Centerbridge to sell Carefree Communities to Sun Communities
Sun Communities Inc (NYSE: SUI) has agreed to buy Carefree Communities Inc, an owner and operator of senior manufactured housing communities and destination RV resorts concentrated in California, Florida, and Ontario. No financial terms were disclosed for the cash-and-stock deal, which is expected to close in July. The seller is U.S. private equity firm Centerbridge Partners. Scottsdale, Arizona-based Carefree acquired Port Colborne, Ontario's Sherkston Shores RV Resort in July 2013.
23 March 2016•3 mins read
