An unknown buyer acquired 10.25% stake in Ingenia Communities Group from Sun Communities, Inc. for approximately $100 million.
An unknown buyer completed the acquisition of 10.25% stake in Ingenia Communities Group (ASX:INA) from Sun Communities, Inc. (NYSE:SUI) on October 12, 2023. The sale generated net proceeds of $102.5 million, which was used to pay down amounts drawn under Sun Communities' Senior Credit Facility.