Sun Communities, Inc.’s $452 Million Public Offering of Common Stock


Paul Hastings represented BofA Merrill Lynch, Citigroup, BMO Capital Markets and RBC Capital Markets as joint book-running managers for Sun Communities, Inc.’s (NYSE: SUI) follow-on public offering of common stock.

Sun Communities, Inc., a real estate investment trust that owns and operates or has an interest in manufactured housing and recreational vehicle communities, sold a total of 3,737,500 shares of common stock (including the full exercise of the underwriters’ option to purchase additional shares) and raised gross proceeds of approximately $452 million.

Co-managers in the offering included Fifth Third Securities, J.P. Morgan, PNC Capital Markets LLC, BTIG, Baird, Regions Securities LLC and Ramirez & Co., Inc.

Paul Hastings represented BofA Merrill Lynch, Citigroup, BMO Capital Markets and RBC Capital Markets with a team including Yariv Katz (Picture), Felicia Yen and Shai Vander.

Involved fees earner: Yariv Katz – Paul Hastings; Shai Vander – Paul Hastings; Felicia Yen – Paul Hastings;

Law Firms: Paul Hastings;

Clients: Bank of America Merrill Lynch; BMO Capital Markets; Citigroup Inc.; RBC Capital Markets;