Blackstone to acquire Safe Harbor Marinas from Sun Communities for $5.65 billion, stock surges 7%.

From StockTwits: 2025-02-24 13:58:13

Sun Communities announced that Blackstone Infrastructure will acquire Safe Harbor Marinas for $5.65 billion, causing Sun Communities stock to surge 7%. Safe Harbor, with 138 marinas in the U.S. and Puerto Rico, is owned by Sun Communities. The deal is expected to reduce Sun Communities’ debt and allow for reinvestment. Following the closure, North America MH and RV portfolio will account for 90% of net operating income. Sun Communities expects their net debt to EBITDA ratio to decrease significantly. Despite the news, retail sentiment on Stocktwits remains ‘bearish’ for both Sun Communities and Blackstone. Sun Communities’ stock has risen 10% in 2025, while Blackstone’s has fallen 8%.



Read more at StockTwits: Sun Communities’ Stock Surges After Blackstone Agrees To Acquire Its Safe Harbor Marinas Business: Retail’s Unconvinced Yet