Press Release October 08, 2020

Sun Communities Completes $1.3 Billion Forward Stock Offering

The Derivatives team acted as special counsel to Sun Communities in connection with Sun’s forward sale agreement for the public offering of 9.2 million shares (including full exercise of the underwriters’ overallotment option) of its common stock. The net proceeds of the forward offering (assuming physical settlement of the forward sale agreements at the initial forward sale price) are expected to be approximately $1.3 billion.

Sun Communities Inc. (NYSE: SUI) is a real estate investment trust, or REIT, that owns and operates or has an interest in 426 manufactured housing and recreational vehicle communities located in 33 states throughout the United States and Ontario, Canada, as of June 30, 2020. Sun Communities' portfolio consists of over 142,000 developed sites.

The Goodwin team was led by John Servidio, Benjamin Drai and Evyn Rabinowitz.

For more information on Sun Communities' forward stock offering, please see the final prospectus supplement.