Sun Communities Inc. has retained BMO Capital Markets Corp. and Liquidnet Inc. to help sell up to $100 million in Sun common stock.
Based in Southfield, Mich., Sun Communities owns, operates and develops manufactured housing communities concentrated in the Midwestern, Southern and Southeastern United States. As of May 1, 2012, the company owned and operated a portfolio of 162 properties located in 18 states, including 141 manufactured housing communities, 11 RV communities and 10 properties containing both manufactured housing and RV sites.
These properties contained an aggregate of 55,920 developed sites comprised of 47,936 developed manufactured home sites, 4,055 permanent RV sites, 3,929 seasonal RV sites and approximately 6,500 additional manufactured home sites suitable for development.
Click here to read a copy of the Form 8-K filed with the Securities and Exchange Commission (SEC) in connection with this agreement.
Click here to read a copy of the prospectus.