SUI - Sun Communities Sheds Stake In Autralian Real Estate Firm For Minimum Net Proceeds Of $100M | Benzinga
Sun Communities Inc (NYSE: SUI) disclosed a divestment of about 41.8 million shares (approximately 10.25% interest) in Ingenia Communities Group for an expected minimum net proceeds of $100 million.
Ingenia owns, operates and develops senior manufactured housing communities and holiday resorts in Australia.
In 2018, SUI inked a joint venture deal with and concurrently subscribed for an interest ...