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United States securities and exchange commission logo
April 29, 2024
Fernando Castro-Caratini
Chief Financial Officer
Sun Communities, Inc.
27777 Franklin Road, Suite 300
Southfield, MI 48034
Re: Sun Communities,
Inc.
Form 10-K for the
year ended December 31, 2023
File No. 001-12616
Dear Fernando Castro-Caratini:
We have limited our review of your filing to the financial
statements and related
disclosures and have the following comment.
Please respond to this letter within ten business days by
providing the requested
information or advise us as soon as possible when you will respond. If
you do not believe
our comment applies to your facts and circumstances, please tell us why
in your response.
After reviewing your
response to this letter, we may have additional comments.
Form 10-K for the year ended December 31, 2023
Notes to Consolidated Financial Statements
1. Significant Accounting Policies
Investment Property
Impairment of long-lived assets, page F-14
1. We note your disclosure
that you estimate the fair value of your long-lived assets based on
undiscounted future
cash flows and any potential disposition proceeds for a given asset.
Please tell us how you
determined it was unnecessary to use discounted future cash flows.
Please refer to ASC
820-10.
In closing, we remind you that the company and its management are
responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review,
comments, action or
absence of action by the staff.
Please contact Peter McPhun at 202-551-3581 or Jennifer Monick at
202-551-3295 with
any questions.
Fernando Castro-Caratini
Sun Communities, Inc.
April 29, 2024
Page 2
FirstName LastNameFernando Castro-Caratini Sincerely,
Comapany NameSun Communities, Inc.
Division of Corporation Finance
April 29, 2024 Page 2 Office of Real Estate &
Construction
FirstName LastName