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Sun Communities, Inc. Nominates Mark Denien as Candidate for Election to Board of Directors

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Sun Communities (NYSE: SUI) has nominated Mark A. Denien as an independent director candidate for its Board of Directors. Denien brings over 30 years of experience in real estate transactions, capital markets, and strategic leadership.

Currently serving on Acadia Realty Trust's Board, Denien previously held executive positions at Duke Realty from 2005 to 2022, most recently as EVP and CFO. During his tenure as CFO (2013-2022), Duke Realty achieved a 500% total shareholder return and secured important credit rating upgrades.

If elected, Denien will join SUI's Audit Committee, leveraging his extensive background from KPMG (16 years) and his proven track record in financial stewardship. His nomination aligns with the company's strategy to enhance Board expertise in finance and real estate sectors.

Sun Communities (NYSE: SUI) ha nominato Mark A. Denien come candidato indipendente per il suo Consiglio di Amministrazione. Denien porta con sé oltre 30 anni di esperienza in transazioni immobiliari, mercati dei capitali e leadership strategica.

Attualmente membro del Consiglio di Acadia Realty Trust, Denien ha ricoperto in precedenza posizioni esecutive presso Duke Realty dal 2005 al 2022, più recentemente come EVP e CFO. Durante il suo mandato come CFO (2013-2022), Duke Realty ha raggiunto un 500% di rendimento totale per gli azionisti e ha ottenuto importanti upgrade del rating creditizio.

Se eletto, Denien entrerà a far parte del Comitato di Controllo di SUI, sfruttando il suo ampio background in KPMG (16 anni) e il suo comprovato successo nella gestione finanziaria. La sua nomina è in linea con la strategia dell'azienda di migliorare l'expertise del Consiglio nei settori della finanza e dell'immobiliare.

Sun Communities (NYSE: SUI) ha nominado a Mark A. Denien como candidato a director independiente para su Junta Directiva. Denien aporta más de 30 años de experiencia en transacciones inmobiliarias, mercados de capitales y liderazgo estratégico.

Actualmente sirve en la Junta de Acadia Realty Trust, Denien ocupó anteriormente posiciones ejecutivas en Duke Realty desde 2005 hasta 2022, siendo su último cargo EVP y CFO. Durante su mandato como CFO (2013-2022), Duke Realty logró un 500% de retorno total para los accionistas y obtuvo importantes mejoras en la calificación crediticia.

Si es elegido, Denien se unirá al Comité de Auditoría de SUI, aprovechando su amplia experiencia en KPMG (16 años) y su historial comprobado en la gestión financiera. Su nominación se alinea con la estrategia de la empresa para mejorar la experiencia de la Junta en los sectores de finanzas e inmobiliaria.

선 커뮤니티(Sun Communities, NYSE: SUI)는 마크 A. 데니엔(Mark A. Denien)을 이사회의 독립 이사 후보로 지명했습니다. 데니엔은 부동산 거래, 자본 시장 및 전략적 리더십 분야에서 30년 이상의 경험을 가지고 있습니다.

현재 아카디아 리얼티 트러스트(Acadia Realty Trust) 이사로 활동 중인 데니엔은 2005년부터 2022년까지 듀크 리얼티(Duke Realty)에서 EVP 및 CFO로서 임원직을 역임했습니다. CFO로 재직하는 동안(2013-2022) 듀크 리얼티는 500%의 총 주주 수익률을 달성하고 중요한 신용 등급 상승을 확보했습니다.

선출될 경우, 데니엔은 SUI의 감사 위원회에 합류하여 KPMG에서의 16년간의 광범위한 배경과 재정 관리에서의 입증된 실적을 활용할 것입니다. 그의 지명은 재무 및 부동산 분야에서 이사회의 전문성을 강화하려는 회사의 전략과 일치합니다.

Sun Communities (NYSE: SUI) a nommé Mark A. Denien en tant que candidat directeur indépendant pour son Conseil d'Administration. Denien apporte plus de 30 ans d'expérience dans les transactions immobilières, les marchés de capitaux et le leadership stratégique.

Actuellement membre du Conseil d'Acadia Realty Trust, Denien a occupé auparavant des postes exécutifs chez Duke Realty de 2005 à 2022, le dernier étant EVP et CFO. Pendant son mandat en tant que CFO (2013-2022), Duke Realty a réalisé un retour total de 500% pour les actionnaires et a obtenu d'importantes améliorations de la note de crédit.

En cas d'élection, Denien rejoindra le Comité d'Audit de SUI, tirant parti de son vaste parcours chez KPMG (16 ans) et de son expérience avérée en gestion financière. Sa nomination s'inscrit dans la stratégie de l'entreprise visant à renforcer l'expertise du Conseil dans les secteurs de la finance et de l'immobilier.

Sun Communities (NYSE: SUI) hat Mark A. Denien als unabhängigen Direktor für seinen Vorstand nominiert. Denien bringt über 30 Jahre Erfahrung in Immobiliengeschäften, Kapitalmärkten und strategischer Führung mit.

Derzeit ist er Mitglied des Vorstands von Acadia Realty Trust und hatte zuvor von 2005 bis 2022 leitende Positionen bei Duke Realty inne, zuletzt als EVP und CFO. Während seiner Amtszeit als CFO (2013-2022) erzielte Duke Realty eine 500% Gesamtrendite für Aktionäre und sicherte sich wichtige Herabstufungen der Bonität.

Falls er gewählt wird, wird Denien dem Prüfungsausschuss von SUI beitreten und sein umfangreiches Wissen aus 16 Jahren bei KPMG sowie seine nachgewiesene Erfolgsbilanz im Finanzmanagement einbringen. Seine Nominierung steht im Einklang mit der Unternehmensstrategie, die Expertise des Vorstands in den Bereichen Finanzen und Immobilien zu erweitern.

Positive
  • Nomination of highly experienced financial executive with proven 500% shareholder return track record
  • Addition of strong audit and real estate expertise to the Board
  • Candidate brings valuable experience in credit rating improvements and strategic transformation
Negative
  • None.

Southfield, MI, March 13, 2025 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE: SUI) (the "Company") announced today that its Board of Directors (the "Board") has nominated Mr. Mark A. Denien as an independent director candidate for election at the upcoming annual meeting of shareholders.

Mr. Denien is a seasoned finance executive with over three decades of experience in real estate transactions, capital markets, strategy development, regulatory compliance, risk management, and acquisitions. He currently serves on the Board of Directors of Acadia Realty Trust, where he is Chair of the Audit Committee and a member of the Compensation Committee.

Mr. Denien served in multiple executive roles from 2005 to October 2022 at Duke Realty Corporation, most recently as Executive Vice President and Chief Financial Officer from 2013 to 2022, guiding the company through significant transformation and growth until its acquisition by Prologis. Under his financial leadership, Duke Realty achieved a remarkable 500% total shareholder return over a decade and secured key credit rating upgrades.

Prior to his tenure at Duke Realty, Mr. Denien spent 16 years at KPMG, where he specialized in real estate audit and advisory services, eventually becoming a partner. His deep knowledge of the real estate sector has made him a thought leader in financial strategy, corporate governance, and operational efficiency.

Mr. Denien holds a Bachelor of Science degree in Accounting from Indiana University Bloomington and is a Certified Public Accountant (CPA). If elected, the Board intends to appoint him to the Audit Committee, where his extensive experience in financial stewardship and strategic transformation will bring valuable insights as the Company continues to strengthen the expertise and skill set of its Board.

“We are excited about the prospect of Mark joining our Board of Directors,” said Gary Shiffman, Chairman and Chief Executive Officer. “His deep expertise in finance and real estate, coupled with his proven track record of strategic leadership, would be instrumental as we continue to drive growth and enhance value for our stakeholders.”

Cautionary Statement Regarding Forward Looking Statements:
This press release contains various “forward-looking statements” within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, and the Company intends that such forward-looking statements will be subject to the safe harbors created thereby. Forward-looking statements can be identified by words such as “will,” “may,” “could,” “expect,” “anticipate,” “believes,” “intends,” “should,” “plans,” “estimates,” “approximate,” “guidance,” and similar expressions in this press release that predict or indicate future events and trends and that do not report historical matters.

These forward-looking statements reflect the Company's current views with respect to future events and financial performance, but involve known and unknown risks, uncertainties, and other factors, some of which are beyond the Company's control. These risks, uncertainties, and other factors may cause the actual results of the Company to be materially different from any future results expressed or implied by such forward-looking statements. Such risks and uncertainties include national, regional and local economic climates; risks related to natural disasters, such as hurricanes, earthquakes, floods, droughts and wildfires; existing or potential supply chain disruptions; wars and other international conflicts; difficulties in the Company's ability to evaluate, finance, complete and integrate acquisitions, developments and expansions successfully; the ability to maintain rental rates and occupancy levels; competitive market forces; the performance of recent acquisitions; changes in market rates of interest; changes in foreign currency exchange rates; the ability of purchasers of manufactured homes and boats to obtain financing; and the level of repossessions by manufactured home and boat lenders. Further details of potential risks that may affect the Company are described in the Company’s periodic reports filed with the U.S. Securities and Exchange Commission, including in the “Risk Factors” sections of the Company's Annual Report on Form 10-K for the year ended December 31, 2024.

The forward-looking statements contained in this press release speak only as of the date hereof. The Company undertakes no obligation to publicly update or revise any forward-looking statements included or incorporated by reference into this document, whether as a result of new information, future events, changes in the Company's expectations or otherwise, except as required by law.

About Sun Communities, Inc.

Sun Communities, Inc. is a REIT that, as of December 31, 2024, owned, operated, or had an interest in a portfolio of 645 developed properties comprising approximately 176,390 developed sites and approximately 48,760 wet slips and dry storage spaces in the United States, Canada, and the United Kingdom.

For Further Information at the Company:        
Fernando Castro-Caratini
Chief Financial Officer
(248) 208-2500
www.suninc.com


FAQ

What experience does Mark Denien bring to Sun Communities (SUI) Board?

Mark Denien brings over 30 years of experience in real estate transactions, capital markets, and strategic leadership, including serving as EVP/CFO at Duke Realty where he achieved 500% shareholder returns over a decade.

When will Mark Denien join Sun Communities (SUI) Board if elected?

The election will take place at the upcoming annual meeting of shareholders in 2025, after which he would join the Audit Committee if elected.

What was Mark Denien's track record at Duke Realty before joining SUI?

As EVP and CFO from 2013 to 2022, Denien led Duke Realty to achieve 500% total shareholder return and secured key credit rating upgrades until its acquisition by Prologis.

Which committees will Mark Denien serve on at Sun Communities (SUI)?

If elected, Denien will serve on SUI's Audit Committee, leveraging his financial expertise and strategic transformation experience.
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