{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-032906","form_type":"8-K","ticker":"SUI","cik":"0000912593","company_name":"SUN COMMUNITIES INC","filed_at":"2025-02-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.771264+00:00","generated_at":"2026-05-26T06:41:59.922254+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"confidence":"high","headline":"Sun Communities sells Safe Harbor Marinas to Blackstone for $5.65B, refocuses on MH/RV","bullets":["All-cash purchase price of $5.65B, subject to post-closing adjustments; initial close expected Q2 2025.","Pre-tax proceeds ~$5.5B to be used for debt reduction, dividends, and reinvestment in core MH/RV business.","Net debt to pro forma EBITDA expected to drop from ~6.0x to 2.5–3.0x; estimated book gain ~$1.3B.","Post-transaction, MH/RV portfolio expected to generate ~90% of NOI, positioning Sun as pure-play REIT.","Certain properties (~10% of consideration) may transfer later subject to third-party consents."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-032906","json":"https://secwatch.observer/filing/0001193125-25-032906.json","markdown":"https://secwatch.observer/filing/0001193125-25-032906.md","text":"https://secwatch.observer/filing/0001193125-25-032906.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/912593/000119312525032906/0001193125-25-032906-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/912593/000119312525032906/d919977d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T06:41:59.922254+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}