Sun Communities Inc. operates a diversified portfolio of manufactured housing, recreational vehicle communities, and UK holiday parks with over 178,000 developed sites. In 2025, the company progressed its strategic focus by divesting non-core assets via the $5.5 billion Safe Harbor Sale, aggressively reducing debt, and returning capital to shareholders through buybacks and distributions. Despite a revenue contraction linked to the divestiture, operational metrics such as same property NOI growth and Core FFO per share demonstrated stability. The leadership transition to CEO Charles Young marks continuity with a focus on leveraging scale and enhancing resident experience. Moving forward, Sun plans selective acquisitions funded through tax-efficient mechanisms while emphasizing organic rental rate growth above inflation, underpinned by strong liquidity and a conservative leverage profile.