Sun Communities $1.68 billion acquisition of Carefree Communities

Overview:

• Real estate investment trust (REIT) Sun Communities has completed its $1.68 billion acquisition of Carefree Communities.
• Carefree operates senior housing communities and RV resorts. 
• The seller was private equity fund Centerbridge Capital Partners II.
• Citigroup acted as financial adviser for Sun and Goldman Sachs acted for Carefree. 
• The deal was first announced in March 2016. 

Kurt Stumpo - Journalist