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Sun Communities to Sell Marinas Business to Blackstone

Wall Street Journal · 2d

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.

Hosted on MSN · 2d

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.

Axios on MSN · 1d

Blackstone paying $5.6 billion to buy Safe Harbor Marinas

Private equity giant Blackstone has agreed to acquire Safe Harbor Marinas, a Dallas-based marina and superyacht servicing company, for $5.65 billion from Sun Communities. Why it matters: This is a reminder that the pandemic-era boating boom didn't sink.

Blackstone Buys 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 ...

1d

Safe Harbor Marinas, owner of multiple RI boatyards, sold to Blackstone private equity

Private equity giant Blackstone has acquired Safe Harbor Marinas, which bought up 14 Rhode Island marinas in just three years ...

Scuttlebutt Sailing News1d

Safe Harbor has been sold… again

It's hard to find a boating community without a Safe Harbor Marina. Since beginning operations September 2015, the ...

Blackstone Reaches $5.7B Deal To Buy Superyacht Marina Owner

Sun Communities REIT will sell Safe Harbor Marinas to Blackstone Infrastructure in a $5.7B all-cash transaction.

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