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Last Updated: 2026
Sun Communities image

Sun Communities

Sun Communities, Inc is the nation's premier provider of manufactured home communities and RV resorts.

Rank#1542
Market Cap14.37B
CountryUnited States
CategoryFinancial and Banking, Industrial Manufacturing
Summary
History
Mission
Vision
References
Summaryarrow

Sun Communities, Inc. is a fully integrated real estate investment trust, which together with its affiliates and predecessors, has been in the business of acquiring, operating, developing and expanding manufactured home and RV communities since 1975. 

The nation's premier provider of manufactured home communities and RV resorts. Prime locations throughout the United States and Canada.

Historyarrow

1975: The predecessor to Sun Communities Inc was established.

1981: Shiffman retired from his medical practice to concentrate fully on his growing company.

1985: The firm was incorporated in order to pursue further growth options.

1986: The company could only own real estate, but the Tax Reform Act of 1986 laid the groundwork for change and enabled them to own, operate, and even finance income-producing real estate.

1993: Sun Communities goes public in the stock market as a REIT.

1994: In January, the company acquired Timberline Estates, a manufactured community with 296 sites located near Grand Rapids, Michigan. Sun has the best-performing stock among manufactured housing REITs.

1995: Sun had acquired two new communities in Florida as well as two in Austin, Texas, which was considered the fastest-growing area in the state in terms of population and job creation.

1998: Revenues continued to grow, reaching $120.6 million.

1999: In September, the company opened its 4th community in Austin, Texas.

2000: While Sun's growth slowed during this year, the company still recorded positive revenues of $134.4 million and a net income of $29.1 million. his year as wee, the company launches its "Residents First" program.

2015: In August, the company sold properties in Ohio and Michigan to UMH Properties for $34.5 million.

2019: In October, the company acquired a portfolio of 31 manufactured housing communities for $343.6 million.

Missionarrow

According to the company, their mission is: “To provide extraordinary environments and experiences for our team members, guests and residents.”

Visionarrow

According to the company, their vision is: “we are committed to the encouragement of personal growth and are pleased to offer opportunities for advancement to qualified individuals. Our formal training programs, on-the-job training activities, and customized development plans help support team members to accomplish their goals.”

Referencesarrow

https://en.wikipedia.org/wiki/Sun_Communities

https://www.zippia.com/sun-communities-careers-58834/

https://www.crunchbase.com/organization/sun-communities-inc

https://www.companieshistory.com/sun-life-financial/

https://sec.report/CIK/0001324424

https://companiesmarketcap.com/largest-companies-by-revenue/

https://finance.yahoo.com/quote/SUI/

https://www.globaldata.com/company-profile/sun-communities-inc/

https://www.linkedin.com/company/suncommunities

https://www.zoominfo.com/c/sun-communities-inc/101695711

 

Share

Leadership team
B
Brian M. Hermelin (Board Member)
B
Baxter R. Underwood (Chief Executive Officer of Safe Harbor)
Industries
Financial and Banking, Industrial Manufacturing
Products / Services
Home communities and RV resorts
Number of Employees
1,000 - 20,000
Address
Southfield, Michigan, United States
Established
1975-01-01
Company Type
Public Limited Company
Company Registration
SEC CIK number: 0000912593
Net Income
S_100M_500M
Revenue
$1B+
Traded as
SUI
Website
suncommunities.com
Social Media
linkedinfacebookinstagramx
Last Updated: 2026
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