SunPark Communities

What SunPark Communities does

SunPark Communities is the manufactured housing community (MHC) division of Firm Capital Properties, operating a portfolio of manufactured-home rental communities across Canada with a 25-plus-year operating history. Its core product is the ownership and operation of land-lease communities where residents own their manufactured homes and pay SunPark monthly lot rent plus ancillary fees (parking, storage, utilities), serving a demographic that values affordable, owner-occupied housing in supply-constrained markets. The platform consists of seven wholly-owned Ontario and Alberta communities plus a 50/50 joint venture with Firm Capital Property Trust that is in the process of acquiring 11 additional properties totaling 2,572 sites for $226.5 million, on top of a prior $218 million, 1,649-site JV tranche and an $8.5 million Didsbury acquisition. SunPark generates revenue through lot rent, ancillary fees, and embedded mortgage origination via affiliated FCC Mortgages' Enterprise Solutions division, and the operating model is characterized by low tenant turnover (driven by high manufactured-home relocation costs), institutional co-investment structures, and an expanding Western Canadian footprint.

Name

SunPark Communities

Legal name

SunPark Communities

Website

https://sunparkcommunities.com

Company type

Private

Founded year

1998

Operating status

Operating

Short description

SunPark Communities is the manufactured housing division of Firm Capital Properties, owning and operating land-lease manufactured home communities across Canada (Ontario, Alberta, Saskatchewan) and originating resident mortgages through affiliated FCC Mortgages.

Ownership category

akta.pro rank

Product category

Manufactured Housing Communities

SIC

Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Manufactured Housing / Mobile Home Park Management (BPAJAFAG)

Keywords

• Manufactured home communities
• Land lease housing
• Affordable homeownership
• Mobile home park operations
• Community property management

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices8 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. MHC Property Ownership and Management: SunPark Communities generates revenue through owning and operating manufactured home communities across Canada, collecting lot rent and fees from homeowners. The company has over 25 years of experience managing these communities.
2. Mortgage Lending: Through FCC Mortgages, SunPark offers loans for manufactured home purchases, renovations, improvements, and park mortgages. This includes first and second mortgages, improvement loans, and joint venture programs for park owners.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels2 records

Core offering

SunPark Communities owns and operates manufactured home communities across Canada, providing residents with affordable, professionally managed housing on leased land sites with recreational amenities. The company also offers mortgage financing for manufactured home purchases and park acquisitions through its affiliated entity, FCC Mortgages.

Product overview

SunPark Communities is the manufactured housing division of Firm Capital Properties, operating manufactured home communities across Canada for over 25 years. The core product is a portfolio of manufactured home communities (seven Ontario communities: Bath Road Estates, Beaver Ridge Estates, Hidden Creek Residences, Hidden Valley Estates, Parkhill Estates, Skyview Estates, and one Alberta community: Mountview Residences) offering professionally managed, affordable housing with recreational amenities. Supporting the community operations, SunPark offers complementary financial services through FCC Mortgages including home financing, park mortgaging, and park purchases/acquisitions. The company has a joint venture with Firm Capital Property Trust for growth and expansion.

Differentiator

Problem solved

Functional benefit

Brands

• FCC Mortgages: Affiliated mortgage entity providing financing for manufactured homes and manufactured home communities, regulated under the Ontario Mortgage Brokerage, Lenders and Administrators Act

Products and services

• Manufactured Home Community Operations

Quantifiable outcome

• One of the largest MHC owners in Canada with 2,572 sites
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Firm Capital Property TrustcoreStrategic or Co-development Partner · 21 July 2026SunPark Communities operates as the manufactured housing division of Firm Capital Properties through a joint venture with Firm Capital Property Trust. The 50/50 joint venture owns and operates manufactured home communities across Canada, with SunPark managing day-to-day operations. The partnership recently closed a $218 million acquisition for 50% interests in 10 MHC properties totaling 1,649 sites in Alberta and Saskatchewan, making the joint venture one of the largest MHC owners in Canada with 2,572 total sites.
• FCC Mortgages (Firm Capital Corporation)coreStrategic or Co-development PartnerFCC Mortgages is an affiliated entity that provides mortgage origination and administration exclusively for SunPark Communities. Licensed under the Ontario Mortgage Brokerage, Lenders and Administrators Act (License #10164 and Administrators License #11442), FCC offers home financing for manufactured home purchases and renovations, as well as park mortgaging and acquisition programs.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Flagship Communities Real Estate Investment Trust: Flagship Communities REIT is a publicly traded REIT that owns and operates manufactured housing communities, primarily in the US Midwest and Southeast. It is a direct peer because it shares SunPark's core business model of owning and operating MHC lots for recurring rental income, providing a public-market comparable for valuation.
• UMH Properties: UMH Properties is a publicly traded REIT specializing in manufactured housing communities in the US Northeast and Midwest. It is comparable to SunPark because it owns and operates MHCs for rental income, with a similar focus on affordable homeownership-style communities.
• Sun Communities: Sun Communities is the largest publicly traded MHC REIT in the US, owning and operating manufactured housing and marinas communities. It is a direct peer in terms of business model (lot rent, community amenities, value-add on MHCs) and serves as a public-market benchmark for the asset class SunPark operates in.
• Equity LifeStyle Properties: Equity LifeStyle Properties (ELS) is a publicly traded REIT owning manufactured housing communities and RV resorts across the US. It is comparable to SunPark because both operate MHC portfolios with recurring lot rents and resident amenities, providing another large-cap benchmark for MHC economics.
• Firm Capital Property Trust: Firm Capital Property Trust is SunPark's 50/50 JV partner and co-owner of the 2,572-site Canadian MHC portfolio. It is the most directly comparable peer because it co-acquires and co-operates manufactured housing communities in Canada alongside SunPark and benefits from the same platform economics.

Broad incumbents

• Tricon Residential: Tricon Residential is a Canadian rental housing company focused on single-family rental homes. It is comparable to SunPark as a Canadian residential landlord serving the affordable rental demographic, although its product (single-family rentals) is adjacent rather than identical to MHCs.
• Northview Residential REIT (formerly Northview Fund): Northview Residential is a Canadian residential REIT owning multi-family and manufactured housing communities across Canada. It is comparable to SunPark as a Canadian owner/operator of MHCs and rental housing serving similar northern/regional markets and demographics.
• Killam Apartment REIT: Killam Apartment REIT is a Canadian residential REIT focused on multi-family apartments and manufactured housing communities. It is comparable as a Canadian residential landlord with some MHC exposure, providing a broader benchmark for residential rental economics in similar geographies.
• Canadian Apartment Properties REIT (CAPREIT): CAPREIT is one of Canada's largest residential REITs, owning multi-family apartments across the country. While it operates in residential real estate broadly rather than MHCs specifically, it is comparable as a Canadian landlord of affordable rental housing serving similar demographics to SunPark's tenants.

Others

• Firm Capital Corporation (parent of FCC Mortgages): Firm Capital Corporation is the parent of FCC Mortgages, SunPark's affiliated mortgage lending entity. It is comparable as the broader real estate finance platform that supports SunPark's acquisitions and resident financing, providing the capital infrastructure underpinning the MHC strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about SunPark Communities