| Type | Public |
|---|---|
| Traded as | NYSE: SUI |
| Industry | Real Estate Investment Trust |
| Headquarters | Southfield, MI, U.S. |
| Key people | Gary Shiffman (Chairman, CEO & President) John McLaren (Executive Vice President & COO) Karen Dearing (Executive Vice President, CFO, Treasurer & Secretary) |
| Revenue | US$ 270.15 million (June 2011) |
| Employees | 747 (2011) |
| Website | Suncommunities.com |
Sun Communities (NYSE: SUI) is a publicly traded real estate investment trust based in Southfield, MI. The company owns, operates and develops manufactured housing communities primarily in the midwestern, southern, and southeastern United States. There are currently 155 properties in its portfolio located in 18 states. The portfolio includes manufactured housing communities and recreational vehicle communities.[1]
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Sun Communities, Inc., together with its affiliates and predecessors, has been in the business of acquiring, operating, and expanding manufactured housing communities since 1975.
In 1993, the company went public as a REIT, offering 5.7 million common shares. At the time of the public offering, the company operated 31 manufactured housing communities with 9,036 sites located in 6 states. Continuing with its acquisition philosophy, Sun continued to acquire properties from both individual owners and companies.[2]
By 2011, Sun Communities owned and operated a portfolio of 136 communities comprising 47,600 developed sites.[3] In May 2011, Sun Communities acquired Orange City RV Resort in Orange City, FL. [4] A month later, Sun Communities announced it acquired 17 manufactured housing communities and 1 recreational vehicle community from Kentland Corporation. [5]
Crain's Detroit Business "Cool Places to Work" - 2011[6]
Manufactured Housing Institute “Community Operator of the Year Award” – 2002[7]
Manufactured Housing Institute “Community Operator of the Year Award” – 1997[1]