Sun Communities (NYSE:SUI) (NYSE:SUI) is a publicly traded real estate investment trust focused on the ownership, operation and development of manufactured housing and recreational vehicle communities. The company acquires, develops and manages residential communities that offer both long-term home sites for manufactured housing and short-term vacation and seasonal sites for recreational vehicles. In addition to land leases, Sun Communities provides a full range of property management services designed to enhance resident experience and optimize asset performance.
Sun’s core business activities include site development, infrastructure maintenance, tenant relations and community amenities. Developed communities feature paved roads, utility hookups, clubhouse facilities, swimming pools and recreational areas. In its RV resort segment, the company offers daily, weekly and monthly stays, catering to travelers and seasonal residents with services such as laundry, Wi-Fi, convenience stores and on-site recreational programs. The company also oversees capital improvement projects that often include utility upgrades, road resurfacing and the addition of modern amenities.
With a portfolio spanning more than 500 communities across 35 U.S. states and the province of Ontario in Canada, Sun Communities serves a diverse mix of urban, suburban and resort markets. Its geographic footprint extends from coastal locations in California, Florida and the Northeast to inland regions in the Midwest and Mountain West. By emphasizing both residential and leisure-oriented properties, Sun balances stable, long-term occupancy rates with seasonal demand trends.
Founded in 1975 and headquartered in Southfield, Michigan, Sun Communities completed its initial public offering in the early 1990s and converted to a REIT structure in 2004. Under the leadership of Chairman and CEO Gary A. Shiffman and President and COO Craig Y. Hatkoff, the company has pursued disciplined growth through strategic acquisitions and ground-up development. Sun Communities is committed to sustainable operations, community engagement and delivering consistent living experiences to its residents and guests.
