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Tri-State

Michigan-based REIT snaps up $346.6M portfolio including Danbury senior community

Jensen's Lakeview community.
Jensen's Lakeview community.

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A Michigan-based real estate investment trust shelled out $346.6 million for a 31-property portfolio that includes Lakeview, a Danbury-based senior community, the Fairfield County Business Journal reported. Sun Communities Inc. bought the community from Jensen’s Inc., which is based in Southington. “This acquisition is a great opportunity to further grow our Manufactured Housing portfolio with high quality communities that match our investment criteria,” Sun Communities Chairman and CEO Gary Shiffman said in a statement. Jensen’s President Kris Jensen, meanwhile, said the company was “excited to be joining the Sun platform and to become Sun shareholders.” [FBJ]