Sun Communities to sell UK assets for $1.03B to Aermont Capital

Sun Communities agreed to sell its UK Park Holidays business to Aermont Capital for approximately $1.03 billion in cash, enabling the REIT to focus on its core North American manufactured housing and RV portfolio. The transaction, expected to close in H2 2026, will increase MH and RV NOI to ~95% of total NOI and enhance financial flexibility.