MELANY's data-driven read on Sun Communities, Inc · Real Estate Investment Trusts.
Sun Communities is a residential REIT focused on owning manufactured housing and recreational vehicle communities. It currently owns 513 properties, comprising 347 manufactured housing communities and 166 recreational vehicle communities. The company targets properties desirable as second homes or vacation properties, with nearly 50% of the portfolio located in either Florida or Michigan near major bodies of water.
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