Sun Communities Appoints Brian Loftus as Chief Accounting Officer
Southfield, MI – March 17, 2025 – Sun Communities, Inc. (NYSE: SUI) announced the appointment of Brian Loftus as Senior Vice President and Chief Accounting Officer, effective immediately. Loftus will serve as the principal accounting officer and report to Fernando Castro-Caratini, Executive Vice President, Chief Financial Officer, Secretary, and Treasurer.

About Brian Loftus
Loftus, 43, previously held the role of Senior Vice President, Corporate Controller at Sun Communities since July 2024. His past experience includes:

Vice President & CFO at Unique Fabricating, Inc. (2020–2023)
Corporate Controller at Wabash National Corporation (2018–2020)
Corporate Controller at Horizon Global Corporation (2015–2018)
Various financial leadership roles at TriMas Corporation (2009–2015)
Started his career at Deloitte & Touche LLP
Loftus holds a B.S. in Business Administration in Accounting and an MBA from Central Michigan University and is a Certified Public Accountant (CPA) in Michigan.

Compensation Package
Annual Base Salary: $330,000
Discretionary Annual Bonus: Up to 75% of base salary, based on personal and company performance goals
There are no related party transactions or family relationships between Loftus and Sun Communities' executive team.

Sun Communities, Inc. has entered into a definitive agreement to sell Safe Harbor Marinas, LLC and SHM TRS, LLC to BIP Poseidon Holdco L.P., an affiliate of Blackstone Infrastructure, for approximately $5.65 billion. The transaction, announced on February 24, 2025, is subject to customary closing conditions, including regulatory approvals.

The agreement includes provisions for the potential delayed transfer of 25 properties due to third-party consent requirements. These properties, valued at up to $769 million, will remain under the sellers' ownership if consents are not obtained within nine months after signing. If the transaction is not completed by August 24, 2025, either party may terminate the agreement under certain conditions.

As part of the deal, Sun Communities and its subsidiaries have agreed to a three-year non-solicitation and non-competition covenant regarding Safe Harbor’s business. The company anticipates closing the transaction in the second quarter of 2025 but cautions that there are no guarantees regarding the final closing or the transfer of all properties.

Source: Sun Communities, Inc., "Form 8-K Filing," February 24, 2025.

Sun Communities, Inc. (NYSE: SUI) announced key governance updates approved by its Board of Directors on February 13, 2025. The company adopted a new indemnification agreement to provide enhanced legal protections for directors and officers, replacing the previous indemnification agreement. This agreement ensures maximum indemnification as permitted by Maryland law, including covering certain expenses incurred by directors and officers in legal proceedings related to their service.

Additionally, Sun Communities revised its code of conduct and business ethics, enhancing ethical standards, clarifying reporting procedures for ethics violations, and implementing technical amendments. The revised code is now available on the company’s website.

The Board also approved a revised insider trading policy, which outlines updated guidelines on securities transactions for directors, officers, and employees.

These governance updates reinforce Sun Communities’ commitment to corporate compliance, ethical business practices, and transparent leadership. The updated policies and agreements are publicly accessible through the company’s governance webpage.

Truist upgrade SUI from hold to buy