Sun Communities to Sell UK Assets for $1.03 Billion
Sun Communities, Inc. (NYSE: SUI) has entered into a definitive agreement to sell its UK assets, including the Park Holidays business, to funds affili...
Sun Communities, Inc. (NYSE: SUI) has entered into a definitive agreement to sell its UK assets, including the Park Holidays business, to funds affiliated with Aermont Capital in an all-cash transaction valued at £768 million (approximately $1.03 billion). The deal is expected to close in the second half of 2026, subject to regulatory approval. Post-transaction, approximately 95% of Sun's net operating income is projected to come from its North American manufactured housing and RV portfolio.