Sun Communities sells UK assets for $1.03 billion

Sun Communities (SUI) has agreed to sell its UK assets, including Park Holidays, to Aermont Capital-affiliated funds for £768 million ($1.03 billion) in an all-cash deal. The transaction, expected to close in H2 2026, will simplify the REIT's focus on North America, where manufactured housing and RV real property NOI is projected to reach about 95% of total NOI. Q1 Core FFO rose to $1.40 per share, and full-year 2026 guidance was raised to $6.87–$7.07.

Sun Communities (SUI) has agreed to sell its UK assets, including Park Holidays, to Aermont Capital-affiliated funds for £768 million ($1.03 billion) in an all-cash deal. The transaction, expected to close in H2 2026, aims to simplify operations: post-sale, North American manufactured housing (MH) and RV real property NOI will represent about 95% of total NOI. The company also raised its 2026 core FFO guidance to $6.87–$7.07 per share and North American same-property NOI growth guidance to 4.2%–5.2%.

Sun Communities has agreed to sell its Park Holidays business, which operates over 50 holiday parks across the UK, to Aermont Capital in an all-cash transaction valued at £768 million. The business, founded in the mid-1980s, will change ownership, allowing Sun to focus on its core North American manufactured housing and RV platform.

Sun Communities, Inc. (NYSE: SUI), a real estate investment trust, has announced a definitive agreement to sell its UK assets, including the Park Holidays business, to funds affiliated with Aermont Capital. The all-cash transaction has an enterprise value of £768 million (approximately $1.03 billion). Post-closing, approximately 95% of Sun's net operating income is expected to come from its North American manufactured housing and RV portfolio. The deal is subject to UK Financial Conduct Authority approval and is expected to close in the second half of 2026.

Sun Communities, a real estate investment trust (REIT), has agreed to sell its UK assets, including Park Holidays, to Aermont Capital for £768 million ($1.03 billion) in an all-cash transaction. The sale allows the company to focus entirely on its core North American manufactured housing and RV community portfolio. Post-transaction, North American real property NOI is expected to account for approximately 95% of Sun's total NOI. The deal is subject to regulatory approval from the UK Financial Conduct Authority and is expected to close in the second half of 2026.

US REIT Sun Communities is selling its UK holiday park assets, including the Park Holidays business, to Aermont Capital for £768m (€889m), exiting the market just over four years after entering. The company acquired Park Holidays UK in April 2022 for £950m, gaining 40 owned and two managed communities along the south coast of England. The sale allows Sun Communities to focus on its core North American manufactured housing and recreational vehicle portfolio.