Sun Communities Operating Limited Partnership, founded in 1993 and headquartered in Southfield, Michigan, focuses on the acquisition, development, and management of manufactured home communities and RV resorts across the United States. The company aims to provide high-quality, affordable living options and leisure experiences through its diverse portfolio of residential and recreational properties.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| SUI 2.30% 2028-11-01 USDSun Communities Operating Limited Partnership | United States | 2028-11-01 | 2.300 | 4.07 |
| SUI 2.70% 2031-07-15 USDSun Communities Operating Limited Partnership | United States | 2031-07-15 | 2.700 | 4.57 |
| SUI 4.20% 2032-04-15 USDSun Communities Operating Limited Partnership | United States | 2032-04-15 | 4.200 | 4.67 |
| SUI 5.50% 2029-01-15 USDSun Communities Operating Limited Partnership | United States | 2029-01-15 | 5.500 | 4.64 |
| SUI 5.70% 2033-01-15 USDSun Communities Operating Limited Partnership | United States | 2033-01-15 | 5.700 | 5.00 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Sun Communities has a notable history of bond issuances, beginning in 2004 when it first tapped the debt markets to support its growth initiatives. Noteworthy bond offerings include the $500 million issuance in 2020, aimed at refinancing existing debt and funding new acquisitions, which has positioned the company favorably within the sector. As of October 2023, current yields on Sun Communities bonds are competitive within the industry, reflecting strong investor interest due to the company’s robust operational performance and strategic growth plans, including features like call provisions that provide flexibility for the issuer.