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Sun Communities
-4.39%
Real estate / REIT Manufactured housing communities, recreational vehicle communities, and marinas
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Sun Communities is a real estate investment trust (REIT) that owns and operates manufactured housing communities and recreational vehicle (RV) resorts in the United States and Ontario, Canada. The company was founded in 1975 and is headquartered in Southfield, Michigan.
One of the largest owner-operators of manufactured housing communities in the US, Sun Communities owns and operates over 450 communities in 33 states, with more than 100,000 home and RV sites. The company's portfolio consists of both all-age and age-restricted communities, offering a variety of amenities and activities for residents.
Sun Communities also offers home sales and rentals, as well as various services such as water and sewer services in some of its communities. The company strives to create affordable and desirable housing options for residents, with a focus on customer service and community engagement.
The company's mission is to provide a safe, clean, and enjoyable living experience for its residents while creating long-term value for its shareholders. Sun Communities prides itself on its commitment to sustainability, community involvement, and employee satisfaction.
In addition to owning and operating manufactured housing communities and RV resorts, Sun Communities also has a land development segment that develops new communities and expands existing ones.
Overall, Sun Communities is a reputable and well-established company in the real estate industry, with a strong focus on providing quality housing options and developing thriving communities.
One of the largest owner-operators of manufactured housing communities in the US, Sun Communities owns and operates over 450 communities in 33 states, with more than 100,000 home and RV sites. The company's portfolio consists of both all-age and age-restricted communities, offering a variety of amenities and activities for residents.
Sun Communities also offers home sales and rentals, as well as various services such as water and sewer services in some of its communities. The company strives to create affordable and desirable housing options for residents, with a focus on customer service and community engagement.
The company's mission is to provide a safe, clean, and enjoyable living experience for its residents while creating long-term value for its shareholders. Sun Communities prides itself on its commitment to sustainability, community involvement, and employee satisfaction.
In addition to owning and operating manufactured housing communities and RV resorts, Sun Communities also has a land development segment that develops new communities and expands existing ones.
Overall, Sun Communities is a reputable and well-established company in the real estate industry, with a strong focus on providing quality housing options and developing thriving communities.
What is special about the company?
1. Largest publicly traded owner and operator of manufactured housing and RV communities: Sun Communities is the largest publicly traded company in the United States that owns and operates manufactured housing and RV communities. They have over 400 properties across the country.
2. Diversified portfolio of properties: Sun Communities has a diversified portfolio of properties ranging from manufactured housing communities, RV parks, and resorts. This allows them to cater to a diverse group of residents and vacationers.
3. Strong financial performance: The company has a consistent track record of strong financial performance, with steady revenue growth and stable occupancy rates.
4. Commitment to customer satisfaction: Sun Communities puts a strong emphasis on customer satisfaction and has a history of delivering quality services and amenities at their properties.
5. Sustainability efforts: The company is committed to sustainability and has implemented various eco-friendly initiatives such as energy-efficient upgrades, recycling programs, and green building practices.
6. Corporate social responsibility: Sun Communities has a strong focus on giving back to the communities they operate in through philanthropic efforts and partnerships with local organizations.
7. Industry recognition: The company has been recognized for its excellence in the industry, winning multiple awards such as the Manufactured Housing Institute’s “Community Operator of the Year” award and the National Association of Home Builders’ “Best in American Living” award.
8. Employee satisfaction: Sun Communities values and invests in its employees, leading to a high level of employee satisfaction and retention.
9. Investor-friendly: The company has a strong track record of delivering shareholder value through consistent dividends and share repurchases.
10. Forward-thinking approach: Sun Communities is continuously looking for ways to innovate and improve, keeping up with industry trends and technological advancements to provide the best possible experience for their residents and guests.
2. Diversified portfolio of properties: Sun Communities has a diversified portfolio of properties ranging from manufactured housing communities, RV parks, and resorts. This allows them to cater to a diverse group of residents and vacationers.
3. Strong financial performance: The company has a consistent track record of strong financial performance, with steady revenue growth and stable occupancy rates.
4. Commitment to customer satisfaction: Sun Communities puts a strong emphasis on customer satisfaction and has a history of delivering quality services and amenities at their properties.
5. Sustainability efforts: The company is committed to sustainability and has implemented various eco-friendly initiatives such as energy-efficient upgrades, recycling programs, and green building practices.
6. Corporate social responsibility: Sun Communities has a strong focus on giving back to the communities they operate in through philanthropic efforts and partnerships with local organizations.
7. Industry recognition: The company has been recognized for its excellence in the industry, winning multiple awards such as the Manufactured Housing Institute’s “Community Operator of the Year” award and the National Association of Home Builders’ “Best in American Living” award.
8. Employee satisfaction: Sun Communities values and invests in its employees, leading to a high level of employee satisfaction and retention.
9. Investor-friendly: The company has a strong track record of delivering shareholder value through consistent dividends and share repurchases.
10. Forward-thinking approach: Sun Communities is continuously looking for ways to innovate and improve, keeping up with industry trends and technological advancements to provide the best possible experience for their residents and guests.
What the company's business model?
The business model of Sun Communities is a real estate investment trust (REIT) focused on owning and operating manufactured home and recreational vehicle communities. The company acquires, owns, and operates properties in 38 states and also offers financing and insurance services for the homes and RVs in their communities.
Sun Communities' revenue is generated through rental income from the land and homes they own, as well as through the sale of homes within their communities. They also offer various amenities and services, such as community events and maintenance services, for an additional fee.
The company aims to provide affordable and desirable housing options for individuals and families looking for a community-based lifestyle. They also strive to generate long-term value for their shareholders through strategic acquisitions, efficient operations, and a strong financial foundation.
Sun Communities' revenue is generated through rental income from the land and homes they own, as well as through the sale of homes within their communities. They also offer various amenities and services, such as community events and maintenance services, for an additional fee.
The company aims to provide affordable and desirable housing options for individuals and families looking for a community-based lifestyle. They also strive to generate long-term value for their shareholders through strategic acquisitions, efficient operations, and a strong financial foundation.
Interesting facts about the company
1. Sun Communities, Inc. is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, development, and management of manufactured housing and recreational vehicle (RV) communities.
2. The company was founded in 1975 by Jerry A. Cummings and is headquartered in Southfield, Michigan.
3. As of 2021, Sun Communities owns and operates over 570 manufactured home and RV communities, making it one of the largest owners and operators of such communities in the United States.
4. The company also has an international presence, with a portfolio of RV resorts in Ontario, Canada.
5. Sun Communities has a market capitalization of over $20 billion and has been consistently recognized as one of the top-performing REITs in the country.
6. In addition to its RV and manufactured home communities, the company also owns and operates upscale active adult communities under the brand name Sun Retirement Communities.
7. Sun Communities has over 35,000 sites for manufactured homes and more than 144,000 RV sites, making it one of the largest providers of affordable housing and vacation options in the US.
8. The company has a strong commitment to sustainability, with over 120 of its communities certified by the National Association of Home Builders as environmentally friendly.
9. Sun Communities is actively involved in giving back to the communities it serves, with a focus on supporting education, health, and housing initiatives.
10. In 2020, Sun Communities was named one of the Top Workplaces in Michigan by the Detroit Free Press, highlighting the company’s commitment to its employees.
See Company Due Diligence:
2. The company was founded in 1975 by Jerry A. Cummings and is headquartered in Southfield, Michigan.
3. As of 2021, Sun Communities owns and operates over 570 manufactured home and RV communities, making it one of the largest owners and operators of such communities in the United States.
4. The company also has an international presence, with a portfolio of RV resorts in Ontario, Canada.
5. Sun Communities has a market capitalization of over $20 billion and has been consistently recognized as one of the top-performing REITs in the country.
6. In addition to its RV and manufactured home communities, the company also owns and operates upscale active adult communities under the brand name Sun Retirement Communities.
7. Sun Communities has over 35,000 sites for manufactured homes and more than 144,000 RV sites, making it one of the largest providers of affordable housing and vacation options in the US.
8. The company has a strong commitment to sustainability, with over 120 of its communities certified by the National Association of Home Builders as environmentally friendly.
9. Sun Communities is actively involved in giving back to the communities it serves, with a focus on supporting education, health, and housing initiatives.
10. In 2020, Sun Communities was named one of the Top Workplaces in Michigan by the Detroit Free Press, highlighting the company’s commitment to its employees.
See Company Due Diligence:
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