REIT company: Sun Communities, Inc. (SUI)

Sun Communities, Inc. (NYSE: SUI) was founded in 1975 and is headquartered in Southfield, Michigan, USA, with 2727 full-time employees. It is a real estate investment trust (REIT) company that invests in Manufactured Housing and leisure Recreational Vehicle Communities is very similar to the Equity LifeStyle Properties introduced earlier .

Sun Communities

Sun Communities, Inc. (SUI):

Sun Communities is a fully integrated real estate investment trust that has been committed to acquiring, operating, developing and expanding communities for manufacturing houses and RVs since 1975.

As the nation’s premier owner and operator, Sun Communities prides itself on its commitment to residents and guests, bringing them outstanding facilities, value and customer service with a consistent experience.

Whether you are buying a house, renting a house, looking for a current manufacturing house, or looking for the most ideal RV resort nationwide, Sun Communities’ professional team is ready to meet your needs.

Sun Communities’ reliable position in the market, prime locations in the United States and Canada, and the company’s excellent organizational management make Sun Communities the best choice for an active life.

As of June 30, 2018, Sun Communities operated or owned a portfolio of 367 communities, including 31 states in the United States and Ontario, Canada, totaling approximately 126,000 locations.

Sun Communities, Inc. (SUI) History:

  • In 1975, Sun Communities was founded.
  • In December 1993, Sun Communities IPO.
  • In March 1996, Sun Communities acquired 25 manufacturing housing communities for $226 million.
  • In August 1996, the company acquired Chateau Properties Inc. for US$370 million in stock.
  • In September 1997, the company acquired nine manufacturing housing communities for $93 million.
  • In September 1999, Sun Communities opened its fourth community in Austin, Texas.
  • In September 2012, Sun Communities acquired a 756-unit mobile home park in Michigan for US$32.2 million.
  • In April 2013, it acquired Yogi Bear’s Jellystone Park in Wyoming County, New York.
  • In August 2015, Sun Communities sold properties in Ohio and Michigan to UMH Properties for $34.5 million.
  • In June 2016, Sun Communities acquired 103 communities from a subsidiary of Centerbridge Partners for $1.7 billion, mainly in California, Florida and Ontario, Canada.
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