SEC Filings

8-K
SUN COMMUNITIES INC filed this Form 8-K on 06/03/2019
Entire Document
 
 
EXPANSIONS PROVIDE STRONG GROWTH AND ATTRACTIVE RETURNS . 67 sites were delivered at 3 communities during the first quarter of 2019 . Expect to deliver 1,200 – 1,400 expansion sites by the end of 2019 . ~6,600 expansion sites available for development post-2019 . A 100-site expansion at a $35,000-$40,000 cost per site with expected lease up between 12-24 months, results in a 5-year unlevered IRR of 12% - 14% . Expansion in communities with high occupancies and continued strong demand BOULDER RIDGE – PFLUGERVILLE, TX RIVER RANCH – AUSTIN, TX Source: Company information. Refer to Sun Communities, Inc. Form 10-Q and Supplemental for the quarter ended March 31, 2019 as well as Press Releases after March 31, 2019 for additional information. Refer to information regarding non-GAAP financial measures in the attached Appendix.