Transaction Details

Footnotes

This transaction represents the conversion of Common Operating Partnership Units of Sun Communities Operating Limited Partnership (the "Operating Partnership") reported in Table II into Common Stock of the Issuer reported in Table I. The Reporting Person is a trustee and a beneficiary of the irrevocable trust that owns these securities. The Reporting Person disclaims beneficial ownership of the securities held by the trust except to the extent of his pecuniary interest therein. This conversion was completed for tax planning reasons. | Owned by an irrevocable trust of which the Reporting Person is a trustee and a beneficiary. The Reporting Person disclaims beneficial ownership of the securities held by the trust except to the extent of his pecuniary interest therein. | The Common Operating Partnership Units of the Operating Partnership are convertible into Common Stock of the Issuer at any time on a one-for-one basis and have no expiration date. | Owned by certain limited liability companies of which the Reporting Person is a member and a manager. The Reporting Person disclaims beneficial ownership of the securities held by these limited liability companies except to the extent of his pecuniary interest therein.