Sun Communities Buys Orange City RV Resort
Sun Communities, Inc., a Southfield, Mich.-based real estate investment trust (REIT) that owns and operates manufactured housing and recreational vehicle communities in 18 states, announced Wednesday (June 1) that on May 27, 2011, it acquired the Orange City RV Resort in Orange City, Florida, from NHC-FL7 L.P.
The purchase price was $6.47M, paid in cash.
Orange City RV Resort contains 517 developed recreational vehicle sites and is located 25 miles from Daytona area beaches and 35 miles from Disney World and other Orlando area attractions.
Prior to the announced acquisition, Sun Communities listed a portfolio of 136 communities comprising approximately 47,600 developed sites that the company owned and operated.