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Sun Communities Inc. Message Board

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  • dar200 dar200 Dec 11, 2011 2:49 PM Flag

    Naples report

    Thank you, broker. I suppose 70% occupied is ok in early december. Not great, but ok.

    If nobody else asks on the next CC and it is not otherwise disclosed, I will ask on the CC what the cap rate was on these purchases. I just know Shiffman would not do a deal which was not accretive.

    I really don't care if a place is high rent, medium rent or low rent as long as the numbers work at purchase. Once the land is owned, SUI can redevelop, over time, to whatever it wants.

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