Sun Communities, Inc. (NYSE: SUI) is one of America’s largest real estate investment trusts, specializing in manufactured housing (MH) communities, recreational vehicle (RV) resorts, and marinas. Former Sun Communities CEO Gary A. Shiffman helped build the company from a family-run manufactured housing business into an $16 billion REIT with over 645 properties and 225,000 sites across the United States, Canada, and the United Kingdom. Shiffman served as Chairman, President, and CEO from the company’s 1993 IPO until his retirement on October 1, 2025, when he transitioned to Non-Executive Chairman. Under his four-decade tenure, Sun Communities grew from $153 million in assets at IPO to over $16.5 billion, establishing itself as a dominant force in the manufactured housing and outdoor hospitality industries.

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Gary Shiffman – Quick Facts

Sun Communities Competitors

Sun Communities operates in the highly competitive manufactured housing and outdoor hospitality REIT sector. The key competitors of Sun Communities include:

• Equity LifeStyle Properties (NYSE: ELS) – largest peer in MH and RV communities with 450+ properties
• UMH Properties (NYSE: UMH) – manufactured housing REIT with 136 communities
• Flagship Communities REIT – growing MH community operator
• Invitation Homes (NYSE: INVH) – single-family rental REIT
• American Homes 4 Rent (NYSE: AMH) – single-family rental competitor
• AvalonBay Communities (NYSE: AVB) – residential REIT
• RHP Properties – private manufactured housing operator

Gary Shiffman Net Worth 2026 – Sun Communities CEO Salary

As of early 2026, Gary Shiffman’s net worth is estimated at approximately $198 million USD, based on his disclosed Sun Communities stock holdings and SEC filings. Shiffman directly owns approximately 975,870 shares of SUI stock (0.79% of outstanding shares) valued at roughly $124 million, plus 576,222 operating partnership (OP) units in Sun Communities Operating LP worth approximately $73 million.

It is worth noting that Shiffman’s FY2024 total compensation was dramatically lower than historical averages, reflecting his impending retirement and the board’s decision to reduce equity grants. In FY2022, his total compensation exceeded $14.9 million, while FY2024 came in at just $1.97 million.

Sun Communities CEO Compensation Breakdown (FY2024)

Sun Communities Net Worth 2026 – Is Sun Communities Profitable?

Yes, Sun Communities returned to profitability in fiscal year 2024 after a net loss in 2023. The company reported net income of $89 million, compared to a net loss of $213.3 million in the prior year. Sun Communities trades on the NYSE under the ticker symbol SUI with a market capitalization of approximately $15.8 billion as of early 2026.

Sun Communities Financial Summary (FY2024)

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Sun Communities CEO Email Address | Gary Shiffman Contact

Below are the official contact details for former Sun Communities CEO Gary Shiffman. Note that Shiffman continues to serve as Non-Executive Chairman of the Board:

Career & Education – Company, University, & College

Gary A. Shiffman’s career is inseparable from the story of Sun Communities itself. His father, Milton M. Shiffman, a medical practitioner who had been involved in real estate since 1964, founded the predecessor to Sun Communities in 1975, focusing on manufactured housing communities. Gary joined his father in the business and became deeply involved in the management, acquisition, construction, and development of manufactured housing communities.

In 1993, Gary led Sun Communities through its initial public offering on the New York Stock Exchange, transforming it from a private family business into a publicly traded REIT. At that time, Sun held just 31 properties with approximately $153 million in assets. Over the following three decades, Shiffman grew the company through aggressive acquisitions and strategic expansions.

Under Shiffman’s leadership, Sun expanded into recreational vehicle (RV) resorts and later into marinas through the acquisition of Safe Harbor Marinas, as well as UK holiday parks, diversifying far beyond its manufactured housing origins. By the time of his retirement in October 2025, Sun Communities had grown to over 645 properties with 225,000 sites across the United States, Canada, and the United Kingdom.

Shiffman also served as Chairman of Bingham Financial Services Corp. and held board positions at Origen Financial, Inc. and Ingenia Communities Group (an Australian residential communities REIT).

Gary Shiffman Career Timeline

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Education

Gary Shiffman Wiki – Age, Family, & More

Gary A. Shiffman (age 71 as of 2026) is based in the Southfield, Michigan area. He is the son of the late Milton M. Shiffman, who was a medical practitioner and real estate investor. Milton founded the predecessor company to Sun Communities in 1975 and passed away in 2000, after which Gary continued to lead the firm. Through family-related interests, Shiffman holds significant personal real estate holdings across multiple asset classes, including office, multi-family, industrial, residential, and retail properties.

Shiffman’s sons, Adam Shiffman and Alex Shiffman, have both been employed at Sun Communities, with Adam serving as VP of Resort Development and Alex as VP of Corporate Strategy. According to SEC filings, their combined compensation was approximately $392,550 in FY2024.

Notable Achievements & Recognitions

• ULI Lifetime Achievement Award (2024) – Received the Urban Land Institute Michigan Lifetime Achievement Award, recognizing his contributions to real estate, civic, and philanthropic endeavors
• 30+ Year Public Company Leadership – Led Sun Communities from its 1993 IPO ($153M in assets) to a $16.5B+ enterprise
• 10-Year TSR of 168.9% – Delivered strong total shareholder returns over a decade through December 31, 2024
• CEO Action for Diversity & Inclusion – Signatory on the voluntary pledge by nearly 2,000 companies to advance workplace diversity
• Top 100 Workplaces – Under Shiffman’s leadership, Sun Communities was recognized among top 100 workplaces for nearly a decade
• Jewish Federation of Metro Detroit – Board member and active philanthropist

Shiffman is an active philanthropist who supports the Detroit Symphony Orchestra, Life Remodeled, the Jewish Federation of Metro Detroit, and Eastern Market. Under his leadership, Sun Communities added a Director of Diversity, Equity & Inclusion (DEI) and established an Inclusion, Diversity, Equity & Accessibility (IDEA) Council.

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About Sun Communities

Sun Communities, Inc. is a self-administered and self-managed real estate investment trust (REIT) headquartered in Southfield, Michigan. Founded in 1975 and publicly traded since 1993, the company owns, operates, or has interests in manufactured housing communities, recreational vehicle resorts, and properties in the United Kingdom.

As of the end of FY2024, Sun Communities held approximately 225,150 developed sites across 645 properties in 39 U.S. states, Canada, and the United Kingdom. The company employs approximately 6,590 people and trades on the NYSE under the ticker symbol SUI. Sun Communities’ dividend yield stands at approximately 5.89% as of early 2026.

Frequently Asked Questions (FAQ)

Who is the current CEO of Sun Communities?

The current CEO of Sun Communities is Charles D. Young, who was appointed Chief Executive Officer effective October 1, 2025. Young succeeded Gary A. Shiffman, who had led the company since its 1993 IPO. Young previously served as President of Invitation Homes Inc. and brings over 25 years of real estate leadership experience.

What is Gary Shiffman’s net worth in 2026?

As of early 2026, Gary Shiffman’s net worth is estimated at approximately $198 million USD. This estimate is based on his disclosed holdings of roughly 975,870 shares of SUI stock (worth ~$124 million) and 576,222 operating partnership units in Sun Communities Operating LP (worth ~$73 million), plus other real estate and investment assets.

What was Sun Communities CEO’s salary?

In his final full fiscal year as CEO (FY2024), Gary Shiffman received total compensation of approximately $1.97 million, including a $900,000 base salary, $495,000 annual bonus, and $558,688 in stock awards. This was significantly below his historical average – his FY2022 total compensation exceeded $14.9 million – due to reduced equity grants ahead of his planned retirement.

What is Sun Communities CEO’s email address?

Gary Shiffman’s email address at Sun Communities is [email protected]. For general inquiries, Sun Communities’ corporate headquarters can be reached at (248) 208-2500 at 27777 Franklin Road, Suite 300, Southfield, MI 48034.

Why did Gary Shiffman step down as CEO?

Gary Shiffman retired from the CEO role effective October 1, 2025, after announcing his planned departure in late 2024. He had led Sun Communities for over 40 years and transitioned to the role of Non-Executive Chairman of the Board. The board conducted a comprehensive succession planning process before appointing Charles D. Young as his successor.

Is Sun Communities a profitable company?

Yes, Sun Communities returned to profitability in FY2024, reporting net income of $89 million compared to a net loss of $213 million in FY2023. The company generated total revenue of $3.22 billion and a Core FFO of $6.81 per share. Same-property NOI grew 4.1% in North America, with manufactured housing and RV occupancy reaching 99%.

Article last updated:February 2026March 2, 2026