Sun Communities: Buy, Sell, or Hold?

Sun Communities (NYSE: SUI) is a manufactured housing real estate investment trust (REIT). However, that's not really the whole picture because these assets only make up a little more than half of the company's rent roll. To decide if you want to buy, sell, or hold this REIT, you need to look at what's happening today, consider the future opportunities it has, and take the risk/reward balance into consideration. Here's a quick overview of what you need to think about.The biggest piece of Sun Communities' business is its manufactured housing communities, with the vast majority located in the U. S. It owns some U.K.-based communities, as well. Manufactured housing is an affordable alternative to a regular home or an apartment. The important dynamic is that Sun Communities owns the land, leasing it to the tenant, while the tenant owns the structure, which is usually built at a low cost in a factory and shipped to the site.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool