Sun Communities names Charles Young as new CEO effective October 1

Sun Communities Inc. (NYSE: SUI) announced that its board of directors has appointed Charles D. Young as chief executive officer, effective October 1, 2025. Young will also join the company's board of directors.

Young succeeds Gary A. Shiffman, who will transition to non-executive chairman of the board after 40 years leading the real estate investment trust. Shiffman previously announced his planned retirement from the CEO role.

Young brings more than 25 years of leadership experience in real estate operations, development, and investment management. Since March 2023, he has served as president of Invitation Homes Inc., described as the nation's premier single-family home leasing and management company. He previously served as chief operating officer of Invitation Homes and held senior roles at Starwood Waypoint Homes and Mesa Development. Earlier in his career, he worked at Goldman Sachs in real estate principal investment and mergers and acquisitions.

Young holds a bachelor's degree in economics and an MBA from Stanford University's Graduate School of Business. He serves on the board of directors of Floor & Decor (NYSE: FND) and on the Stanford University Board of Trustees.

Under Shiffman's leadership, Sun Communities went public in 1993 and grew from approximately $100 million at its initial public offering to a current market capitalization of over $16.5 billion. The company expanded from 31 properties to more than 500 manufactured housing and recreational vehicle communities across North America and the United Kingdom.

The company reported delivering a total return of over 4,100% from its 1993 IPO through June 30, 2025, including an over 150% total return for the ten years ended June 30, 2025. Sun Communities also generated same property average annual net operating income growth of 5.3% for the past 25 years.

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.

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