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Is the $5.65B Deal a Win for Sun Communities or Blackstone?
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Subscribe26 MAR 2025 / BUSINESS
Sun Communities is selling its marina business, Safe Harbor Marinas, to Blackstone Infrastructure for $5.65 billion, allowing the company to focus on its core businesses of manufactured housing and RV parks. This strategic move will improve Sun Communities' financial stability and balance sheet, while giving Blackstone an opportunity to grow in the high-end boating business.
Sun Communities just pulled off a big-league deal, trading its marina empire for a hefty $5.65 billion payday. Think of it like swapping a decked-out superyacht for a steady cash-flowing rental empire because that’s where Sun sees the real dough. Th...
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