Sun Communities

Last updated
Sun Communities, Inc.
Company type Public company
Industry Real estate investment trust
Founded1975;51 years ago (1975)
Headquarters Southfield, Michigan, U.S.
Key people
  • Gary A. Shiffman, Chairman
  • Charles D. Young, CEO
  • John B. McLaren, President
  • Bruce D. Thelen, COO
  • Fernando Castro-Caratini, CFO
  • Marc Farrugia, CAO
  • Aaron Weiss, EVP
RevenueIncrease2.svg US$3.23 billion (2025)
Increase2.svg US$1.2 billion (2025)
Total assets Decrease2.svg US$12.8 billion (2025)
Number of employees
6,590 (2025)
Website suninc.com
Footnotes /references
[1]

Sun Communities is a publicly traded real estate investment trust that invests in manufactured housing communities and recreational vehicle communities. As of December 31, 2025, the company owned interests in 513 such properties in the United States, Canada, and the UK. [2] [3] [4] [5] [6] [7] [8]

Contents

Sun Communities is listed on the New York Stock Exchange under the symbol: SUI. [9]

Gary Shiffman is chairman of Sun Communities, and has been a director since the company went public in 1993. [10] Charles D. Young serves as the company's current Chief Executive Officer.

Brands

Sun Outdoors (formerly known as Sun RV Resorts) is the RV resort division of Sun Communities, Inc. and was established in 1996. It is the owner and operator of more than 170 resorts and campgrounds across the United States and Canada.

History

The company dates to 1975.

In December 1993, the company became a public company via an initial public offering. [11]

In March 1996, the company acquired 25 manufactured housing communities for $226 million. [12]

In 1996, Sun RV Resorts was established. [13]

In June 2016, the company acquired a portfolio of 103-communities mostly located in California, Florida, and Ontario, Canada for $1.7 billion from an affiliate of Centerbridge Partners. [14] [15] [16]

In October 2019, the company acquired a portfolio of 31 manufactured housing communities for $343.6 million. [17]

In September 2020, the company acquired Safe Harbor Marinas for $2.11 billion. [18]

On Nov. 16, 2021, Sun RV Resorts Rebrands to Sun Outdoors. [19]

In April 2022, the company acquired Park Holidays UK for $1.3 billion. [20]

In October 2025, Charles D. Young succeeded Gary A. Shiffman as Chief Executive Officer. Mr. Shiffman continues to serve as Chairman of the Board. [21]


References

  1. ↑ "Sun Communities, Inc. 2025 Form 10-Q Q32025 Report". Sun Communities, Inc. as filed with the US Securities and Exchange Commission.
  2. ↑ "SUI Form 8-k". sec.gov. Retrieved 2023-07-26.
  3. ↑ "EX-99.1 2 exhibit991". sec.gov. Retrieved 2023-07-26.
  4. ↑ "FORM 8-K Date of Report: February 15, 2024".
  5. ↑ "EDGAR Filing Documents for 0000912593-24-000211". www.sec.gov. Retrieved 2024-08-08.
  6. ↑ https://suncommunities.gcs-web.com/static-files/26434d8b-c012-4dfa-a845-4382f252ba98
  7. ↑ "The History of Our Real Estate Investment Trust (REIT) | Sun". www.suninc.com. Archived from the original on 2025-04-27. Retrieved 2025-06-02.
  8. ↑ Inc, Sun Communities (2025-04-30). "Sun Communities, Inc. Completes Sale of Safe Harbor Marinas to Blackstone Infrastructure". GlobeNewswire News Room. Retrieved 2025-06-02.{{cite web}}: |last= has generic name (help)
  9. ↑ "NYSE". www.nyse.com. Retrieved 2023-05-24.
  10. ↑ "Archives". U.S. Securities and Exchange Commission. July 23, 1996.
  11. ↑ "Equity Issues This Week" . The New York Times . November 29, 1993.
  12. ↑ "SUN COMMUNITIES TO BUY MANUFACTURED HOUSING GROUPS". The New York Times . Dow Jones & Company. March 21, 1996.
  13. ↑ "RV RESORT LEADER SUN COMMUNITIES EYEING GROWTH". RV Business . October 18, 2019.
  14. ↑ "SUN COMMUNITIES, INC. CLOSES ACQUISITION OF CAREFREE COMMUNITIES FOR $1.68 BILLION" (Press release). GlobeNewswire. June 9, 2016.
  15. ↑ "Carefree Communities Inc. To Be Acquired By Sun Communities, Inc" (Press release). PR Newswire. March 22, 2016.
  16. ↑ Beckerman, Josh (March 22, 2016). "Sun Communities Reaches $1.68 Billion Deal for Fellow REIT Carefree" . The Wall Street Journal .
  17. ↑ "Sun Communities, Inc. Closes Acquisition of Jensen Portfolio" (Press release). GlobeNewswire. October 30, 2019.
  18. ↑ "Sun Communities Acquires Safe Harbor Marinas in $2.1B Deal". 2020-09-30. Retrieved 2020-10-01.
  19. ↑ "Sun RV Resorts Rebrand to Sun Outdoors, Redefining the Outdoor Travel Experience". Cision PR Newswire . November 16, 2021.
  20. ↑ "Sun Communities, Inc. Closes Acquisition of Park Holidays UK". 2022-04-08. Retrieved 2022-04-10.
  21. ↑ "Officers & Directors - Sun Communities". www.suninc.com. Archived from the original on 2026-01-07. Retrieved 2026-01-19.
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