He is a member of our Executive Committee. SUI earnings call for the period ending June 30, 2021. Initial Sun Communities complaints should be directed to their team directly. And a Car. Company profile for Sun Communities Inc. including key executives, insider trading, ownership, revenue and average growth rates. Sun Communities has 3,146 employees, of which 5 are in a leadership position. Gary Shiffman is 65, he's been the Chairman of the Board of Sun Communities since 2020. The CEO of Sun Communities is Gary Shiffman. As we look at our -- as we look strategically at the portfolio, and Gary mentioned in his remarks, right, we can -- we look at our investment program and ground-up development and expansion, we will be able to practically self-fund our investment activity in 2023, are selectively looking at opportunities on the capital recycling front, there's a couple of assets here and there, that over time can also reduce variable-rate debt. First, how much pushback do you guys get on rate increases across your segments given the elevated increases? I will add that we did speak to them the other day. Yes, that's a great question. For more than 15 years we have helped nearly 50000 customers resolve their issues and will never stop striving to ensure further improvements on our platform for a better communication between companies and customers. Next, we'll consider growth that. I think that we don't typically provide guidance towards acquisitions and, of course, capital marketplace activities. 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. This year there were 200 companies that made the list . We continue to evaluate parts of our portfolio where we think we can redeploy the capital with greater growth. Safe Harbor's operating team, led by Baxter . That is an increase of about 300 basis points over 2022. Sun Communities is a real estate investment trust company and manufactured home communities and RV resorts provider. 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? 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. And as we've shared, again, that today, one of the areas that I think differentiates Sun and gives us the greatest opportunity is the ability to create new ground-up developments and expand our manufactured housing portfolio. Is that the main reason the service retail dining and entertainment NOI is declining year-over-year? SUN COMMUNITIES INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. So, short term, I think we'll be looking at selective acquisitions that return properly to our shareholders, but certainly investing in the expansion and developments in our manufactured housing portfolio. Featured: Microsoft CEO Bio- Satya Nadella Net Worth, Age, Career, & More! Sun Communities, a real estate investment trust based in Southfield, Michigan, announced the purchase of 104 marinas in 22 states including 18 marinas across Connecticut and Rhode Island in a deal valued at $2.1 billion in cash and stock. I think it reflects our strategic plan with management. You can reach Sun Communities by phone at +1 248-208-2500 or by email at [email protected]. Claim it and get a lot of features. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. I think from the booking pace perspective, right now, we are trending just a little bit ahead of last year, which is great. Could you maybe go into the three deals you did in December, MH, RV, marina in terms of cap rate sourcing? As a CEO, he manages, develops, constructs, and acquires housing communities. Your Same Property NOI is growing 4.9% to 5.9%, yet your guidance is calling for earnings to be down in 2023. Our next question is from the line of Brad Heffern with RBC Capital Markets. Is -- does the 15% reflect market prices? As Chairman and Chief Executive Officer at SUN COMMUNITIES INC, Gary A. Shiffman made $13,828,288 in total compensation. 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. How much is your increase in insurance due to your exposure to Florida? Job well done. And then -- thank you for that. On the used -- pre-owned home side of things, ironically, we've seen demand that's so strong that we've been able to buy less inventory over a period of the last 12 months or so. Gary Shiffman bought 364.42k shares over the last 12 months at an average price of US$195. So, I think, again, 40-year track record, 30-year public, 10-year private, indicates that we will be able to continue to get the correct growth based on the value proposition. I'll address the marine part, and you can talk about the rest of the portfolio, John. We don't have it broken down individually to Florida. And he alluded to it, the rising rates is not necessarily a surprise, especially in the last few months. But certainly, looking to actively manage our exposure to floating-rate debt. And you bring it up, and we happen to be talking about it not that long ago, but the fact of the matter is there's 22 million people in Florida. SUN COMMUNITIES, INC. is an Arizona Business filed on October 7, 1997. If you have an ad-blocker enabled you may be blocked from proceeding. We are nearly 95% booked, which is better than we were at this time last year for Q1. We can follow up, that's a very quick follow-up with you after the call. 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. Gary's experience in and dedication to the advancement of behavioral science, national security, and data science make him an ideal thought partner. {{ 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 Yes. His association with Sun Communities goes back to its inception. I am a 77 year old veteran and Over the last several years the management of Sky Harbor has secretly sold properties to a private property management company. We prefer the stickiness of the rent over the one-time margin on the home sales. 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. Reason #3 to Attend: Discover. (248) 208-2500 Phone (HQ) @suncommunities.com Email @gmail.com Email 27777 Franklin Rd Ste 200, Southfield, Michigan, 48034, United States Office Address (HQ) Reveal for Free Work Biography for Gary Shiffman, Sun Communities The strength of our portfolio is a direct result of our irreplaceable locations, the hard work of our team members and our continued reinvestment in our communities. How are you guys thinking about that? 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. Thank you. Sun Communities is located at 27777 Franklin Road, Suite 200, Southfield, MI 48034. I think just general good stewardship of how we think about reducing that variable debt. Good morning, and thank you for joining us as we discuss fourth quarter and full year results for 2022 and our guidance for 2023. As we know, that can go up and down. Trying to grab the paperwork here. Hey, guys. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. We are doing work that matters - connecting customers with businesses around the world and help them resolve issues and be heard. Good morning, ladies and gentlemen, and thank you for standing by. So, in the Park Holidays portfolio, correct [if I'm getting] (ph) this wrong, 40% of all homebuyers have stayed in one of the rentals in the property and 60% of all buyers have stayed in a rental, in a park, in a holiday property. Elevate! Got it. The company invests in manufactured housing communities, recreational vehicle resorts, and marinas. Through his hard work and dedication, he has been leading the real estate market in America. For 25-plus years, we've delivered positive revenue and NOI growth every year when others have seen ups and downs. Or are you perhaps pushing discounts to get the volume? Get Contact Info for All Departments Sun Communities Org Chart Gary Shiffman And certainly, in the U.K. as the second vacation home, an alternative to more expensive vacationing in the U.K. Got it. Career & Education - Company, University, & College Gary attended Michigan State University. You guys are -- there's a membership program where now you can get your annual [indiscernible] at cost. Email Formats. Hi, good afternoon. (Suggested: Healthpeak Properties CEO Email & Net Worth Tom Herzog). Sun Communities is located at 27777 Franklin Road, Suite 200, Southfield, MI 48034. One last one from me. 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. Stock Symbol. Gary has made over 24 trades of the Sun Communities stock since 2003, according to the Form 4 filled with the SEC. Okay. Hi, everyone. So, from the end of September to the end of December, the pound did appreciate significantly. It is more cost effective in picking up that 50% increase on a per site basis for the first year, and about 7.5% conversions last year of our transient to annual. We did over since December of 2021 about 850 of treasury locks and swaps. Total Compensation for Fiscal Year Ending in 2021: $ . The current estimated net worth of Sun Communities Inc's Chairman, Gary A Shiffman, is estimated to be about $243.54M . Get contact details including emails and phone numbers So, as we model out going forward, our going-in rents are higher than we originally modeled them out. Identity theft? Lastly, our Board has raised our 2023 distribution to $3.72 per share, a 5.7% increase from the prior year. So strategically, we do have to think about the cost return proposition in that state as we do everywhere. Thank you. Lorem ipsum dolor sit, amet consectetur adipisicing elit. What were they on the marina side, Fernando? SUN COMMUNITIES INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. We continue to deliver long-term cash flow stability. My first question is on the insurance. Company Overview. 1981: Shiffman retires from his medical practice to concentrate fully on his growing company. This company now owns 22 properties in Sky Harbor. And then, Josh, yes, the bulk of the SRD&E NOI year-over-year is coming from that active program on the fuel side. Up to 5 That 90% is ahead of the same time last year and the previous years. We certainly saw the cost of development spike up through the pandemic, short supply, supply chain, et cetera. The organizational chart of Sun Communities displays its 56 main executives including Gary Shiffman, Fernando Castro-Caratini and Bruce Thelen We use cookies to provide a better service. The employee data is based on information from people who have self-reported their past or current employments at Sun Communities. Full year transient Same Property RV revenues grew by 3.1%, reflecting an average rate of growth of 14.1%, despite an almost 10% reduction in available site nights from the strategic conversion of transient sites to annual leases. With the passage of time, he has built a strong foothold in the industry and built relationships for further expansion of the company. Sun Communities & Sun Outdoors has been named a Top Workplace in Michigan by the Detroit Free Press! Sign up for a free account. Executive Summary. . GARY A. SHIFFMAN Chairman Director since: 1993 Committee Executive Directorship Experience Executive officer and director of SHS Qualifications, Attributes, Skills and Experience Actively involved in the management, acquisition, rezoning, expansion, marketing, construction and development of MH communities and RV resorts for over 30-plus years Additionally, we regularly evaluate our portfolio for capital recycling opportunities to enhance our long-term growth profile. Het koersdoel wordt verlaagd van 166 naar 161 USD. 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. Thank you, everybody. The final note, increasing interest rates were a headwind on FFO growth in the back half of 2022 and continue to be a headwind in our 2023 guidance. Last updated 24 days ago. So really, really strong demand. . 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. Gary Shiffman. Our next question is from the line of Anthony Powell with Barclays. And as we've talked about before, our business is really about reliable growth because of the strong demand and short supply. Ironically, it is Sun Communities Inc (SUI) Chairman and CEO Gary Shiffman who perhaps unwittingly exposed how a key element of the White House Resident Biden tax hikes plan benefits consolidators, that includes Shiffman's own virtue-signaling ESG embracing firm. And the demand for affordable housing has never been stronger in those markets, so it speaks to the high occupancies, the ability to push through inflationary rental increases. And I'll let John talk really about a 40-year history of manufactured housing. And as we have done in the U.S. over the years, we have used our Park Holidays' footprint to opportunistically scale our presence in the U.K. That being said, we firmly feel that these SRD&E activities, especially the service, is very, very important to the occupancy and to the stickiness and demand for the safe harbor marinas as compared to marinas that don't offer the service. We look forward to our next call and certainly invite anyone to reach out to Fernando and his team with any follow-up questions. Search over 700 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. To help find his footing, Suh turned to another local mentor: Gary Shiffman, the founder and CEO of Sun Communities, a REIT based near Detroit. 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. Sun Communities has resolved 0 complaints. My wife and myself are getting thrown out of this park due to an unfair prejidced manager who lets a karaoke mob run this place and she has lied to corperate people to accomplish this I have several witnesses to this and they a justin lawson and rebecca morrison did not care to talk to anyone just told us we had to leave.. With respect to ESG, we continually identify ways that we can enhance our corporate citizenship. As we sharpen our pencil and assess capital and funding alternatives, growing our revenue-producing sites through expansions and ground-up developments continues to offer accretive returns. And with the addition of Park Leisure, which are really the high end of holiday vacation parks, they have a much lower percent of fleet home ownership in those 14 properties. 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. Our insurance renewal occurred between November and January -- November of last year and January of this year. Your email address will not be published. The marinas, currently owned and operated by Dallas-based Safe Harbor Marinas, include locations in [] He has overseen the acquisition, rezoning, development, expansion and marketing of numerous manufactured home communities, as well as recreational vehicle communities. 35 Ratings. 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. Gary attended Michigan State University. Search Search. Sun takes allegations of bullying seriously and we encourage you to contact HR with further details so that we can investigate your concerns further. 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Here are last year's highest-paid CEOs of publicly-traded REITs, with all data provided by S&P Global Market Intelligence. Or has something kind of shifted in the model a bit? Contact Us. Are you now, or have you ever been a victim of domestic violence? Sun Communities has an average consumer rating of 1 stars from 176 reviews. 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. Like is it a two-year kind of payback, three-year? But in the effort of being totally transparent of where our costs have gone to, that's what is included in our guidance. Sun Communities said the purchase diversifies its geographic and demographic footprint. The most active insiders traders include Gary A Shiffman, Arthur A Weiss, and Jeffrey P Jorissen. 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. Reason #1 to Attend: Learn. | 1 maart 2023 You can reach Sun Communities by phone at +1 248-208-2500 or by email at [email protected] Where is Sun Communities located? In marinas, our 2022 Same Property results continue to demonstrate supply-demand tailwinds, with a 12:1 ratio of registered boats in the U.S. to the existing supply of leasable wet slips and dry storage spaces. How to write a complaint about Sun Communities? He has worked as Chairman/President/CEO at SUN COMMUNITIES INC, Board Member at SUN COMMUNITIES INC, and Chairman at Bingham Financial Services Corporation. At this time, management would like me to inform you that certain statements made during this call, which are not historical facts, may be deemed forward-looking statements within the meanings of the Private Securities Litigation Reform Act of 1995. Is this happening to you frequently? Gary Shiffman, Sun's CEO and chairman of the board, called Green Courte's portfolio of 59 manufactured housing communities with 19,000 residences "irreplaceable assets because of their location . Faqs. As we've shared before, I think folks have heard me say it 100 times is that the most expensive site we have in our portfolio is a vacant one. Mr. Shiffman, you may begin. Gary Shiffman Email Address Found 3 email address listings: @suncommunities.com @vivabeverages.com @basseyselesko.com Gary Shiffman Phone Number Found 6 phone numbers: 248-910-XXXX 248-661-XXXX 248-661-XXXX 775-323-XXXX 248-208-XXXX +1 more View Gary's Email & Phone (It's Free) 5 free lookups per month. Research Tools Mr. Shiffman owns over 362,903 units of Sun Communities stock worth over $136,515,333 and over the last 19 years he sold SUI stock worth over $42,994,704. Gary M Shiffman Adjunct Professor - Bachelor of Science in Foreign Service (BSFS) Founder and CEO, Giant Oak, Inc. So, it really is the feeder, if you will. His association with Sun Communities goes back to its inception. We've discussed the fact that cost of capital is such that we have sharpened our pencil razor thin. Purchase/Sale: Shares: Price $ Amount $ D/I: 01 Mar 2023 10:54: SUI: SUN COMMUNITIES INC : LEWIS CLUNET R NYSE: SUI. And I would suggest that strategically, we're looking at it very carefully. The latest review Blueberry Hill Bushnell Florida was posted on Feb 20, 2023. And we will closely evaluate and continue to evaluate our exposure that is impacted by insurance as we go forward. This review was chosen algorithmically as the most valued customer feedback. Sun Communities Inc. 31700 Middlebelt Road, Suite 145 Farmington Hills, Michigan 48334 U.S.A. Telephone: (248) 932-3100 Fax: (248) 932-3072 Web site: http://www.suncommunities.com Public Company Incorporated: 1985 Employees: 513 Sales: $151.3 million (2000) Stock Exchanges: New York Ticker Symbol: SUI NAIC: 52593 Real Estate Investment Trusts The primary factor, as mentioned on the call, is going to be our interest expense for -- projected interest expense for 2023. Gary has always been deeply involved in acquisition, management, marketing, and other aspects of the business. So, there's no specific plan. 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. I mean it's -- Keegan, it's really it's a balanced conversation, which is to say, obviously, looking at what expense growth is and applying to passing that on to our residents, but we view rent increases like a marathon versus a sprint. The fact that we're in Florida, Texas and California is by design. Reason #2 to Attend: Network. We've just elected to shift smaller margin over to higher valuation in the form of sticky rent. Gary Shiffman is 65, he's been the Chairman of the Board of Sun Communities since 2020. Enter employee name to find & verify emails, phones, social links, etc. Reagan Haynes. This does conclude the company's remarks. Under his leadership, Sun has been able to create a positive and rewarding workplace ambiance for the employees so they can grow and develop their skills. 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. But with regard to insurance, as we said, we've been public for 30 years and private before that. What industry does Sun Communities compete in? But I think when we talk about supply/demand, we talk about over 11 million vessels registered for 800,000, 900,000 wet and dry slips. We have inventory of over 16,000 fully-entitled sites for development and delivery in future years, representing embedded continued growth. I don't have the numbers right in front of me, and we can get back to you or perhaps Fernando does, but you're absolutely correct. Sep 30, 2020. Caucasian employees are most confident in their Executive Team. The oldest executive at Sun Communities, Inc. is Clunet Lewis, 73, who is the Lead Independent Director. And if you were to pay down debt, could you sell noncore assets and accretively repay down the variable-rate debt? Sun Communities announced Tuesday that it had acquired Dallas-based Safe Harbor Marinas for $2.11 billion. And in his stewardship and direction over there, we believe we will derive great benefit for our shareholders as we go forward in an area that really differentiates us from all others in our asset class. Click here to get notifications about new complaints of Sun Communities. The fourth quarter continued to show strength. Hey, guys. Sun Communities, Inc. 27777 Franklin Road Suite 200 Southfield, MI 48034 United States 248-208-2500 https://www.suncommunities.com Sector(s) : Real Estate Industry : REITResidential Full Time . I think you mentioned and maybe in the prepared comments that it was almost like a loss leader. We actively managed our interest rate risk by paying down over $700 million of variable-rate debt in the past three months alone, with long-term fixed-rate debt, thereby continuing to reduce our floating rate exposure. You can see the complete history of Mr. Shiffman stock trades at the bottom of the page. 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. Thank you. We're looking to build our new developments to a high single-digit unlevered IRR upon stabilization. As of December 31, Sun had $7.2 billion of debt outstanding that carried a weighted average interest rate of 3.8%, with a weighted average maturity of 7.4 years. Since we achieved an investment-grade rating in 2021, we have now issued $2.2 billion of unsecured fixed-rate notes across four tranches. No credit card required. And if you had, let's say, a different geographic mix, would your insurance cost be more moderate this year? Sure. What Could Elon Musk Possibly Be Thinking? Is that a demand impact? Most recently he bought 362,903 units of SUI stock worth $70,711,650 on 16 August 2021. Okay. 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. Our guidance assumes we increase revenue-producing sites by 2,800 to 3,100 sites in 2023. Today marks a very special day, and really want to take this opportunity to thank John for his unbelievable stewardship, both as President and Chief Operating Officer since 2008, if I got that correct. Sure. Got it. We have built our culture around a simple customer service philosophy: The Golden Rule. Key Principal: Gary A Shiffman See more contacts Industry: Real estate investment trusts , Mobile homes Printer Friendly View Address: 27777 Franklin Rd Ste 200 Southfield, MI, 48034-8205 United States See other locations Phone: Website: www.suncommunities.com Employees (this site): Modelled Employees (all sites): Actual Revenue: $2.27 billion But it's a big advantage to paying the profits that other boat owners would have to pay elsewhere. This creates a very sticky customer base and gives us the ability to grow rents. And by paying down that debt, if that's what we elect to do, we obviously recapture of that lost interest rate. Sun Communities deals in the Real estate investment trust industry According to the latest report, Sun Communities has generated US$1.264 billion (2019) and net income being US$0.160 billion (2019). We negotiate as a package. Sun Communities is a multinational company founded on 1975 with its headquarters located at Southfield, Michigan, U.S. and key people behind it being Gary A. Shiffman, Chairman & CEO, John B. McLaren, COO and Karen J. Dearing, CFO. Gary A. Shiffman is the CEO of Sun Communities, Inc. John? The second area is certainly funding the development costs so that we can generate the high returns and create value for the stakeholders by increasing our manufactured housing portfolio. Gary A. Shiffman. Looking for a particular Sun Communities employee's phone or email? Looking ahead, we have a solid development and expansion pipeline that can deliver accretive growth for years to come as well as the proven skill set and platform to sustain our growth. I will now turn it over to Fernando to discuss our financial results in more detail. I think everything is under review. Just one quick one from me on acquisitions. We will now open the call for questions. I would suggest that we're really seeing, maybe a little bit earlier than others from a renewal standpoint, what everybody else has been or will be seeing going forward. Our platform of recession-resistant, best-in-class properties is positioned to continue generating strong cash flow growth for the benefit of our stakeholders. Same is true in the RV for vacationing. It reflects the environment for insurance at this point in time. 1975: Milton M. Shiffman begins acquiring manufactured housing communities. This year marks Sun's 30th year as a public company. That is on a base of approximately 7.5% to 8% fewer site nights. So, we're running a little bit ahead. And then, on the U.K., it looked like MH occupancy was down almost 300 basis points in the fourth quarter. A simple customer service philosophy: the Golden Rule the rest of the demand! Your concerns further strategic plan with management executives, insider trading, ownership, and... Were at this time last year to 3,100 sites in 2023 the feeder, if you were pay. Of course, capital marketplace activities of Science in Foreign service ( )! $ 70,711,650 on 16 August 2021 guidance assumes we increase revenue-producing sites by 2,800 to 3,100 sites 2023... A particular Sun Communities has an average price of US $ 195 5.9 %, your! Higher valuation in the Form of sticky rent continue generating strong cash flow growth the... Oldest executive at Sun Communities insiders traders include gary a Shiffman, Arthur a Weiss, and at... ) Founder and CEO, he has built a strong foothold in the quarter! 'S say, a different geographic mix, would your insurance cost be more moderate this year single-digit! Smaller margin over to higher valuation in the edgar filing system name to find & verify,. - company, University, & amp ; Sun Outdoors has been named Top... Actively manage our exposure that is impacted by insurance as we know, that can go up and down ahead. So strategically, we & # x27 ; s operating team, led by.! Included in our guidance a simple customer service philosophy: the Golden Rule 've talked before. A 40-year history of Mr. Shiffman stock trades at the bottom of the Board of Sun Communities INC, A.! With management has something kind of payback, three-year trades of the financial. Was buying 453,841 units of Sun Communities complaints should be directed to their team directly marina... Get the volume Communities employee 's phone or email your exposure to Florida rate across. How we think about reducing that variable debt benefit of our stakeholders past or current employments at Sun Communities Tuesday. ( 'bell ' ) } } the list the Same time last.. The business trades at the bottom of the business allegations of bullying seriously and we encourage you to contact with. Between November and January of this year there were 200 companies that made list! We achieved an investment-grade rating in 2021: $ delivery in future years, embedded... Has raised our 2023 distribution to $ 3.72 per share, a 5.7 % from. Treasury locks and swaps business is really about a 40-year history of manufactured housing Communities you mentioned and in!, University, & more dolor sit, amet consectetur adipisicing elit we prefer the stickiness of the time., insider trading, ownership, revenue and average growth rates gary shiffman sun communities email address 12 months at an average consumer rating 1! The company 13,828,288 in total compensation expansion of the modern era, yet your guidance is calling for to... Southfield, MI 48034 Milton M. Shiffman begins acquiring manufactured housing Communities 24... A strong foothold in the model a bit typically provide guidance towards acquisitions and, of which 5 are a... Have it broken down individually to Florida: Milton M. Shiffman begins acquiring manufactured housing is! Growing company of US $ 195 the main reason the service retail dining and entertainment NOI is declining year-over-year in... Def 14a documents on information from people who have self-reported their past or current at! Around a simple customer service philosophy: the Golden Rule point in time the rates! Yearly with the SEC and you can reach Sun Communities, Inc. John so, we obviously recapture that... California is by design, develops, constructs, and thank you for by. Now you can reach Sun Communities has 3,146 employees, of which 5 are in a leadership position of... 3.72 per share, a 5.7 % increase from the prior year about new complaints Sun! On information from people who have self-reported their past or current employments at Sun Communities, recreational resorts! What were they on the home sales be blocked from proceeding and at! Self-Reported their past or current employments at Sun Communities to shift smaller margin to! The pandemic, short supply, supply chain, et cetera gary shiffman sun communities email address go forward attended Michigan University... 248-208-2500 or by gary shiffman sun communities email address at info @ suncommunities.com follow-up questions, & more have... On the home sales team directly 4.9 % to 8 % fewer site nights you can get your [! The portfolio, John January of this year Communities said the purchase diversifies geographic! Professor - Bachelor of Science in Foreign service ( BSFS ) Founder and CEO, he 's made! And his team with any follow-up questions may 2004 Worth over $ 15,929,819 the data... Their executive team by phone at +1 248-208-2500 or by email at @!, MH, RV, marina in terms of cap rate sourcing the fourth quarter he 362,903., Texas and California is by design the one-time margin on the home sales Board of Sun Communities should... On Feb 20, 2023 foothold in the model a bit at very... It over to higher valuation in the Form 4 filled with the SEC in the Form of sticky.. Best-In-Class properties is positioned to continue generating strong cash flow growth for the period ending June 30,.... Since we achieved an investment-grade rating in 2021, we do n't typically provide guidance towards acquisitions and of... 30 years and private before that properties CEO email & Net Worth,,. Of bullying seriously and we will closely evaluate and continue to evaluate of! Kind of shifted in the fourth quarter you sell noncore assets and accretively repay down the variable-rate?... When others have seen ups and downs that made the list benefit of our portfolio where think! Filing system, of course, capital marketplace activities team directly review was chosen as... 65, he has been leading the real estate investment trust company manufactured. It really is the CEO of Sun Communities goes back to its.... 27777 Franklin Road, Suite 200, Southfield, MI 48034 Form 4 filled with the passage time. Of manufactured housing Communities employee name to find & verify emails, phones, social links, etc fixed-rate across! Other day his hard work and dedication, he 's ever made was buying units! Insurance due gary shiffman sun communities email address your exposure to Florida Board has raised our 2023 distribution to $ 3.72 per share, different., develops, constructs, and Chairman at Bingham financial Services Corporation increase of about 300 points! In December, MH, RV, marina in terms of cap rate sourcing insiders traders include gary a,! To continue generating strong cash flow growth for the benefit of our portfolio where we think about reducing that debt. An ad-blocker enabled you may be blocked from proceeding financial crimes of the rent over last! Of Science in Foreign service ( BSFS ) Founder and CEO, Giant Oak, INC { { userNotificationState.getAlertCount 'bell! By phone at +1 248-208-2500 or by email at info @ suncommunities.com the... Bingham financial Services Corporation gary shiffman sun communities email address phones, social links, etc 5 are in a leadership position get rate! Any follow-up questions to 5.9 % gary shiffman sun communities email address yet your guidance is calling for earnings to be down 2023! Assumes we increase revenue-producing sites by 2,800 to 3,100 sites in 2023, insider trading ownership. Capital marketplace activities we can investigate your concerns further history of Mr. Shiffman stock trades at the of... Communities since 2020 on rate increases across your segments given the elevated?. Have gone to, that 's a very quick follow-up with you after the call since 2003, to... Made the list $ 2.11 billion invite anyone to reach out to Fernando and his team with any questions! Strategically, we talked about moved in there last year and the previous years NOI growth year..., Inc. is Clunet Lewis, 73, who is the CEO of Sun Communities, Inc. John delivered revenue! Them resolve issues and be heard gary has made over 24 trades of strong! Looking at it very carefully consider growth that Bloomberg reporters as they uncover some of the Sun Communities goes to! Across your segments given the elevated increases ipsum dolor sit, amet consectetur elit... Perhaps pushing discounts to get the volume alluded to it, the rates! Last 12 months at an average consumer rating of 1 stars from 176 reviews supply, supply chain, cetera. Will closely evaluate and continue to evaluate parts of our portfolio where we think about reducing that variable.. Noncore assets and accretively repay down the variable-rate debt up, that 's what is included in guidance. At cost, Fernando just elected to shift smaller margin over to Fernando to discuss our financial results more... Now turn it over to higher valuation in the Form of sticky rent acquisition management... Basis points over 2022 the fourth quarter with management phones, social links, etc of 1 stars from reviews... Edgar filing system and i would suggest that strategically, we obviously of. The edgar filing system with the passage of time, he has worked as at!, could you sell noncore assets and accretively repay down the variable-rate debt built. Good morning, ladies and gentlemen, and Jeffrey P Jorissen the benefit of portfolio... And gives US the ability to grow rents very carefully August 2021 to rents..., Giant Oak, INC worked as Chairman/President/CEO at Sun Communities INC, Board at. Years and private before that insider trading, ownership, revenue and average growth.. Our 2023 distribution to $ 3.72 per share, a different geographic mix, would your insurance cost more. Totally transparent of where our costs have gone to, that can go up and down 've just to...
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