Sun Communities Sells UK Park Holidays Business for ~$1.03 Billion Net Proceeds

Sun Communities, Inc. (SUI) has completed the sale of its entire United Kingdom business segment, Park Holidays, to an affiliate of Aermont Capital LLP. The transaction refines the company's strategy, positioning it as a real estate investment trust (REIT) focused purely on manufactured housing (MH) and recreational vehicle (RV) communities in North America.

Key Details

• Transaction Value: The all-cash deal provided Sun Communities with net proceeds of approximately $1.03 billion, derived from a gross cash consideration of approximately £772.3 million (approx. $1.05 billion).
• Timeline: The sale, which was previously announced on May 21, 2026, officially closed on September 22, 2026.
• Use of Proceeds: The company expects to use the proceeds primarily for share repurchases, debt repayment, and general corporate purposes. Year-to-date through September 21, 2026, SUI has already repurchased 3.5 million shares for approximately $425 million.