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Mobile Home REIT's $2 Billion Deal for Boat Marinas Sought to Diversify Revenue

Sun Communities Plans to Grow Safe Harbor Marinas' Portfolio

Marinas are an attractive investment because they produce a steady stream of cash from rentals, according to Sun Communities. (Creative Commons)
Marinas are an attractive investment because they produce a steady stream of cash from rentals, according to Sun Communities. (Creative Commons)

The purchase by Sun Communities Inc., a real estate investment trust that specializes in manufactured housing and RV communities, of one of the largest U.S. marina owners in a deal valued at more than $2.1 billion is aimed at providing another source of rental revenue that diversifies its business.

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