BofA Merrill Lynch, Citigroup, BMO Capital Markets, Baird and RBC Capital Markets Serve as Joint Book-Running Managers for Sun Communities Public Offering of Common Stock Undertaken to Supply Equity Financing for the Acquisition of Carefree Communities

March 30, 2016

NEW YORK— Paul Hastings LLP, a leading global law firm, announced today that the firm represented BofA Merrill Lynch, Citigroup, BMO Capital Markets, Baird 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, operates and develops manufactured housing and recreational vehicle communities, sold a total of 6,037,500 shares of common stock priced at $66.50 per share (including the full exercise of the underwriters’ option to purchase additional shares). The transaction raised gross proceeds of approximately $401 million. The company intends to use the net proceeds from the offering to fund a portion of the purchase price for its proposed $1.68 billion acquisition of Carefree Communities.

Co-managers in the offering included Fifth Third Securities, PNC Capital Markets LLC, Ramirez & Co., Inc., BTIG and Comerica Securities.

Securities & Capital Markets partner 

 led the Paul Hastings team, which also included associates  and .  The Paul Hastings team has also represented the joint book runners 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.._

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