Puerto Del Rey Joins Safe Harbor Marinas

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DALLAS, Sept. 2, 2021 /PRNewswire/ -- We are pleased to announce that Safe Harbor Marinas has acquired Puerto Del Rey, the largest marina in the Caribbean. The transaction closed on September 1, 2021.

"We are very excited to welcome Puerto Del Rey to Safe Harbor," said Jason Hogg, Chief Investment Officer of Safe Harbor Marinas. "The local team and the property are both truly exceptional."

Puerto Del Rey is a 140-acre facility located in Fajardo, Puerto Rico, a gateway to the Caribbean islands. The property currently has wet slips that can accommodate about 1,000 vessels and dry stack facilities that can accommodate another 750 vessels.

"This asset will be a wonderful destination for our boaters in the Atlantic," continued Hogg. "It comes about two weeks after our addition of Sunroad Marina to the Safe Harbor network in the Pacific. It is wonderful to be able to continue to expand our network for boaters on both coasts with world class destinations."

About Safe Harbor Marinas

Safe Harbor is the largest owner and operator of marinas in the world. Based in Dallas, Texas, the company is dedicated to providing exceptional service and memorable experiences to the global boating community.

For more visit SHMarinas.com

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Cautionary statement regarding forward-looking statements

This press release contains various "forward-looking statements" within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, and Sun Communities, Inc. and/or its affiliates ("Sun") intend that such forward-looking statements will be subject to the safe harbors created thereby. Forward-looking statements can be identified by words such as "will," "may," "could," "expect," "anticipate," "believes," "intends," "should," "plans," "estimates," "approximate," "guidance," and similar expressions in this press release that predict or indicate future events and trends and that do not report historical matters.

These forward-looking statements reflect Sun's current views with respect to future events and financial performance, but involve known and unknown risks, uncertainties, and other factors, some of which are beyond its control. These risks, uncertainties, and other factors may cause the actual results to be materially different from any future results expressed or implied by such forward-looking statements. Such risks and uncertainties include the effects of the COVID-19 pandemic and related stay-at-home orders, quarantine policies and restrictions on travel, trade and business operations; national, regional and local economic climates; difficulties in the ability to evaluate, finance, complete and integrate acquisitions, developments and expansions successfully; the ability to maintain rental rates and occupancy levels; competitive market forces; the performance of recent acquisitions; changes in market rates of interest; changes in foreign currency exchange rates; the ability of purchasers boats to obtain financing; and the level of repossessions by boat lenders. Further details of potential risks that may affect Sun are described in its periodic reports filed with the U.S. Securities and Exchange Commission, including in the "Risk Factors" sections of its Annual Report on Form 10-K for the year ended December 31, 2020.

SOURCE Safe Harbor Marinas

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