Sun Communities
Real estate investment trust From Wikipedia, the free encyclopedia
Sun Communities is a publicly traded real estate investment trust that invests in manufactured housing communities, recreational vehicle communities, and marinas. As of December 31, 2024, the company owned interests in 645 such properties in the United States, Canada, and the UK consisting of approximately 176,390 developed sites and over 48,760 wet slips and dry storage spaces.[2][3][4][5][6]
| |
| Company type | Public company |
|---|---|
| |
| Industry | Real estate investment trust |
| Founded | 1975 |
| Headquarters | Southfield, Michigan, U.S. |
Key people | |
| Revenue | US$3.1 billion (2023) |
| US$0.22 billion (2023) | |
| Total assets | US$17.4 billion (2023) |
| Total equity | US$6.7 billion (2021) |
Number of employees | 7,594 (2023) |
| Website | suncommunities |
| Footnotes / references [1] | |
Sun Communities is listed on the New York Stock Exchange under the symbol: SUI.[7]
Gary Shiffman is chairman and chief executive officer of Sun Communities, and has been a director since the company's inception in 1993.[8]
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.[9]
In March 1996, the company acquired 25 manufactured housing communities for $226 million.[10]
In 1996, Sun RV Resorts was established.[11]
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.[12][13][14]
In October 2019, the company acquired a portfolio of 31 manufactured housing communities for $343.6 million.[15]
In September 2020, the company acquired Safe Harbor Marinas for $2.11 billion.[16]
On Nov. 16, 2021, Sun RV Resorts Rebrands to Sun Outdoors.[17]
In April 2022, the company acquired Park Holidays UK for $1.3 billion.[18]
References
External links
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