Sun Communities(US:SUI) Globenewswireยท2025-07-23 20:20Core Viewpoint - Sun Communities, Inc. has appointed Charles D. Young as the new CEO, effective October 1, 2025, succeeding Gary A. Shiffman, who will transition to Non-Executive Chairman of the Board after 40 years of leadership [1][2][5]. Company Leadership Transition - Charles D. Young brings over 25 years of experience in real estate operations, development, and investment management, having served as President of Invitation Homes Inc. since March 2023 [3][4]. - Gary A. Shiffman has led Sun Communities for 40 years, during which the company grew from a market capitalization of approximately $100 million at its IPO in 1993 to over $16.5 billion [6]. Company Growth and Performance - Under Shiffman's leadership, Sun Communities expanded its portfolio from 31 properties to over 500 manufactured housing and recreational vehicle communities across North America and the UK [6]. - The company achieved a total return of over 4,100% from its IPO through June 30, 2025, including over 150% total return for the ten years ending June 30, 2025 [6]. - Sun Communities has maintained an average annual NOI growth of 5.3% for the past 25 years without a negative year-over-year Same Property NOI quarterly performance [6]. Company Overview - As of March 31, 2025, Sun Communities owned, operated, or had an interest in a portfolio of 502 developed properties, comprising approximately 174,850 developed sites in the United States, Canada, and the United Kingdom [7].