Sun Communities

What Sun Communities does

Sun Communities, Inc. (NYSE: SUI) is a publicly traded Real Estate Investment Trust founded in 1975 and headquartered in Southfield, Michigan. The company owns and operates approximately 513 manufactured housing communities and RV resorts across the United States and Canada, comprising roughly 178,650 developed sites spanning 24+ states. It operates through two principal brands, Sun Communities (manufactured housing communities split between all-age and 55+ active adult segments) and Sun Outdoors (RV resorts and campgrounds). Primary revenue streams include recurring site rental income from manufactured home communities, RV resort and campground fees, manufactured home sales (priced $7,000-$675,010), home rental income ($970-$3,610/month), and ancillary services delivered through Bright Insurance Agency (homeowners insurance, warranty, and service plans) and third-party financing partners. The company also pursues ground-up community development and selective acquisitions to expand its footprint.

The go-to-market model is direct-to-consumer, with the company's website (suncommunities.com) functioning as the primary discovery and lead generation platform. The site incorporates an AI-powered natural language home search tool, an AI chatbot for prospect assistance, and a customer portal for existing residents. Physical sales offices at community locations complement digital channels, and a referral program (ReferSun) drives lower-funnel conversions. Distribution partnerships include Hipcamp for RV resort bookings (100 properties listed) and Bright Insurance Agency for ancillary insurance products. The company is led by CEO Charles D. Young (appointed October 2025) with founder Gary A. Shiffman serving as Non-Executive Chairman.

Following the 2025 sale of Safe Harbor Marinas to Blackstone Infrastructure for $5.65 billion and the pending sale of UK subsidiary Park Holidays to Aermont Capital for approximately $1.03 billion (expected to close H2 2026), Sun Communities is repositioning as a near-pure-play North American manufactured housing and RV platform with approximately 95% of NOI derived from North American assets. Q1 2026 revenue reached $507.9 million with same-property NOI growth of 6.3% year-over-year and adjusted blended occupancy of 98.7%. Full-year 2026 Core FFO guidance is $6.87-$7.07 per share, with a BBB+ (S&P) and Baa2 (Moody's) credit rating.

Name

Sun Communities

Legal name

Sun Communities, Inc.

Website

https://suncommunities.com

Company type

Public

Founded year

1975

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Sun Communities is a publicly traded REIT that owns and operates approximately 513 manufactured housing communities and RV resorts across 24+ US states, serving individual residents seeking affordable home ownership, 55+ active adult lifestyles, and recreational vehicle vacation accommodations.

Ownership category

akta.pro rank

Product category

Manufactured Housing Communities & RV Resorts

NAICS

RV (Recreational Vehicle) Parks and Recreational Camps (72121), Traveler Accommodation (7211)

SIC

Real Estate Investment Trusts (6798), Hotels, Rooming Houses, Camps & Other Lodging Places (7000)

akta.pro primary industry

Family & Group-Friendly Rentals (Large Homes, Multi-Unit Compounds) (THAGANAI)

Keywords

• Manufactured housing communities
• RV resorts
• Mobile home rentals
• Recreational vehicle resorts
• Manufactured home sales

Headquarters

HQ city

Southfield

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Others

Revenue model

1. Manufactured Housing Site Rental: Recurring rental income from manufactured home sites where residents lease land in company-owned communities. This is the primary revenue driver, providing stable, predictable cash flows with residents averaging only 0.4% annual move-out rates.
2. RV Resort and Campground Fees: Seasonal and transient revenue from RV resorts and campground accommodations, including nightly, weekly, and seasonal rental income from recreational vehicle sites.
3. Home Sales: Revenue from selling manufactured homes to residents within company communities. Homes are sold with site rent as additional ongoing cost. The company offers financing assistance through third-party lenders.
4. Partnership Revenue (Hipcamp): Revenue from listing RV resorts on third-party booking platforms like Hipcamp, expanding distribution for vacation rental properties.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Sun Communities, Inc. is a publicly traded Real Estate Investment Trust (REIT) that owns and operates approximately 513 manufactured housing communities and RV resorts with about 178,650 developed sites across the United States and Canada. The company sells and rents manufactured homes within its communities, operates Sun Outdoors RV resorts and campgrounds, and supports residents through affiliated insurance and third-party financing services.

Product overview

Sun Communities, Inc. is a Real Estate Investment Trust (REIT) that operates as a unified platform of manufactured housing communities and recreational vehicle resorts across the United States, Canada, and the United Kingdom. The company operates under the Sun Communities and Sun Outdoors brands, offering a comprehensive portfolio of properties including All-Age Communities, 55+ Active Adult Communities, and RV Resorts. The product portfolio consists of manufactured homes available for sale (new and pre-owned) and rent (with 12-month lease programs), supported by financing services through third-party lender partnerships and insurance coverage through Bright Insurance Agency. The company manages approximately 513 properties with approximately 178,650 developed sites across North America, with strategic expansion through ground-up community developments. Following the pending sale of UK assets to Aermont Capital, Sun Communities is transitioning to a near-pure-play North American manufactured housing and RV platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Manufactured Homes for Sale New and pre-owned manufactured homes for sale across all-age and 55+ Sun Communities nationwide. Homes feature open floor plans, modern designs, quality materials, and are available in 1-5 bedroom configurations with prices ranging from approximately $7,000 to $675,010 across the portfolio's 1,433 listed homes.
• Manufactured Homes for Rent Manufactured homes available for rent across Sun Communities with 12-month lease programs. Rental homes range from 900 to 1,650 square feet, offering up to 4 bedrooms and 2 bathrooms, with monthly rents from approximately $970 to $3,610 across 251 available units. Includes rent-to-own pathway.
• All-Age Manufactured Home Communities All-age manufactured home communities offering neighborhoods and amenities for families, including basketball and pickleball courts, playgrounds, community centers, outdoor pools, and dog parks. These communities cater to families and individuals of all ages seeking affordable homeownership in planned settings.
• 55+ Active Adult Communities Age-restricted 55+ communities featuring manufactured homes with amenities and activities including tennis, golf, dining, and social events. Located across the United States in popular retirement destinations.
• Sun Outdoors RV Resorts and Campgrounds Recreational vehicle (RV) resorts and campgrounds operated under the Sun Outdoors brand across the United States, offering transient and seasonal RV sites with upscale amenities. RV resort properties are listed on partner platforms such as Hipcamp for booking.
• Bright Insurance Agency Sun Communities' affiliated insurance company providing manufactured home insurance, warranty, and service plan coverage to residents within Sun communities. Bright Insurance Agency has been providing broad coverage to thousands of residents for over 20 years.
• Ground-Up Community Developments Development of new manufactured housing communities by Sun Communities in popular U.S. cities, focusing on both first-time homebuyers and those seeking retirement destinations. The program expands the company's owned portfolio with newly built properties.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• HipcampcoreChannel Partner/ Reseller/ Distributor · 3 November 2025Hipcamp announced a strategic partnership with Sun Outdoors to list 100 of Sun Outdoors' RV resorts and campgrounds on the Hipcamp app, expanding access to upscale camping experiences across the U.S. The collaboration aims to meet increasing demand for well-equipped camping options amid a surge in outdoor activity, with Hipcamp now offering the largest catalog of campgrounds.

Scale indicators12 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Equity LifeStyle Properties: Equity LifeStyle Properties (NYSE: ELS) is the largest publicly traded manufactured housing and RV REIT, operating MH communities and RV resorts across the US - the closest direct comparable to Sun Communities in both asset class and operating model.
• UMH Properties: UMH Properties (NYSE: UMH) is a manufactured housing REIT owning and operating manufactured home communities across the US, with a smaller, more geographically concentrated MH-only portfolio relative to Sun Communities.
• Flagship Communities Real Estate Investment Trust: Flagship Communities REIT (TSX: MHC.UN) is a manufactured housing community owner-operator focused on the US Midwest and Southeast, directly comparable to Sun's all-age MH communities segment.
• RVC Outdoor Destinations: RVC Outdoor Destinations is a private owner-operator of RV resorts and outdoor hospitality properties in the US, directly comparable to Sun Communities' Sun Outdoors RV resort portfolio.

Others

• Essential Properties Realty Trust: Essential Properties Realty Trust (NYSE: EPRT) is a net-lease REIT focused on middle-market tenants; comparable as a fellow public REIT and is the source of Sun Communities' newly appointed CFO Mark Patten.
• Invitation Homes: Invitation Homes (NYSE: INVH) is a large single-family rental REIT; tangentially comparable as a US residential landlord using scale, recurring rent, and tech-enabled operations - similar playbook to Sun's MH site-rent model.

Broad incumbents

• Bluegreen Vacations: Bluegreen Vacations (now part of Hilton Grand Vacations) is a vacation ownership and resort operator offering RV/cabin-style resort experiences; broader incumbent overlap with Sun Outdoors' short-term vacation rental business.
• Blackstone Real Estate Income Trust: Blackstone Real Estate Income Trust is the largest non-traded REIT, with broad US real estate exposure including manufactured housing-adjacent assets; Sun's Safe Harbor Marinas counterparty and a meaningful industry consolidator.
• Marriott Vacations Worldwide: Marriott Vacations Worldwide (NYSE: VAC) is a large timeshare and vacation ownership operator with resort-style amenitized properties, broadly comparable to Sun Communities' resort-amenitized MH and RV communities at a much larger scale.

Emerging players

• Havenpark Communities: Havenpark Communities is a private, fast-growing owner and operator of manufactured home communities in the US, an emerging competitor pursuing similar value-add MH community strategies as Sun Communities.

Market position

Strengths5 records

Weaknesses1 record

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCz_HPo-MLy38dI5adZMPyBA
• Facebookfacebook.com/SunCommunitiesInc
• Instagraminstagram.com/suncommunities
• Xx.com/suncommunities

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sun Communities