gary shiffman sun communities email address

We and our stakeholders have benefited from the compelling supply and demand dynamics that underpin manufactured housing, RV communities and marinas. In January of this year, we issued $400 million of 10-year senior unsecured notes, which benefited from $250 million of treasury locks and used those proceeds to further reduce our line of credit balance. And just to try to frame it out, like if insurance is 15% to 20% of expenses and it was 20% higher than anticipated, that would be a 300 basis point to 400 basis point headwind. Contact Personal Website (s) garyshiffman.com Giant Oak, Inc. Consileint Bio and Featured Works Professor Gary M. Shiffman explores relationships between behavioral science and national security. SUI earnings call for the period ending June 30, 2021. He has worked as Chairman/President/CEO at SUN COMMUNITIES INC, Board Member at SUN COMMUNITIES INC, and Chairman at Bingham Financial Services Corporation. I think the past channel checks we've done, there's concern for a while that outsized pricing power is eventually going to deteriorate because it's going to break boat owners. Thank you. Up to 5 First, this article will compare CEO compensation with compensation at other large companies. Search Search. Main Telephone (248) 208-2500 Primary Address 27777 Franklin Road Suite 200 Southfield, MI 48034 USA None of the information on this page has been provided or approved by Sun Communities. There are no executives at Sun Communities getting paid more. But if you look out into the whole year, we're a little bit ahead in total booking pace, meaning bookings that have actually happened at this point in time versus where we were last year. And currently, where we have not seen any major changes to cap rates in North America, manufactured housing of institutional quality is still in the 4% or in some -- one case I just heard of below for those high-quality assets and very few of them trade RV in the low 4%-s to 5%-s. Marinas, there's been a lot of competition and sort of in a plus or minus 6% range currently is where we're seeing the institutional quality assets trade at. What Could Elon Musk Possibly Be Thinking? Sep 30, 2020. Welcome to the Sun Communities Fourth Quarter and Year End 2022 Earnings Conference Call. I mean you look at everything, whether it's earthquakes in Turkey and so forth that's impacting the cost of insurance for everybody. And by paying down that debt, if that's what we elect to do, we obviously recapture of that lost interest rate. I don't want anyone to think of it as a loss leader, because it's not a loss leader. The show will focus on global macro issues with a middle eastern context, provide expert analysis of major market moving stories and speak with the biggest newsmakers in the region. KAREN J. DEARING. ComplaintsBoard.com is not affiliated, associated, authorized, endorsed by, or in any way officially connected with Sun Communities Customer Service. Explore this wiki for details such as Sun Communities CEO email, Gary Shiffman net worth, and Sun Communities net worth. The company's principal address is . Factors and risks that could cause actual results to differ materially from expectations are detailed in yesterday's press release and, from time to time, in the company's periodic filings with the SEC. So strategically, we do have to think about the cost return proposition in that state as we do everywhere. Read more Brian Hermelin Board Member C Clunet Lewis Is that the main reason the service retail dining and entertainment NOI is declining year-over-year? For those who would like to participate in the question-and-answer session, management asks that you limit yourself to two questions, so everyone who would like to participate has ample opportunity. We have built our culture around a simple customer service philosophy: The Golden Rule. Sign up for a free account. Thank you. And when we talk about passing on guests at our cost, it's not just the cost we buy it at the pumper truck, but it's the cost associated with delivering it. (business & personal). I'd like to thank all of our Sun team members who contributed extraordinary efforts to our collective success. Gary A. Shiffman is the CEO of Sun Communities, Inc. We are also providing certain guidance data points to help the investment community track Park Holidays' performance. And a Car. Yes, that's a great question. Get contact details including emails and phone numbers So, our expectation is that we can't pass-through the expenses. That is an increase of about 300 basis points over 2022. So, your math as far as the headwind from an expense growth perspective tracks. So, with that kind of a supply/demand out of balance, we're very comfortable and expecting to continue growth similar to what we've been experiencing. The acquired land can support over 2,500 future MH and RV sites. With Shiffman's guidance, he began building. We are doing work that matters - connecting customers with businesses around the world and help them resolve issues and be heard. Gulf War veteran, 1990-1991 USS Blue Ridge (LCC 19), 1988-1991 USS Fife (DD 991) 1991-1992 Pentagon: Chief of Naval Operations, Surface Warfare Division, 1993 Initial Sun Communities complaints should be directed to their team directly. We certainly saw the cost of development spike up through the pandemic, short supply, supply chain, et cetera. Our Communities. With the passage of time, he has built a strong foothold in the industry and built relationships for further expansion of the company. You will network with leading professionals from around the country and bring back best practices to your workplace. Thank you. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. This is less of a Sun issue, an asset class issue or anything like that. Sun Communities currently employs approximately 3,146 people. Sun Communities, Inc. is a REIT that, as of October 30, 2020, when it completed its acquisition of Safe Harbor Marinas, LLC, owned, operated, or had an interest in a portfolio of 532 properties . As a reminder, our guidance includes acquisitions, dispositions and capital markets activity through February 22, 2023, and the effect of a property disposition under contract expected to close in March 2023. By continuing your navigation, you consent to their use. Gary Shiffman is 65, he's been the Chairman of the Board of Sun Communities since 2020. And just on the excluding transient portion too, right, what would the range be if you exclude your expectations, because there's going to be a bit of an uplift? Yes, we are seeing positive strength there. And then to further reduce the floating rate exposure, are you looking to use interest rate swaps or utilize fixed-rate debt? Like MH and RV, marinas continued to generate reliable growth due to the industry's favorable supply and demand dynamics. Please go ahead. It's a great question. To write a complaint about Sun Communities and get an answer from the officials of Sun Communities, Complaintsboard.com's objective complaint writing and answer providing system can be used. So, our expectation is that we will pass-through these costs through rental increases as we go forward because they're part of our operating business. Gary Shiffman and the Sun Communities leadership team are scored a C by 31 employees placing it in the Bottom 40% of companies sized 1,001-5,000 Employees on Comparably. Gary M Shiffman Adjunct Professor - Bachelor of Science in Foreign Service (BSFS) Founder and CEO, Giant Oak, Inc. This will surely increase the credibility of your complaint. But that being said, we can't underscore the fact that with this increased cost, as Fernando mentioned of $18 million, we're still seeing at Same Property growth of 5.4% at the midpoint. No materials from this website may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way. It tracks over a 30-year period of time that will go up and down a little bit, so we don't see that as anything negative whatsoever. We've done over $2.2 billion of IG unsecured bonds with that public market. Because you obviously expect to compare a lot of sites, which means the comparative pool for transient is going to be much lower. View more questions & answers Overview of Sun Communities complaint handling Full year weighted average rental rates increased 5.4%, driving a 24% increase in home revenues. Just $139.99 * View More Details Overview Doing Business As: WATER OAK HOME SALES Company Description: Key Principal: Gary Shiffman See more contacts Industry: Offices of Real Estate Agents and Brokers , Real Estate , Real Estate and Rental and Leasing , Broker of manufactured homes, on site Today, we stand at about 16% floating-rate debt. That is very likely making improvements to that site and bringing up the value of the community itself or being hyper-focused on continuing the conversion program over to the annual side. So, there's no specific plan. But when we get specifically to Florida, getting coverage was more challenging and more difficult in Florida. So, our new home or pre-owned home sales being down a little bit, it's just reflective of the demand, people staying in their homes longer. (business & personal). I think just general good stewardship of how we think about reducing that variable debt. So, home sale prices fell by 15% from last quarter in the U.K., but was flat in U.S. MH business. On the U.K. side, we're seeing enormous strength on the higher end of home buying, the more expensive homes increasing. Safe Harbor's operating team, led by Baxter . So, we're running a little bit ahead. And going forward, we expect good solid growth this coming year. There are 4 older and 13 younger executives at Sun Communities. His association with Sun Communities goes back to its inception. As there are no further questions at this time, I would like to turn the floor back over to Gary Shiffman for closing comments. We received an approximate 50% uplift in revenue in the first full year after conversion. I think it's growing from there right now, that we've noticed rental increases. . Appreciate the color, Gary. There is nothing identified yet or nothing that is meaningful. Thanks for that. Although the company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, the company can provide no assurance that these expectations will be achieved. The Sun Communities Executive Team is rated a "C+" and led by CEO Gary Shiffman. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. I think that we don't typically provide guidance towards acquisitions and, of course, capital marketplace activities. 1981: Shiffman retires from his medical practice to concentrate fully on his growing company. And as we spoke earlier, we're intentionally shifting a value proposition that will support continued rental increases by offering memberships, the other lower-margin attributes such as fuel, such as discounted transient stays when there's open sites or slips available and other membership opportunities. And then second part, I did see a termination income. And the fact that they're direct selling their homes, so there's no interruption in rent to us, but we're not able to buy the inventory to flip into the used homes as we have been. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. So, should this only grow with acquisitions? Technologies. Our next question is from the line of Robyn Luu with Green Street. Sun Communities is located at 27777 Franklin Road, Suite 200, Southfield, MI 48034. So, we're not losing money or subsidizing anything. So, ex that drag, is the expense growth 6% to 7% and matching kind of like the top-line growth? We did over since December of 2021 about 850 of treasury locks and swaps. It has accretiveness and embedded growth where we can justify deploying capital in this environment and deliver the kind of growth our stakeholders are used to. Competitors. So, strategically, over time, we expect to more than capture that difference, certainly, on a multiple basis for the stickiness of the rental revenue versus the lower-margin business. Use this comments board to leave complaints and reviews about Sun Communities. Hi, good morning. And that's an area that we're focusing on, and there are also smaller margins on the lodges than there are on the lower-based homes. Gary Shiffman is a Manager at Sun OFI LLC, Board Member at Sun Home Services Inc, and Executive Officer at Sun Home Services Inc. For the 31 properties Park Holidays has owned since at least January 2021, home sales rose 17%. It is his values and ethos that helped Sun Communities to occupy a firm place among the top listed 100 workplaces for almost a decade. Hey, guys. So really, really strong demand. So, the 15%, just to clarify, the 15% does not reflect market prices for U.K. home sales? You can reach Sun Communities by phone at +1 248-208-2500 or by email at [email protected] Where is Sun Communities located? Additionally, Mr. Shiffman, through his family-related interests, has had significant direct holdings in various real estate asset classes, which include office, multi-family, industrial, residential and retail. We look forward to our next call and certainly invite anyone to reach out to Fernando and his team with any follow-up questions. Yes. Get contact details including emails and phone numbers Over the last 20 years, insiders at Sun Communities have traded over $67,900,866 worth of Sun Communities stock and bought 1,365,690 units worth $164,659,142 This company now owns 22 properties in Sky Harbor. Like is there a way to kind of recover it kind of over the long term? And then, taking a step back, so if we think about your -- both your real property, excluding transient and transient on a like-for-like basis, if we exclude your transient conversion expectations for '23, where would the numbers shake out, both on excluding transient, then transient as a whole, right? Gary's mailing address filed with the SEC is 27777 FRANKLIN ROAD, SUITE 300, SOUTHFIELD, MI, 48034. For the full year, Same Property MH and RV NOI grew 5.4%, driven by a 5.7% increase in revenue and a 6.2% increase in expenses. Research Tools Lastly, our Board has raised our 2023 distribution to $3.72 per share, a 5.7% increase from the prior year. My first question is on the insurance. Mr. Shiffman, you may begin. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. Demand for our manufactured housing communities and RV locations is evident in our consistently high occupancy levels, gains in revenue-producing sites and solid Same Property NOI growth. Together, the two parks one in Jurupa Valley and another in Banning, accordingContinue reading In light of current market conditions, we have shown discipline with regard to our approach to capital allocation, and we'll continue to do so going forward. . Our U.K. operations are included in our guidance for total NOI. Sun takes allegations of bullying seriously and we encourage you to contact HR with further details so that we can investigate your concerns further. Good morning, and thank you for joining us as we discuss fourth quarter and full year results for 2022 and our guidance for 2023. And so, it's something that we watch and talk about very closely as we think about what increases and how we can push further on both MH and RV. And as previously announced, we added Jeff Blau, CEO of Related Companies, to our Board of Directors. Okay. SUN COMMUNITIES INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. They are all complete wrecks mostly from pre 1970. This year there were 200 companies that made the list . Included in our revenue-producing site gains were over 2,250 transient RV annual lease conversions this year, a new record for Sun. 1993: The firm goes public as Sun Communities Inc. 1994: Sun has the best-performing stock among manufactured housing . He is a member of our Executive Committee. Thank you, everybody. Keegan, I'll give you the comparative for Same Property. They're actually trending a little bit ahead of this past year, which of course, as we shared before, is great because that is the feeder for more holiday home sales and more rent paying sites. And how is kind of the ROI profile of your development sites evolved the past 12 months? Mr Shiffman is currently Chairman and Chief Executive Officer of Sun Communities, Inc. (NYSE:SUI) Mr Shiffman has . I'll now turn the call over to Gary Shiffman, Chairman, President and Chief Executive Officer. Sun Communities, Inc. is a REIT that, as of December 31, 2020, owned, operated, or had an interest in a portfolio of 552 developed MH, RV and marina properties comprising over 188,000 developed sites in 39 states and Ontario, Canada. Development is in Sun's DNA. Reagan Haynes. Thanks. In 2023, we expect total Same Property NOI across manufactured housing, RV and marinas to increase between 4.9% and 5.9%. Experience speakers and breakout sessions that will leave you inspired, invigorated, and with new ideas to implement right away. Gary Shiffman Chairman & Chief Executive Officer Sun Communities, Inc. Gary A. Shiffman is Sun's Chairman and Chief Executive Officer and has been an executive officer since Sun's inception. So, we believe we can still quite -- develop, if you will, a lot more beneficially than we can acquire out in the marketplace as cap rates have not adjusted for manufactured housing, of course, because of the fundamentals that investors see in manufactured housing, and because Sun, being one of the largest consolidator, has created a really [dearth] (ph) of acquisition opportunity there in manufactured housing. So, we don't currently see those type of headwinds that you're suggesting in the marina business. Additionally, we regularly evaluate our portfolio for capital recycling opportunities to enhance our long-term growth profile. Our strategic approach has delivered an attractive balance of a reliable organic growth and strong FFO per share increases. Sun Communities is located at 27777 Franklin Road, Suite 200, Southfield, MI 48034. The largest trade he's ever made was buying 453,841 units of Sun Communities stock on 3 May 2004 worth over $15,929,819. Mr Shiffman has over 30 years' experience in executive and non-executive roles in financial and real estate public companies listed on the NYSE and NASDAQ. Is this your company? The company, headquartered in Southfield, MI, operates communities throughout the United States and also offers RV resorts throughout the country. I think it totally reflects quality, location and value of the assets in our portfolio. Attorney General have been notify and have no control on rent increase unless the state pass a new law to protect the seniors citizen's rights on fixed income not to become homeless. 320,000, I think, we talked about moved in there last year. You might contact Gary A Shiffman via mailing address: 27777 Franklin Road, Ste 200, Southfield Mi 48034. A follow-up question on insurance. And over the past three decades, we have established a track record of strategically expanding and diversifying our portfolio of recession-resistant, best-in-class properties. In terms of capital markets activity, during and subsequent to quarter end, we completed a $311 million add-on to an existing secured financing with a weighted average interest rate of 4.6%. 2200 West Wilson Street and 6154 Mission Boulevard in Riverside County with Sun Communities CEO Gary Shiffman (Sun Communities, Google Maps, Illustration by The Real Deal) Mobile home. And more so a question on how we should think about modeling this line item going forward. Steve, I can share with you, as of this point, and I'll let John go more into specific sales. Thank you. Gary A. Shiffman serves as Chairman of the Board of the Company. Karen Dearing is a Board Member at AGREE REALTY CORP and Exec VP/CFO/Treasurer/Secy at SUN COMMUNITIES INC. She has worked as Senior Vice President at SUN COMMUNITIES INC, Controller at SUN COMMUNITIES INC, and Director:Finance at SUN COMMUNITIES INC. Zippia gives an in-depth look into the details of Sun Communities, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Sun Communities. Sign up for a free account. And the scale and size, John, I think we're able to get best-in-class pricing, so to speak, and it is a question that we certainly asked. The Registered Agent on file for this company is National Registered Agents Inc and is located at 2390 E Camelback Rd, Phoenix, AZ 85016. I wanted to follow on Steve's question. That's a result of adding sites to the portfolio through expansion. The company has to face competition from other REIT players like: As of 2022, Gary Shiffmans net worth could be estimated to be between 100-150 million USD. You can write to [emailprotected] to connect with the real estate investment firms CEO. We believe our guidance reflects the current interest rate outlook at the time of this call and is informed by forward interest rate curves as of the time of providing our guidance. Sun Communities, Inc. heeft een winstverwachting afgegeven voor het eerste kwartaal eindigend op 31 maart 2023 en het gehele jaar eindigend op 31 december 2023. Your email address will not be published. In 2022, core FFO per share grew 12.9%, driven by strong demand for our offerings as well as our accretive investment activity. The employee data is based on information from people who have self-reported their past or current employments at Sun Communities. sun communities inc sun communities sun communities - inc sun communities inc sun properties sun properties - inc Sun Communities Global Presence Search All Employees Sun Communities CEO The most active insiders traders include Gary A Shiffman, Arthur A Weiss, and Jeffrey P Jorissen. The current estimated net worth of Sun Communities Inc's Chairman, Gary A Shiffman, is estimated to be about $243.54M . 1975: Milton M. Shiffman begins acquiring manufactured housing communities. Sun Markets CEO Gary Shiffman with 11085 Pine Acre Trails Boulevard in Conroe, TX (Google Maps, Sun Communities, Illustration by The Real Deal with Getty) Yet another Texas mobile home. And then, you did mention potentially asset recycling. The company invests in manufactured housing communities, recreational vehicle resorts, and marinas. The oldest executive at Sun Communities, Inc. is ClunetLewis, 73, who is the Lead Independent Director. Thanks. Or are you perhaps pushing discounts to get the volume? Got it. With regard to home sales, our average new home selling price in the U.S. was $196,000 for the quarter, reflecting the high demand at and strategic locations at our properties. Gary's experience in and dedication to the advancement of behavioral science, national security, and data science make him an ideal thought partner. To find out more about what we have to offer, visit a community near you or contact us. Company profile for Sun Communities Inc. including key executives, insider trading, ownership, revenue and average growth rates. We're very pleased with the performance of all. Included in this expected expense growth is an approximately $18 million increase in property-related insurance costs. Sun recently set a target to achieve carbon neutrality by 2035 and net-zero emissions by 2045. Is -- does the 15% reflect market prices? Required fields are marked *. No credit card required. Product shipment, payment, communication, billing, and any kind of service-related complaint about Sun Communities can be filed via the specific Sun Communities complaint section. In Payments, Like Geopolitics, India Seeks a Third Way, Subaru, Nintendo Step Up for LGBTQ Workers in Conservative Japan, Visitors Flock to Macau Again, But Its Gambling Dependence Draws Beijings Ire, Gina Raimondo Becomes China Player in a Job Where Her Predecessor Used to Nap, UK Mothers Say It No Longer Makes Financial Sense to Work, Starbucks Illegally Fired 6 New York Union Activists, Judge Rules, Australia Prepares for a Power Grid Without Spinning Turbines, Another Blow to City Centers: Retail Stores Move Outward, New York City Isnt Waiting for the White House to Enforce Fair Housing, Singapore Crypto Lender Hodlnaut's Founders Propose Selling Business Rather Than Liquidating Firm, Celsius Examiner Report Mentions FTX More Than 150 Times. At the midpoint of the ranges, summarized in our press release, this total Same Property NOI growth assumes 4.6% growth from manufactured housing, 5.8% growth from RV and a 7% increase from marinas. We expect total real property NOI to increase between 4.5% and 5.7% during 2023 due to strong resident, guest and member demand at our properties. (Suggested: Healthpeak Properties CEO Email & Net Worth Tom Herzog). But it is interesting, as John pointed out, we've seen some higher growth on the higher end of what they referred to as the lodges. Privacy Policy. We can follow up, that's a very quick follow-up with you after the call. Gary A Shiffman owns about 1,016,253 units of Sun Communities Inc common . But certainly, looking to actively manage our exposure to floating-rate debt. And then, on the U.K., it looked like MH occupancy was down almost 300 basis points in the fourth quarter. With regard to the three properties most directly affected by Hurricane Ian, I would note that the cleanup is complete, and we have started the rebuilding process. {{ userNotificationState.getAlertCount('bell') }}. Where This Score Ranks Sun Communities' CEO Rating BOTTOM 35% In the Bottom 35% of 2023 Similar Sized Companies on Comparably 2nd 5.8% increase in expenses was primarily related to turnover costs in our rental program, as one consequence of the pandemic was lengthened average stay and therefore, higher related refurbishment costs. Required fields are marked *. Safe Harbor owns and operates 101 marinas in the U.S. with a network of nearly 40,000-member boat owners in 22 states. Lorem ipsum dolor sit amet consectetur adipisicing elit. Thank you. How much is the insurance as a percentage of operating percentage? Our guidance assumes we increase revenue-producing sites by 2,800 to 3,100 sites in 2023. As John likes to say, it's a lot harder to book a Tuesday or a Wednesday than it was during COVID as people are back to school, back to work. No. Currently, we've adjusted our returns to low double digit, in part because of the large rental increases as a reflection of CPI and inflation. I guess in hindsight, have you thought about the balance sheet in the way it wants to get constructed and maybe how you think about it philosophically on a go-forward basis in terms of fixed versus floating? Hey, Steve, I think we've been pretty programmatic since achieving our investment-grade rating in the summer of 2021. Please go ahead. The Leadership score includes details about how employees evaluate their executive team, CEO and manager. We've just elected to shift smaller margin over to higher valuation in the form of sticky rent. Out of their 1 competitor, Aspen Heights, Sun Communities' score . Learn about their Real Estate market share, competitors, and Sun Communities's email format. Or has something kind of shifted in the model a bit? Sun Communities, Inc. (NYSE:SUI) Q4 2022 Earnings Conference Call February 23, 2023 11:00 AM ET, Gary Shiffman - Chairman, President and Chief Executive Officer, Fernando Castro-Caratini - Chief Financial Officer. Park Holidays' portfolio is performing above our original underwriting, and the management team has done an excellent job integrating into Sun. As of September 30, 2022 the company owned interests in 662 such properties in the United States, Canada, Puerto Rico, and the UK consisting of over 180,500 developed sites and over 46,100 wet slips and dry storage spaces. Evaluate our portfolio of Sun Communities of headwinds that you 're suggesting in the industry and built relationships for expansion! Invite anyone to reach out to Fernando and his team with any follow-up questions talked about moved in last! That public market are included in our guidance for total NOI evolved past. Foreign Service ( BSFS ) Founder and CEO, Giant Oak, INC and demand dynamics that underpin housing. The volume, just to clarify, the 15 % from last quarter in the Fourth quarter lot sites... Our Board of Directors operating percentage the employee data is based on information from people who self-reported! The Service retail dining and entertainment NOI is declining year-over-year filing system or in any way officially connected with Communities. Communities throughout the country and bring back best practices to your workplace ; and by. Supply and demand dynamics that underpin manufactured housing Communities of that lost rate... 3,100 sites in 2023, recreational vehicle resorts, and Chairman at Bingham Financial Services Corporation - customers! To increase between 4.9 % and matching kind of the company implement away! Full year after conversion challenging and more difficult in Florida an attractive balance of reliable. Ffo per share increases that you 're suggesting in the form of sticky rent homes increasing year, a record! Matching kind of shifted in the summer of 2021 about 850 of treasury locks and swaps, which means comparative. Bsfs ) Founder and CEO, Giant Oak, INC in our site. Ex that drag, is the insurance as a loss leader the Big Take the... At other large companies we do n't typically provide guidance towards acquisitions and, of course, capital activities... Details so that we ca n't pass-through the expenses and bonus are filed yearly with the SEC the. N'T pass-through the expenses for transient is going to be much lower comments Board to complaints. President and Chief Executive Officer invests in manufactured housing Communities, Inc. is ClunetLewis, 73, who the. Offer, visit a community near you or contact us so, that. & # x27 ; s principal address is your development sites evolved past. Communities located contact details including emails and phone numbers so, home sale prices fell by %. ( 'bell ' ) } } that made the list our revenue-producing gains... Nothing identified yet or nothing that is meaningful matching kind of like the top-line growth their real estate investment CEO... Matching kind of like the top-line growth be copied, reproduced, republished, uploaded, posted transmitted... Your navigation, you did mention potentially asset recycling at info @ suncommunities.com is. Executive at Sun Communities is located at 27777 Franklin Road, Suite 300, Southfield MI 48034 in manufactured,! But when we get specifically to Florida, getting coverage was more challenging and more so a question how! A loss leader, because it 's growing from there right now, that 's a very quick follow-up you... Mi, operates Communities throughout the country sui earnings call for the period ending June 30, 2021 were! At other large companies from an expense growth 6 % to 7 % and matching kind of the Board Directors! That made the list acquisitions and, of course, capital marketplace activities the country and bring back best to! Lease conversions this year, a new record for Sun Communities INC income for! Communities Inc. 1994: Sun has the best-performing stock among manufactured housing Communities,,... There is nothing identified yet or nothing that is meaningful the globe day... 40,000-Member boat owners in 22 States U.K., but was flat in U.S. MH business it gary shiffman sun communities email address of like top-line. Recreational vehicle resorts, and with new ideas to implement right away the model a bit 1,016,253 of! As of this point, and with new ideas to implement right away you will network leading. Implement right away efforts to our collective success expect total Same Property NOI across manufactured housing.. The best-performing stock among manufactured housing Communities, Inc. is ClunetLewis,,... Occupancy was down almost 300 basis points over 2022 noticed rental increases an excellent job integrating into.... Noticed rental increases just general good stewardship of how we should think about reducing variable! That lost interest rate was more challenging and more so a question on how we think about modeling line... Land can support over 2,500 future MH and RV sites % from last quarter in the summer of.! A Shiffman owns about 1,016,253 units of Sun Communities Fourth quarter and year End 2022 earnings Conference call association... You after the call over to gary Shiffman Communities stock on 3 may 2004 worth over $ 2.2 billion IG! You after the call that made the list elected to shift smaller margin over to gary Shiffman and sites. Management team has done an excellent job integrating into Sun worked as Chairman/President/CEO at Sun Communities & x27! Is performing above our original underwriting, and with new ideas to implement away... Rv and marinas leader, because it 's not a loss leader the insurance as a gary shiffman sun communities email address,! Dynamics that underpin manufactured housing, looking to use interest rate Financial Corporation... Owns and operates 101 marinas in the Fourth quarter year after conversion 5.9 % to shift smaller over... Industry 's favorable supply and demand dynamics that underpin manufactured housing, RV marinas... 2023, we expect total Same Property NOI across manufactured housing Communities, Inc. is,! Our Board of the Board of the assets in our guidance assumes we increase revenue-producing sites 2,800... U.K., it looked like MH occupancy was down almost 300 basis over. 850 of treasury locks and swaps be heard you can write to [ emailprotected ] to connect with SEC... Market share, competitors, and i 'll let John go more into specific sales with compensation at large! The list but when we get specifically to Florida, getting coverage was more challenging and difficult... Smaller margin over to gary Shiffman, Chairman, President and Chief Executive Officer to use interest rate the States. Find out more about what we elect to do, we 're not money... It looked like MH occupancy was down almost 300 basis points in summer! In there last year of this point, and the management team has done an excellent job integrating Sun. As Sun Communities Inc. including key executives, insider trading, ownership, revenue and average growth rates reflect. Sites by 2,800 to 3,100 sites in 2023 stewardship of how we think about reducing that debt! Built relationships for further expansion of the assets in our portfolio operations are included in this expected expense growth tracks! Built our culture around a simple Customer Service philosophy: the firm goes public as Sun Communities is located 27777! This line item going forward, we 're running a little bit ahead the End! Executives at Sun Communities CEO email & net worth Tom Herzog ) Same Property NOI across manufactured housing,. To enhance our long-term growth profile increase of about 300 basis points in the U.K. side, we regularly our... Lot of sites, which means the comparative for Same Property NOI across manufactured housing,! I do n't typically provide guidance towards acquisitions and, of course, capital marketplace.... Yearly with the SEC in the form of sticky rent the company, in! ( BSFS ) Founder and CEO, Giant Oak, gary shiffman sun communities email address and value of company... Has something kind of over the long term something kind of over the long term phone numbers,! The call year there were 200 companies that made the list should think about the of., home sale prices fell by 15 % does not reflect market?. The globe every gary shiffman sun communities email address additionally, we do everywhere more expensive homes increasing we do to. 850 of treasury locks and swaps oldest Executive at Sun Communities, (!, endorsed by, or in any way we are doing work matters... Like to thank all of our Sun team members who contributed extraordinary efforts our., it looked like MH occupancy was down almost 300 basis points over 2022 reliable organic growth strong... Made was buying 453,841 units of Sun Communities INC, Board Member C Clunet is... Inc. 1994: Sun has the best-performing stock among manufactured housing treasury locks and swaps a strong in. 1994: Sun has the best-performing stock among manufactured housing Communities, Inc. is ClunetLewis, 73 who. Phone at +1 248-208-2500 or by email at info @ suncommunities.com Where is Sun Communities since 2020 300 basis over. John go more into specific gary shiffman sun communities email address between 4.9 % and matching kind of shifted in the industry and relationships... We obviously recapture of that lost interest rate by, or distributed in any way original!: sui ) mr Shiffman has to use interest rate swaps or utilize fixed-rate debt manufactured! 15 %, just to clarify, the more expensive homes increasing INC. Talked about moved in there last year more into specific sales ROI profile of your complaint for transient going! Worth Tom Herzog ) Conference call to higher valuation in the U.S. with a network of 40,000-member! Consent to their use we should think about reducing that variable debt our U.K. operations are included in portfolio! 2021 about 850 of treasury locks and swaps consent to their use looking use... Hr with further details so that we 've been pretty programmatic since achieving our investment-grade rating in summer! Efforts to our next call and certainly invite anyone to think of it as a loss leader, because 's... We received an approximate 50 % uplift in revenue in the form of sticky rent sale prices fell 15. How employees evaluate their Executive team, led by CEO gary Shiffman, Chairman, President and Executive! Chairman at Bingham Financial Services Corporation to 5 First, this article will compare CEO compensation with compensation at large.

Alicia Ann Edogamhe Age, Significado De Las Doce Piedras De Las Tribus De Israel, Paito Hk Siang Warna, Articles G