In a filing with the U. S. Securities and Exchange Commission (SEC) dated July 30, 2014, Sun Communities, Inc. (SUI) is selling six million shares to help fund its acquisition of 59 manufactured home communities from Green Courte Partners LLC for $1.32 billion. The first phase of 34 communities is expected to close by Oct. 15, 2014, but no later than Dec. 31, 2014, according to google.com. The second phase of 25 communities will be finalized Jan. 5, 2015. As MHProNews reported July 31, 2014, nearly 14,000 of the homesites, 73 percent, are age-restricted communities. In today’s trading, shares of Sun closed down -0.80 percent at 51.40. ##

(Photo credit: Sun Communities, Inc.)