FFO per Share. per night. Sun Communities, Inc. (NYSE: SUI) (“Sun” or the "Company") today announced that it had entered into a definitive agreement to acquire Park Holidays UK (“Park Holidays”) for approximately £950 million, or $1.3 billion. $1 billion in acquisitions is just the tip of the iceberg. Sun Communities, a leading national real estate investment trust (REIT) that owns, operates or has an interest in manufactured housing and RV communities, has entered into an agreement to acquire a 31-community manufactured housing portfolio for $343.6 million in a merger with Jensen’s, Inc. Park Holidays is the second largest owner and operator of holiday communities in the UK, with 40 owned and operated communities and an additional two managed communities. Sun … Sun Outdoors Mystic Rates & availability Check Sun Outdoors Mystic Rates & availability. Refer to Sun Communities, Inc. Form 10- Q and Supplemental for the quarter ended June 30, 2021, as w ell as Press Releases and SEC Filings after June 30, 2021, for additional information. Senior Talent Acquisition Specialist at Sun Communities & Sun Outdoors. In addition to acquisitions, Sun Communities also aim to develop between 3 and 4 new projects every year with an internal rate of return between 7% to 9%. Posted 11:51:50 AM. Description. We place a high priority on our team members, and this is … Refer to Sun Communities, Inc. Form 10- Q and Supplemental for the quarter ended March 31, 2021, as well as Press Releases and SEC Filings after March 31, 2021, for additional information. This steady diet of acquisitions will likely continue over the next three years. During the year ended December 31, 2020 , the Company acquired 24 MH communities and RV resorts with 6,919 sites and 106 marinas with over The acquisition of Carefree expands our footprint to over … About Sun Communities, Inc. Sun Communities, Inc. is a REIT that, as of September 30, 2021, owned, operated, or had an interest in a portfolio of 584 developed MH, RV and marina properties comprising nearly 155,900 developed sites and nearly 44,900 wet slips and dry storage spaces in 38 states, Canada and Puerto Rico. A total of 2 acquisitions came from private equity firms. Competitive Acquisitions Program. Don’t get us wrong, it’s not easy to land a gig at Sun Communities. Source: Company information. August 5, 2021. Since going public with 31 communities in December, 1993, Sun has methodically assembled one of the … Mike joined Sun as a Talent Acquisition Specialist in January of 2019. Tonight’s feature, as the headline says, is about Sun Communities. Represents compelling valuation of 12.9x Enterprise Value / EBITDA based on Park Holidays' ~£74mm TTM EBITDA(1) Expected to close in 1Q 2022, subject to regulatory approval. Fernando Castro-Caratini. Acquisitions totaled $500.8 million during and subsequent to the quarter ended Sept. 30, including nine MH communities, seven RV resorts and six marinas. (866) 791-2919 (866) 791-2919. Embrace the freedom to explore new places and connect with outdoor experiences. Southfield, MI, Oct. 30, 2020 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE: SUI) (the "Company") today announced the closing of its previously announced acquisition of Safe Harbor Marinas, LLC (“Safe Harbor”). Sun Communities, Inc. is a REIT that, as of September 30, 2021, owned, operated, or had an interest in a portfolio of 584 developed MH, RV and marina properties comprising nearly 155,900 developed sites and nearly 44,900 wet slips and dry storage spaces in 38 states, Canada and Puerto Rico.