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Sun Communities

From Wikipedia, the free encyclopedia
Real estate investment trust
Sun Communities, Inc.
Company typePublic company
IndustryReal estate investment trust
Founded1975; 50 years ago (1975)
HeadquartersSouthfield, Michigan, U.S.
Key people
RevenueIncreaseUS$3.1 billion (2023)
Increase US$0.22 billion (2023)
Total assetsIncrease US$17.4 billion (2023)
Total equityIncrease US$6.7 billion (2021)
Number of employees
7,594 (2023)
Websitesuncommunities.com
Footnotes / references
[1]

Sun Communities is a publicly tradedreal estate investment trust that invests in manufactured housing communities and recreational vehicle communities. As of June 2, 2025, the company owned interests in 500 such properties in theUnited States,Canada, and theUK..[2][3][4][5][6][7][8]

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

Gary Shiffman is chairman and chief executive officer of Sun Communities, and has been a director since the company's inception in 1993.[10]

Brands

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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

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The company dates to 1975.

In December 1993, the company became apublic company via aninitial 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 ofCenterbridge 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]


References

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  1. ^"Sun Communities, Inc. 2021 Form 10-K Annual Report".Sun Communities, Inc. as filed with the US Securities and Exchange Commission.
  2. ^"SUI Form 8-k".sec.gov. Retrieved2023-07-26.
  3. ^"EX-99.1 2 exhibit991".sec.gov. Retrieved2023-07-26.
  4. ^"FORM 8-K Date of Report: February 15, 2024".
  5. ^"EDGAR Filing Documents for 0000912593-24-000211".www.sec.gov. Retrieved2024-08-08.
  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 fromthe original on 2025-04-27. Retrieved2025-06-02.
  8. ^Inc, Sun Communities (2025-04-30)."Sun Communities, Inc. Completes Sale of Safe Harbor Marinas to Blackstone Infrastructure".GlobeNewswire News Room. Retrieved2025-06-02.{{cite web}}:|last= has generic name (help)
  9. ^"NYSE".www.nyse.com. Retrieved2023-05-24.
  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. Retrieved2020-10-01.
  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. Retrieved2022-04-10.

External links

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