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Sun Acquires Kentland Communities for $142M

SOUTHFIELD, MI-Sun Communities Inc., a REIT that owns and operates manufactured housing and RV communities, has acquired 18 properties in western Michigan comprising 5,042 homes.

By Robert Carr | Updated on July 05, 2011

SOUTHFIELD, MI-Locally based Sun Communities Inc. has purchased most of the manufactured housing and recreational vehicle communities owned by entities controlled by Caledonia, MI-based Kentland Corp. for about $142.3 million. The 18 properties include one recreational vehicle property, and are all in western Michigan.

Sun is a real estate investment trust that owns and operates a portfolio of 155 communities comprising about 53,500 developed sites. This purchase adds more than 5,000 manufactured home sites and 281 recreational vehicle sites, including properties such as Holiday West Village in Holland, Sycamore Village in Mason, Apple Carr Village in Muskegon and Tamarac Village in Ludington.

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