Sun Communities, Inc. (NYSE:SUI) said Wednesday it agreed to sell its U.K. assets, including the Park Holidays business, to funds affiliated with Aermont Capital in an all-cash deal valued at about 768 million pounds, or $1.03 billion.

The REIT said the transaction will sharpen its focus on its core North American manufactured housing and recreational vehicle portfolio while improving liquidity and financial flexibility.

Following the sale, North American MH and RV real property NOI is expected to account for about 95% of the company’s total NOI.

CEO Charles Young said the deal supports Sun’s long-term growth strategy and capital allocation priorities, including investments in its core communities and shareholder returns.

The transaction is expected to close in the second half of 2026, subject to customary conditions, including approval from the U.K. Financial Conduct Authority.

SUI Technical Analysis: Key Levels And Momentum

From a technical perspective, Sun Communities is currently trading at $122.99, which places it about 2.26% below its 20-day simple moving average (SMA) of $125.40.

The stock’s momentum is showing signs of cooling, as indicated by the MACD being below its signal line, suggesting that upside pressure is ...