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BofA Merrill Lynch, Citigroup, BMO Capital Markets and RBC Capital Markets Serve as Joint Book-Running Managers for Sun Communities, Inc.’s $452 Million Public Offering of Common Stock

May 31, 2019

New York -- Paul Hastings LLP, a leading global law firm, announced today that the firm 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.

Securities & Capital Markets partner Yariv Katz led the Paul Hastings team, which also included associates Felicia Yen and Shai Vander.  The Paul Hastings team has also represented the joint book-running managers in multiple prior public offerings for Sun Communities, Inc. 

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.