Sun Communities Buying Carefree Communities for $1.7 Billion

Sun Communities, Inc. (NYSE: SUI) said March 22 that it has agreed to acquire a portfolio of interests in more than 100 manufactured housing and RV communities for approximately $ 1.7 billion.

Established in 1975, Sun Communities owns and operates 233 manufactured housing and recreational vehicle (RV) communities located in 29 states throughout the United States.  Sun Communities’ portfolio consists of approximately 89,400 developed sites.