Sun Communities, Inc. (SUI)
Sun Communities is a self-administered and self-managed real estate investment trust. Co. is in the business of acquiring, operating, developing and expanding manufactured housing and recreational vehicle (RV) communities. Co. leases individual parcels of land (sites) with utility access for placement of manufactured homes and RVs to its customers. Co. is also engaged through a taxable subsidiary, Sun Home Services, Inc., (SHS), in the marketing, selling, and leasing of new and pre-owned homes. As of Dec 31 2012, Co. owned and operated a portfolio of 188 properties located in 26 states. At Dec 31 2013, SHS had 9,726 occupied leased homes in its portfolio.