Recent Updates — SUI

Sun Communities, Inc. completed the sale of its UK business, Park Holidays, to Panther Bidco Limited, an affiliate of Aermont Capital LLP, on September 22, 2026. The buyer paid approximately £772.3 million (about $1.05 billion) in cash consideration, resulting in net proceeds of approximately $1.03 billion after transaction costs and adjustments. Sun Communities intends to use the proceeds primarily for share repurchases, debt repayment, and general corporate purposes. Year-to-date through September 21, 2026, the company had repurchased approximately 3.5 million shares for an aggregate of $425 million. The sale positions Sun as a pure-play North American manufactured housing and RV community operator. Sun Communities is a real estate investment trust that owns and operates manufactured housing and recreational vehicle communities in the United States and Canada.

Sun Communities, Inc. announced that Aaron Weiss, its Chief Investment Officer and Executive Vice President, entered into an Amended and Restated Employment Agreement effective October 19, 2026. The five-year agreement sets his annual base salary at $600,000 with a target cash bonus equal to 100% of base salary. Severance provisions include payments of 1.5 times the sum of base salary and target bonus for termination without cause or resignation for good reason, resulting in full vesting of equity awards. In a change of control scenario, Weiss would receive severance equal to two times his combined compensation plus accelerated equity vesting. Sun Communities operates in the self-storage industry.