Real Estate News

Sun Communities, Inc. Reports 2022 Second Quarter Results

Southfield, MI, July 25, 2022 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE: SUI) (the "Company" or "SUI"), a real estate investment trust ("REIT") that owns and operates, or has an interest in, manufactured housing ("MH") communities, recreational vehicle ("RV") resorts and marinas (collectively, the "properties"), today reported its second quarter results for 2022.

Highwoods Enters Dallas Market

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Forms 50/50 Joint Ventures with Granite Properties for Trophy Developments in Two Dallas BBDs$660M Total Anticipated Investment (at 100%)

ProjectBBDOwn %SFPre-Leased %Estimated Completion DateEstimated Stabilization DateGranite Park SixFrisco/Plano50%422,00012%4Q20231Q202623SpringsUptown50%642,00017%1Q20251Q2028

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Plans to Exit Pittsburgh MarketDallas Market Entry Expected to be Funded Through Pittsburgh Asset Sales Over Next Few Years_________________________________________

RALEIGH, N.C.

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