Sun Communities Still Generating Strong NOI Growth From Most of Its Diversified Portfolio
Sun Communities is a residential REIT that focuses on owning manufactured housing and recreational vehicle communities after the company completed the sale of its marina segment for $5.5 billion in the second quarter of 2025. The company has grown significantly over the past decade after spending $11.8 billion since 2010 to build a portfolio of 455 properties from just 136 at the end of 2010. Sun targets owning properties that are desirable as second homes or vacation properties, with nearly 50% of the portfolio located in either Florida or Michigan near major bodies of water.
United States