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SUN COMMUNITIES, INC. RECEIVES PROCEEDS OF OVERALLOTMENT OPTION

 FARMINGTON HILLS, Mich., Jan. 13 /PRNewswire/ -- Sun Communities, Inc. (NYSE: SUI) announced today that its underwriters exercised an option to acquire 631,250 shares of common stock at $20 per share to cover overallotments pursuant to the company's initial public offering on Dec. 8, 1993. The company intends to use the net proceeds of $11.7 million to finance future property acquisitions and for general corporate purposes.
 Sun Communities, Inc. owns and operates a portfolio of 31 manufactured housing communities comprising 9,036 developed sites concentrated in the Midwestern and Southwestern United States.
 -0- 1/13/94
 /CONTACT: Jeffrey P. Jorissen of Sun Communities, 810-932-3100/
 (SUI)


CO: Sun Communities, Inc. ST: Michigan IN: SU:

KE -- DE007 -- 1731 01/13/94 09:53 EST
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Publication:PR Newswire
Date:Jan 13, 1994
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