Claim: Sun Communities, founded in 1975 and going public in 1993, invests in retirement communities and recreational vehicle communities, and owns interest in 432 such communities in the United States.
Evidence: Sun Communities is a publicly traded real estate investment trust that invests in manufactured housing and recreational vehicle communities. The company dates to 1975. In December 1993, the company became a public company via an initial public offering. As of June 30, 2020, the company owned interests in 426 such communities in the United States and Canada consisting of nearly 143,000 sites. Sun Communities, Inc. Public company Real estate investment trust 1975; 45 years ago (1975) As of September 30, 2020, the company owned interests in 432 such communities in the United States and Canada consisting of nearly 146,000 sites.