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Real Estate Acquisitions (Tables)
 3 Months Ended 12 Months Ended
Mar. 31, 2020
Dec. 31, 2019
Business Combinations [Abstract]    
Schedule of Business Acquisitions, by Acquisition 2019 we acquired the following communities:
Community Name
 
Type
 
Sites
 
Development Sites
 
State
 
Month Acquired
Slickrock Campground
 
RV
 
193

 
—

 
UT
 
December
Pandion Ridge
 
RV
 
142

 
351

 
AL
 
November
Jensen Portfolio (1)
 
MH
 
5,230

 
466

 
Various
 
October
Glen Ellis
 
RV
 
244

 
40

 
NH
 
September
Leisure Point Resort (2)
 
MH / RV
 
502

 
—

 
DE
 
September
Reunion Lake
 
RV
 
202

 
69

 
LA
 
July
River Plantation
 
RV
 
309

 
—

 
TN
 
May
Massey’s Landing RV
 
RV
 
291

 
—

 
DE
 
February
Shelby Properties (3)
 
MH
 
1,308

 
—

 
MI
 
February
Buena Vista
 
MH
 
400

 
—

 
AZ
 
February
Country Village Estates (4)
 
MH
 
518

 
—

 
OR
 
January
Hid’n Pines RV
 
RV
 
321

 
—

 
ME
 
January
Hacienda del Rio
 
MH (Age-Restricted)
 
730

 
—

 
FL
 
January
 
 
Total
 
10,390

 
926

 
 
 
 

(1) Contains 31 communities located in CT, GA, MD, NH, NJ, NY, NC and SC. In conjunction with the acquisition, we issued 1,972,876 shares of common stock, net of fractional shares paid in cash.
(2) Contains 201 MH sites and 301 RV sites.
(3) Contains two MH communities.
(4) In conjunction with the acquisition, we issued Series D Preferred Operating Partnership (“OP”) Units. As of December 31, 2019, 488,958 Series D Preferred OP Units were outstanding.

March 31, 2020, we acquired the following communities:
Community Name
 
Type
 
Sites
 
Development Sites
 
State
 
Month Acquired
Cape Cod (1)
 
RV
 
230

 
—

 
MA
 
January
Jellystone Natural Bridge
 
RV
 
299

 
—

 
VA
 
February
 
 
Total
 
529

 
—

 
 
 
 
  
Schedule of Purchase Price Allocation
 
At Acquisition Date
 
Consideration
 
Investment in property
 
In-place leases and other intangible assets
 
Other assets (liabilities), net
 
Total identifiable assets acquired net of liabilities assumed
 
Cash and escrow
 
Temporary and permanent equity
 
Total consideration
Cape Cod
$
13,350

 
$
150

 
$
(295
)
 
$
13,205

 
$
4,205

 
$
9,000

 
$
13,205

Jellystone Natural Bridge
11,364

 
80

 
(391
)
 
11,053

 
11,053

 
—

 
11,053

Total
$
24,714

 
$
230

 
$
(686
)
 
$
24,258

 
$
15,258

 
$
9,000

 
$
24,258
The following table summarizes the amounts of assets acquired net of liabilities assumed at the acquisition date and the consideration paid for the acquisitions completed in 2019 (in thousands):
 
At Acquisition Date
 
Consideration
 
Investment in property
 
Inventory of manufactured homes
 
In-place leases and other intangible assets
 
Other assets (liabilities), net
 
Total identifiable assets acquired net of liabilities assumed
 
Cash and escrow
 
Debt assumed
 
Temporary and permanent equity
 
Total consideration
Slickrock Campground
$
8,250

 
$
—

 
$
—

 
$
8

 
$
8,258

 
$
8,258

 
$
—

 
$
—

 
$
8,258

Pandion Ridge
19,070

 
—

 
—

 
(92
)
 
18,978

 
18,978

 
—

 
—

 
18,978

Jensen Portfolio
374,402

 
3,605

 
7,752

 
3,938

 
389,697

 
18,306

 
58,000

 
313,391

 
389,697

Glen Ellis
5,955

 
—

 
—

 
(79
)
 
5,876

 
1,976

 
3,900

 
—

 
5,876

Leisure Point Resort
43,632

 
18

 
850

 
(678
)
 
43,822

 
43,822

 
—

 
—

 
43,822

Reunion Lake
23,493

 
—

 
—

 
(1,153
)
 
22,340

 
22,340

 
—

 
—

 
22,340

River Plantation
22,589

 
75

 
—

 
—

 
22,664

 
22,664

 
—

 
—

 
22,664

Massey's Landing
36,250

 
—

 
220

 
(446
)
 
36,024

 
36,024

 
—

 
—

 
36,024

Shelby Properties
85,969

 
2,011

 
6,520

 
(1,015
)
 
93,485

 
93,485

 
—

 
—

 
93,485

Buena Vista
20,221

 
439

 
1,590

 
(93
)
 
22,157

 
22,157

 
—

 
—

 
22,157

Country Village
62,784

 
—

 
2,020

 
31

 
64,835

 
12,905

 
—

 
51,930

 
64,835

Hid'n Pines
10,680

 
—

 
70

 
(233
)
 
10,517

 
10,517

 
—

 
—

 
10,517

Hacienda del Rio
111,971

 
15

 
3,280

 
(237
)
 
115,029

 
115,029

 
—

 
—

 
115,029

Total
$
825,266

 
$
6,163

 
$
22,302

 
$
(49
)
 
$
853,682

 
$
426,461

 
$
61,900

 
$
365,321

 
$
853,682
Business Acquisition, Pro Forma Information
The total amount of revenues and net income included in the Consolidated Statements of Operations for the three months ended March 31, 2020 related to the acquisitions completed in 2020 are set forth in the following table (in thousands):
 
 
Three Months Ended
 
 
March 31, 2020
Total revenues
 
$
92

Net loss
 
$
(106
)

The information presented below has been prepared for comparative purposes only and does not purport to be indicative of either future results of operations or the results of operations that would have actually occurred had the acquisition been consummated on January 1, 2019 (in thousands, except per-share data):
 
 
Three Months Ended
 
 
March 31, 2020
 
March 31, 2019
Total revenues
 
$
310,711

 
$
288,136

Net income / (loss) attributable to Sun Communities, Inc. common stockholders
 
$
(14,776
)
 
$
40,078

Net income / (loss) per share attributable to Sun Communities, Inc. common stockholders - basic
 
$
(0.16
)
 
$
0.47

Net income / (loss) per share attributable to Sun Communities, Inc. common stockholders - diluted
 
$
(0.16
)
 
$
0.47