Sun Communities completes sale of Park Holidays UK assets to Aermont Capital for about $1.03 billion net cash
SUI•Sale of UK assets completed
Sun Communities completed the sale of its UK assets, including Park Holidays, to Panther Bidco, an Aermont Capital affiliate.
Net cash proceeds totaled about $1.03 billion, reflecting locked-box adjustments and transaction costs.
Use of proceeds and portfolio focus
The company said the proceeds are earmarked mainly for share repurchases, debt reduction, and general corporate purposes.
The deal leaves Sun focused on North American manufactured housing and RV communities.
Through Sept. 21, 2026, Sun repurchased 3,500,000 shares for about $425 million.
