A woman's body was removed from a burnt yacht Friday at a Florida marina, . {{community.phone_number}}. Karen J. DearingChief Financial Officer(248) 208-2500www.suncommunities.com Sun Communities, Inc. outbreaks of disease, including the COVID 19 pandemic, and related stay at home orders, quarantine policies and restrictions on travel, trade and business operations; changes in general economic conditions, the real estate industry and the markets in which the Company operates; difficulties in the Companys ability to evaluate, finance, complete and integrate acquisitions (including the acquisition of Safe Harbor), developments and expansions successfully; the Companys liquidity and refinancing demands; the Companys ability to obtain or refinance maturing debt; the Companys ability to maintain compliance with covenants contained in its debt facilities; changes in foreign currency exchange rates, including between the U.S. dollar and each of the Canadian and Australian dollars; the Companys ability to maintain rental rates and occupancy levels; the Companys failure to maintain effective internal control over financial reporting and disclosure controls and procedures; increases in interest rates and operating costs, including insurance premiums and real property taxes; risks related to natural disasters such as hurricanes, earthquakes, floods, and wildfires; general volatility of the capital markets and the market price of shares of the Companys capital stock; the Companys failure to maintain its status as a REIT; changes in real estate and zoning laws and regulations; legislative or regulatory changes, including changes to laws governing the taxation of REITs; the ability of purchasers of manufactured home buyers and boats to obtain financing; and. SUN OUTDOORS PANAMA CITY BEACH - PANAMA CITY BEACH - Sun Communities Save thousands off select Red Tag homes at our participating communities with no application fee and third-party financing available for those who qualify. We have spent a number of years getting to know Sun and are impressed with their leadership team and track record of consistently growing value for all their stakeholders. Sun Communities is the largest residential REIT specializing in the ownership, leasing, and sales of mobile homes, marina slips, and recreational vehicle spots in its 602 resorts across the. Citigroup acted as financial advisor to the Company and Jaffe, Raitt, Heuer & Weiss, Professional Corporation acted as legal advisor. I love this place and have found nothing but help and kind people here. In November, Sun also announced its acquisition of Park Holidays UK, the second-largest owner of vacation communities in the United Kingdom. Copyright 2023 The Waterways Journal Inc. Sign up for the Marina Dock Age newsletter. Primary Office. The Company undertakes no obligation to publicly update or revise any forward-looking statements included in this press release, whether as a result of new information, future events, changes in its expectations or otherwise, except as required by law. Sun Communities acquires Safe Harbor Marinas for $2.11B "This transaction increases our geographic and customer diversity and introduces a new platform that can enhance our ability to generate industry leading returns. Sun Communities, Inc. (NYSE:SUI) is a REIT that, as ofJune 30, 2020, owned, operated, or had an interest in a portfolio of 426 communities comprising nearly 143,000 developed sites in 33 states andOntario, Canada. Safe Harbor Marinas Announces Merger Agreement with Sun Communities It is mandatory to procure user consent prior to running these cookies on your website. Sun Communities is a public company headquartered in Michigan with an estimated 5,961 employees. Safe Harbor Marinas Announces Merger Agreement With Sun Communities (1) Does not include five marinas managed for third parties. {{ community.code==='WAT' ? These low maintenance homes are very comfortable and manageable, providing affordable housing options with plenty of value in this beautiful area. Jaffe Raitt Heuer& Weiss P.C. Safe Harbor Marinas has entered into a definitive merger agreement with Sun Communities, Inc. (NYSE: SUI) and one of its subsidiaries in a transaction for cash and SUI equity valued at $2.11 billion. Sun Communities, Inc. Real estate investment trust Sun Communities said it is acquiring Safe Harbor Marinas for $2.11 billion. Marina Cove 55+ Community | CT - Sun Communities By Rayna Katz | September 30, 2020 at 06:37 PM Seeking. Sun Communities, currently owns and operates 426 manufactured housing and recreational vehicle communities in 33 states and Ontario, Canada. Sun Communities Headquarters & Corporate Office Sun Communities owns and operates over 300 manufactured home communities and RV resorts located in 29 states throughout the US and Ontario, Expanding Suns platform to include marinas is a major strategic decision and we could not have chosen a better partner to execute this important growth initiative.. These risks, uncertainties and other factors may cause the Companys actual results to be materially different from any future results expressed or implied by such forward-looking statements. Safe Harbor's operating team, led by Baxter Underwood, will run Safe Harbor as a subsidiary of Sun Communities, independent of Sun's manufactured home and recreational vehicle community business. We are excited to partner with Sun Communities, a premier real estate investment trust that owns and operates 426 properties acrossNorth America, said Baxter Underwood, CEO of Safe Harbor Marinas. , . Safe Harbor Marinas 04 Jan, 2021, 09:15 ET DALLAS, Jan. 4, 2021 /PRNewswire/ -- We are pleased to announce that Safe Harbor Marinas has acquired Rybovich, the premier US destination and service. Call us to schedule a tour of Marina Cove, or let our professional sales team help find the perfect affordable manufactured home for you. asset. , . Community Manager, {{item.title}}: This category only includes cookies that ensures basic functionalities and security features of the website. [13], In April 2022, the company acquired Park Holidays UK for $1.3 billion. Hewitt covers planning and zoning issues. By clicking "I accept" or using our site, you consent to the use of cookies. and well give you ours competitive wages, great benefits and a rewarding and collaborative workplace in which you can learn, grow and set Safe Harbor Marinas is thelargest owner and operator ofmarinas in the world. |Important Disclosures|Design: Beal Creative, ARKO / GPM Expands to Almost 3,000 Combined Company Operated and Wholesale Sites Across 33 States, Flagship Communities Real Estate Investment Trust Completes US$93.75 Million Initial Public Offering. Only wish I had a bigger home, but nevertheless, top shelf people from management to maintenance., I am so thankful to be part of this loving Community and neighborhood. This press release contains various forward-looking statements within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, and the Company intends that such forward-looking statements will be subject to the safe harbors created thereby. , , , , , , Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, SAVANNAH YACHT CENTER JOINS SAFE HARBOR MARINAS. {{people.phone_number}} Underwood explained that the marina industry has high barriers to entry, including stringent regulatory hurdles to new construction and limited availability of land along the desirable protected waterways.. Safe Harbor Marinas Announces Merger Agreement With Sun Communities Settiner Yacht Club, Cleverbruck, Schleswig-Holstein, Germany Marina. Safe Harbor will operate independently from Suns other businesses, but we will benefit from their tremendous strength. The transaction with Safe Harbor Marinas is a continuation of our forward-thinking strategic positioning and represents a very compelling growth opportunity, Shiffman said. Hosted by high-profile journalist Emily Chang, The Circuit is a fast-paced, dynamic series that lives at the intersection of culture, tech, entertainment, and business. Sun Communities: Capitalizing On Affordable Housing And Recreational We believe in work-life balance: We ask you to give us your best, September 29, 2020 09:22 ET The Conference ID number for the call and the replay is 13711123. We are excited to partner with Sun Communities, a premier real estate investment trust that owns and operates 426 properties across North America, said Baxter Underwood, CEO of Safe Harbor Marinas. Citigroup Global Markets, Inc. served as advisor to Sun Communities. The acquisition, which is expected to be accretive to 2021 Core FFO per share, will comprise approximately 15% of the Companys pro forma total annual rental revenue. {{people.phone_number}} Marina Cove Active 55+ Community Uncasville, CONNECTICUT 877-217-3104 SEE ALL PHOTOS Waterfront Community Living for Active 55+ Adults in Uncasville, CT Live close to everything at Marina Cove, with a fabulous location in Uncasville, Connecticut, between Norwich and New London. 2023 American Infrastructure Funds LLC. Sun Communities Acquires Safe Harbor Marinas in $2.1B Deal We are committed to continuing the growth of our marina portfolio by harnessing Suns advantageous cost and form of capital., Gary A. Shiffman, Chief Executive Officer of Sun Communities added, We look forward to welcoming Safe Harbor to the Sun family. {{people.phone_number}} Settiner Yacht Club - Marinas.com In 2020, real estate investment trust Sun Communities acquired Safe Harbor Marinas, which will remain the largest marina owner in the U.S. even after the consolidation of its two top. The actual amounts of each component of the merger consideration may be materially higher or lower than the foregoing estimates. Safe Harbor Marinas Company Profile: Acquisition & Investors - PitchBook The balance comes from ancillary services like boat maintenance, fuel sales, boat rental, and on-site food and beverage sales.. Cision Distribution 888-776-0942 Both Moelis & Company LLC and Citizens Capital Markets served as advisors to Safe Harbor Marinas. En vous inscrivant la newsletter, vous consentez la rception de contenus de notre part. The transaction is expected to close during the fourth quarter and is subject to customary closing conditions. Were going to run it with the same people weve been running Safe Harbor with for the last four years.. Siesta Bay RV Resort. We have spent a number of years getting to know Sun and are impressed with their leadership team and track record of consistently growing value for all their stakeholders. Expanding Sun's platform to include marinas is a major strategic decision and we could not have chosen a better partner to execute this important growth initiative.". 2020, we owned and operated or had an interest in a portfolio of 552 MH communities, RV resorts, and marinas (collectively, the "properties") located in 39 states throughout the United . Safe Harbor Marinas was built in partnership with American Infrastructure Funds, Koch Real Estate Investments, Weatherford Capital, and Guggenheim Partners. Expanding Suns platform to include marinas is a major strategic decision and we could not have chosen a better partner to execute this important growth initiative.. Expanding Sun's platform to include marinas is a major strategic decision and we could not have chosen a better partner to execute this important growth initiative." . Thank you for contacting us. Available Amenities. We have studied the marina industry and specifically Safe Harbor for a number of years and have gotten to know the team very well. Safe Harbors full operating team, led by Baxter Underwood, will run Safe Harbor as a subsidiary of the Company independently from Suns manufactured home and recreational vehicle community business. About Sun Communities, Inc. Sun Communities, Inc. (NYSE: SUI) is a REIT that, as of June 30, 2020, owned, operated, or had an interest in a portfolio of 426 communities comprising nearly 143,000 developed sites in 33 states and Ontario, Canada. served as legal counsel to Sun Communities and Sidley Austin LLP and Duane Morris LLP served as legal counsel to Safe Harbor Marinas. served as legal counsel to Sun Communities and Sidley Austin LLP and Duane Morris LLP served as legal counsel to Safe Harbor Marinas. from 8 AM - 9 PM ET. Sun Communities - Facebook {{item.description}}. Red Tag savings are back for a limited time! ELS, 'Sun' Lead Charge as Investment Firms Go All In Find marina reviews, phone number, boat and yacht docks, slips, and moorings for rent at Settiner Yacht Club. "We have spent a number of years getting to know Sun and are impressed with their leadership team and track record of consistently growing value for all their stakeholders. Safe Harbor Marinas Announces Merger Agreement With Sun Communities All written and oral forward-looking statements attributable to the Company or persons acting on its behalf are qualified in their entirety by these cautionary statement. of {{people.phone_number}}, {{people.full_name}}, Expanding Suns platform to include marinas is a major strategic decision and we could not have chosen a better partner to execute this important growth initiative.. Mon. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS. {{people.phone_number}}, {{people.full_name}}, Shell Creek RV Resort & Marina. Safe Harbor Marinas Announces Acquisition of Brewer Yacht Yard Group, Empire Petroleum Partners Announces Acquisition of Distribution Contracts From Sunshine Fuel, American Education Properties Acquires Three School Facilities from American Charter Development for $19.1 Million, Tunnel Hill Partners Completes Combination with City Carting to Create One of the Largest Integrated Waste Companies, Leading Marina Companies Unite To Form Safe Harbor Marinas, Tunnel Hill Partners Named to Inc. 5000 Fastest Growing Companies List, Program Helps Charter Schools Fund Space Needs Amid Rising Bay Area Rents, American Education Properties Announces $4 Million Facilities Deal to Ensure Quality Education at CASSA, Empire Petroleum Announces Strategic Merger with the Retail Dealer Business of Atlas Oil Company, Landmark Infrastructure Partners LP Prices Initial Public Offering, Empire Petroleum Announces the Acquisition of Mansfield Oil Company's Retail Dealer Business and the Formation of a Strategic Growth Partnership, American Education Properties Announces $75 Million of Facilities Funding to Support 11 Charter Schools Across Six States, StoneMor Partners L.P. Our Communities - Sun Communities 1,207 talking about this. your sights on success. Sun Communities is a publicly traded real estate investment trust that invests in manufactured housing communities, recreational vehicle communities, and marinas. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. At the closing, the Company will (i) assume debt in the estimated amount of approximately $808 million, (ii) issue the sellers REIT operating partnership common and preferred OP units in the estimated amount of approximately $130 million, and (iii) pay the balance of the purchase price in cash. 14785 Preston Road, 9th Floor; Suite 975; Dallas, TX 75254; In addition to the risks disclosed under Risk Factors contained in the Companys Annual Report on Form 10-K for the year ended December 31, 2019, the Companys Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020 and September 30, 2020, and the Companys other filings with the Securities and Exchange Commission from time to time, such risks, uncertainties and other factors include but are not limited to: Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. served as legal counsel to Sun Communities and Sidley Austin LLP and Duane Morris LLP served as legal counsel to Safe Harbor Marinas. Theres more capital for buying marinas and fixing up the marinas we have, so we couldnt be happier, Potts said. Hop on the New London Ferry for a day trip to Block or Long Island. Thank you for your interest. Or visit Connecticut College and take in the scenery at their beautiful arboretum. Gary A Shiffman, Sun Communities Inc: Profile and Biography Shady Road Villas. They are exemplary in their outstanding selflessness. For more information, visit SHMarinas.com. Resident at Sunset Ridge (MI), "Everyone has been very nice. [7], In June 2016, the company acquired a portfolio of 103-communities mostly located in California, Florida, and Ontario, Canada for $1.7 billion from an affiliate of Centerbridge Partners. Weve got communities to fit every lifestyle with great locations to choose from across the country. We are pleased to announce that Safe Harbor Marinas has entered into a definitive merger agreement with Sun Communities, Inc. (NYSE: SUI) and one of its subsidiaries in a transaction for cash and SUI equity valued at $2.11 billion. Sun Communities Inc. For more news and stories, visit Suncommunities.com. Original Source ", Baxter Underwood said, "The opportunity to join the Sun platform is an exciting development for Safe Harbor. But opting out of some of these cookies may have an effect on your browsing experience. Sun Communities, a real estate investment trust based in Southfield, Michigan, announced the purchase of 104 marinas in 22 states including 18 marinas across Connecticut and Rhode Island in a deal valued at $2.1 billion in cash and stock. For more information, visit SHMarinas.com. Sun Communities : Closes Acquisition of Safe Harbor Marinas Sun Outdoors (formerly known as Sun RV Resorts) is the RV resort division of Sun Communities, Inc. and was established in 1996. Callers outside the U.S. or Canada can access the call at 201-689-8470. Hudson. Learn More, -2023/07/30 08:13:24 ==== 1969/12/31 07:00:00. We have lived here for 4 yearsfrom the management office all the way to the corporate office, Sun has gone above and beyond" . About Us - Sun Communities For more news and stories, visit Suncommunities.com. Mit Ihrer Anmeldung erklren Sie sich damit einverstanden, Inhalte von uns zu erhalten. You also have the option to opt-out of these cookies. Investor Overview - Sun Communities 1 2 3 4 Company Overview Established in 1975, Sun Communities became a publicly owned corporation in December, 1993. Both Moelis & Company LLC and Citizens Capital Markets served as advisors to Safe Harbor Marinas. 1 - {{community.total_homes >4 ? By signing up you agree to receive content from us. The aggregate purchase price for Safe Harbor is approximately $2.0 billion. We are excited to partner with Sun Communities, a premier real estate investment trust that owns and operates 426 properties acrossNorth America, Baxter Underwood, CEO of Safe Harbor Marinas said. Cate Hewitt is a reporter and Associate Editor for CT Examiner. the level of repossessions by manufactured home lenders. "We are excited to partner with Sun Communities, a premier real estate investment trust that owns and operates 426 properties across North America," said Baxter Underwood, CEO of Safe Harbor Marinas. An error occured, Please try again later. Act now and find out how you can close on your home in as little as seven days. It is a cute little community full of wonderful people." Copyright 2023 Design by Julia Balfour, LLC, Guilford P&Z Debates Limits on Development, Residents Voice Significant Concerns, Board of Finance Nixes Simmons Plan to Replace Stamfords Aging Animal Shelter, Long-Time New Britain Politicos Join Independent Party Slate For Alderman, New Haven Mayoral Candidates Pitch Solutions for the Citys Education Crisis, Committee Delays $86M Darien Elementary School Renovations by a Year, After 22 Years, Connecticuts Go-To Source for Help with Freedom of Information Law Takes a Bow. The Company acquired 99 marinas owned and operated by Safe Harbor and eight marinas Safe Harbor manages on behalf of third parties. Rives Potts, chief operating officer of Safe Harbor and the former president and CEO of Brewer Yacht Yard Group Inc., in Essex, which merged with Safe Harbor in January 2017, said that his company had been looking for additional capital to finance its growth Safe Harbor has grown from about 25 or 30 marinas to more than 100 in about four years. We love them because they spoil us. Citigroup acted as financial advisor to the Company and Jaffe, Raitt, Heuer & Weiss, Professional Corporation acted as legal advisor. {{community.total_homes}}, Friendly staff willing to help in any way. Altes Fahrwasser Harbor - Marinas.com A replay will be available following the call through October 13, 2020, and can be accessed toll-free by calling 844-512-2921 or by calling 412-317-6671. The amenities are first-rate! We use cookies to enhance your experience, measure the effectiveness of campaigns, and improve our website. {{item.title}}: Our Locations - Sun Communities We believe the Safe Harbor team will capitalize on growth opportunities using Suns advantageous cost of capital and our ability to facilitate transactions using our common stock and OP units as currency. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievements. Altes Fahrwasser Harbor, Cleverbruck, Schleswig-Holstein, Germany Marina. Please visit our privacy policy for further details. Riverside Club Golf & Marina Community - Sun Communities The neighbors are generous and kind. Resident at Frenchtown Villa/Elizabeth Woods (MI), "We love living here so far. Citigroup Global Markets, Inc. served as advisor to Sun Communities. {{people.phone_number}} Marina Industry Consolidation - Leisure Investment Properties Group Riverside Club Golf & Marina Community - Sun Communities Riverside Club Golf & Marina Community Active 55+ Community Ruskin, FLORIDA 888-317-1102 SEE ALL PHOTOS Active 55+ Resort Style Living in Ruskin, Florida! Safe Harbor Marinas is the largest owner and operator of marinas in the world. To participate, call toll-free 877-407-9039. I feel so much community here." Empire Petroleum Partners Announces Definitive Asset Purchase Agreement With Circle K Stores Inc. and CST Brands, Inc. Find marina reviews, phone number, boat and yacht docks, slips, and moorings for rent at Altes Fahrwasser. The company is a fully integrated real estate investment trust (REIT) listed on the New York Stock Exchange under the symbol: SUI. Crofton, Annapolis, Hyattsville and Takoma Park, Maryland, and all the communities in between. For the brightest, opportunities abound as we continue to expand. DALLAS, Sept. 29, 2020 We are pleased to announce that Safe Harbor Marinas has entered into a definitive merger agreement with Sun Communities, Inc. (NYSE: SUI) and one of its subsidiaries in a transaction for cash and SUI equity valued at $2.11 billion. Please call us at 'Sales Manager':'Sales Person'}}, {{people.full_name}}, Based in Dallas, Texas, the company is dedicated to providing exceptional service and memorable experiences to the global boating community. DALLAS, Sept. 29, 2020 /PRNewswire/ --We are pleased to announce that Safe Harbor Marinas has entered into a definitive merger agreement with Sun Communities, Inc. (NYSE: SUI) and one of its subsidiaries in a transaction for cash and SUI equity valued at $2.11 billion. Resident at Southern Palms (SC). Im very happy here." Sun has been listed on the New York Stock Exchange since 1993 under the symbol: SUI. {{people.phone_number}}, {{people.phone_number}} When typing in this field, a list of search results will appear and be automatically updated as you type.

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