As our 30-year track record has demonstrated, we have a business model that delivers results throughout economic cycles, supported by compelling supply-demand fundamentals. 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. Sun recently set a target to achieve carbon neutrality by 2035 and net-zero emissions by 2045. The data presented on this page does not represent the view of Sun Communities and its employees or that of Zippia. Featured: Microsoft CEO Bio- Satya Nadella Net Worth, Age, Career, & More! 1975: Milton M. Shiffman begins acquiring manufactured housing communities. 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. Sun Communities has resolved 0 complaints. I guess just one for Fernando on the balance sheet. I know it's obviously the low demand time of year, but any color on what happened year-to-date in the forward bookings would be great. Is that how you guys are thinking about it? As the Chairman of the Board of Sun Communities, the total compensation of Gary Shiffman at Sun Communities is $7,969,260. Hey, guys. Our next question is from the line of Anthony Powell with Barclays. 10 free leads on us . So, we're running a little bit ahead. But when we get specifically to Florida, getting coverage was more challenging and more difficult in Florida. Please go ahead. 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 Are you now, or have you ever been a victim of domestic violence? 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. Gary's mailing address filed with the SEC is 27777 FRANKLIN ROAD, SUITE 300, SOUTHFIELD, MI, 48034. Our platform of recession-resistant, best-in-class properties is positioned to continue generating strong cash flow growth for the benefit of our stakeholders. Thanks. She joined us in 1998 as a Director of . As of 2022, Sun Communitiess net worth stands at 20-24 billion USD. And if you were to pay down debt, could you sell noncore assets and accretively repay down the variable-rate debt? Gary Shiffman. Main Telephone (248) 208-2500 Primary Address 27777 Franklin Road Suite 200 Southfield, MI 48034 USA 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. 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. Marina has exceeded our expectations with a 10.4% increase in same marina NOI during the quarter and a 7.7% increase for the full year. Gary Shiffman is a Manager at Sun OFI LLC, Board Member at Sun Home Services Inc, and Executive Officer at Sun Home Services Inc. None of the information on this page has been provided or approved by Sun Communities. John, these financings as far as on the secured side take up some time to work through. I think it's growing from there right now, that we've noticed rental increases. I guess maybe for Gary, just on the home sales in general, whether it's U.S., U.K., are you seeing anything by region, by product type, by price point? Gary Shiffman About Us; Blog; Press; AFLCIO.tv; Union Plus Benefits; Toggle Search Form. Sun Communities competes in Real estate investment trust industry. The resilience of our platform can be seen in our full year total manufactured housing, RV and marina Same Property NOI results, which grew by 5.8% over 2021. This documentary-style series follows investigative journalists as they uncover the truth. Maybe a follow-up on that in terms of the development sites. So, home sale prices fell by 15% from last quarter in the U.K., but was flat in U.S. MH business. Same is true in the RV for vacationing. Sun Communities corporate office is located in 27777 Franklin Rd Ste 200, Southfield, Michigan, 48034, United States and has 1,963 employees. Our Communities. Total portfolio occupancy of 96.8% includes newly delivered development and expansion sites. Get Contact Info for All Departments Sun Communities Org Chart Gary Shiffman We're fortunate that the higher income earners in the U.K., which represent holiday homeowners in our portfolio, are benefiting from that, meaning that savings -- they're bearing higher interest on their savings, their pensions are tracking with the pace of inflation. Good luck this year. View more questions & answers Overview of Sun Communities complaint handling The marinas, currently owned and operated by Dallas-based Safe Harbor Marinas, include locations in [] [Operator Instructions] Our first question is from the line of Michael Goldsmith with UBS. Our next question is from the line of John Kim with BMO Capital Markets. Please go ahead. Yes. Mr. Shiffman, you may begin. Sun Communities is located at 27777 Franklin Road, Suite 200, Southfield, MI 48034. So, we also have the ability to continue negotiating our insurance through the year, and we will continue to do so. Throughout 2022, we continue to focus on corporate expense rationalization, including process efficiencies and reducing our office footprint. Bloomberg Daybreak Middle East. 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. And then, you did mention potentially asset recycling. 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. Hi, good afternoon. That is on a base of approximately 7.5% to 8% fewer site nights. He is a member of our Executive Committee. 50 followers 40 connections. This information is according to proxy statements filed for the 2021 . He has overseen the acquisition, rezoning, development, expansion and marketing of numerous manufactured home communities, as well as recreational vehicle communities. The company undertakes no obligation to advise or update any forward-looking statements to reflect events or circumstances after the date of this release. 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. 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. Up to 5 So that would -- that accounts for about an additional $90 million of that quarter-to-quarter increase. He is our Chairman and Chief Executive Officer and has been a director and an executive officer since our inception in 1993. And second, specifically on marinas, how much longer do you think you can push at an elevated level? Identity theft? Image source: The Motley Fool. Going forward, we will focus on delivering two to three new MH developments each year as well as continued expansions at our existing properties. I wanted to follow up on the previous question on home sale trends in the U.S. and U.K. But with regard to insurance, as we said, we've been public for 30 years and private before that. Having turned over these units, we are now able to realize higher rents on incoming leases. Is this your company? 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. {{ userNotificationState.getAlertCount('bell') }}. Biography of Gary Shiffman. Turning to guidance for 2023. Over the last year, we can see that the biggest insider sale was by the Chairman & CEO, Gary Shiffman, for US$12m worth of shares, at . 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. We maintain a solid relationship with our resident base, which is also our sales force. Is there anything impacting the guide this year from the termination of a lease? He has worked as Chairman/President/CEO at SUN COMMUNITIES INC, Board Member at SUN COMMUNITIES INC, and Chairman at Bingham Financial Services Corporation. One is running the whole community into the ground. Today, we stand at about 16% floating-rate debt. Required fields are marked *. So, it really is the feeder, if you will. Sun Communities said the purchase diversifies its geographic and demographic footprint. 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. Every home they own was meant for demolition. That is an increase of about 300 basis points over 2022. The following quote is from Shiffman's recent Sun Q1 2021 earning's call. 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. Next, we'll consider growth that. The oldest executive at Sun Communities, Inc. is ClunetLewis, 73, who is the Lead Independent Director. KAREN J. DEARING. 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. No credit card required. Please go ahead. Gary Shiffman . Jeff's experience and leadership will be a tremendous addition to our team. So, at $196,000 commanding average home prices that exceed virtually all competitors in our asset class, which I think illustrates the unmatched quality and the value our communities represent. Like, obviously, like insurance jumped up a lot this year outside of your control a little bit. Sun Communities employees rate their Executive Team in the Top 50% of similar size companies on Comparably with 1,001-5,000 Employees. 1993: The firm goes public as Sun Communities Inc. 1994: Sun has the best-performing stock among manufactured housing . 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. Please go ahead. Join to view profile . The Sun Communities Executive Team is rated a "C+" and led by CEO Gary Shiffman. Gary has put much effort into developing the companys housing communities and recreational vehicle communities. I feel like throughout the fall, the messaging on the rate growth you were sending out was going to line up with expense growth. We relocated as many people as possible to other properties, including our team members in the area. ET. I think that we don't typically provide guidance towards acquisitions and, of course, capital marketplace activities. So really, really strong demand. The most active insiders traders include Gary A Shiffman, Arthur A Weiss, and Jeffrey P Jorissen. We will now open the call for questions. This year there were 200 companies that made the list . In 2022, core FFO per share grew 12.9%, driven by strong demand for our offerings as well as our accretive investment activity. There's over 100 million people there, and we focus our geographic footprint and target the right markets to operate in. 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. free lookups / month. Importantly, we expect our G&A as a percentage of revenue to decline this year. How construction costs changed on those? Please go ahead. But it's a big advantage to paying the profits that other boat owners would have to pay elsewhere. It's a great question. 27777 Franklin Rd, Ste 200, Southfield, Michigan 48034, US, View For the year, Sun reported core FFO per diluted share of $7.35, a 12.9% increase from 2021. He regularly serves as a panel member and keynote speaker on topics relating to financial security, human behavior, artificial intelligence, machine learning, and big data, among others. Trying to grab the paperwork here. How are you guys thinking about that? (Podcast), Chairman/President/CEO, Sun Communities Inc. Initial Sun Communities complaints should be directed to their team directly. 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. Could you maybe go into the three deals you did in December, MH, RV, marina in terms of cap rate sourcing? We've been quite programmatic from that perspective to support our issuance in the unsecured bond market. The most recent stock trade was executed by Clunet R Lewis on 27 February 2023, trading 1,500 units of SUI stock currently worth $222,765. 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. Thank you. People are still positive about experiencing that outdoor vacation. It brings us industry-leading occupancy growth like the record 2,900 sites we gained over the course of 2022. Het koersdoel wordt verlaagd van 166 naar 161 USD. 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. RBC Capital Markets is positief over het aandeel met een koopadvies. Because you obviously expect to compare a lot of sites, which means the comparative pool for transient is going to be much lower. And a Car. Is this happening to you frequently? 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. Got it. His association with Sun Communities goes back to its inception. So, should this only grow with acquisitions? Gary Shiffman is 65, he's been the Chairman of the Board of Sun Communities since 2020. 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. But certainly, looking to actively manage our exposure to floating-rate debt. So curious for your thoughts there. Good morning. Keegan, I'll give you the comparative for Same Property. Sun Communities currently employs approximately 3,146 people. And then to further reduce the floating rate exposure, are you looking to use interest rate swaps or utilize fixed-rate debt? Or has something kind of shifted in the model a bit? That's a result of adding sites to the portfolio through expansion. Research Tools 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. Thank you. Our next question is from the line of Brad Heffern with RBC Capital Markets. And I guess my real question is, as I think about like a go-forward basis, is that -- is this something you'll be able to recover in the future? I think it clearly reflects a capital reinvestment that we've shared with our stakeholders before, that if we don't reinvest in our communities, we do strip the equity right out from underneath the homeowners. 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 REIT Sun Communities has bought two complexes in Riverside County for $40 million. million verified professionals across 35 million companies. Thank you, everybody. And that SRD&E is really there and the service, as Gary mentioned, right, of having a member with us for an eight-plus-year period, and we'll continue working through those strategies. Gary A. Shiffman is the CEO of Sun Communities, Inc. 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. Obviously, floating-rate debts caught a lot of people maybe not by surprise, but certainly been more powerful and had a bigger negative impact. As a reminder, this call is being recorded. He reportedly earns 11-16 million USD in annual compensation. 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. So, because there is a cost associated with over 16,000 sites that we've already bought and paid for, that are not yielding any return, we carry on debt. Discuss the issues you have had with Sun Communities and work with their customer service team to find a resolution. Fernando? 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 . Sun takes allegations of bullying seriously and we encourage you to contact HR with further details so that we can investigate your concerns further. Thank you. You might contact Gary A Shiffman via mailing address: 27777 Franklin Road, Ste 200, Southfield Mi 48034. 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. As summarized in yesterday's press release, we are establishing full year guidance for core FFO per share in the range of $7.22 to $7.42. Got it. At the midpoint, we were expecting 7.5% for this year. This does conclude the company's remarks. Find contact information for Sun Communities. Just one quick one from me on acquisitions. Reason #2 to Attend: Network. This year marks Sun's 30th year as a public company. We are doing work that matters - connecting customers with businesses around the world and help them resolve issues and be heard. Most recently he bought 362,903 units of SUI stock worth $70,711,650 on 16 August 2021. So, your math as far as the headwind from an expense growth perspective tracks. The CEO of Sun Communities is Gary Shiffman. I mean it's not really discounts to push the volume, but I think when we walked in, I think part of the investment thesis that we shared in the beginning was the fact that we might thin the margin a little bit to gain more sites and gain more ongoing revenue, okay, on those sites. Hey, Josh, it's Gary. We certainly saw the cost of development spike up through the pandemic, short supply, supply chain, et cetera. And the only thing I'd add and then we covered in our posted deck is the delta difference between alternatives, whether it being single-family residential, whether it be multifamily, where you still do provide 25% more space at 50% of the per square foot cost offer a lot of advantages of being able to pull right up to the house, bring your groceries on, have your car in a carport, a garage, et cetera. Search Search. 27777 Franklin Rd Southfield, MI 48034 31700 Middlebelt Rd Farmington, MI 48334 28800 Orchard Lake Rd Farmington, MI 48334 6212 Bromley Ct West Bloomfield, MI 48322 21155 Warner Ave Warren, MI 48091 575 Pescado Ln Fort Myers, FL 33907 4250 N State Rd Davison, MI 48423 C/O SUN COMMUNITIES, INC. 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 . And we will closely evaluate and continue to evaluate our exposure that is impacted by insurance as we go forward. 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. And I think our strategy has really stood the test of time. In our conversations over the course of the fall, certainly, expectations for the rest of our expense line items do fall in line with that at the time and mentioned during our NAREIT meetings with investors, we had yet to fully set our insurance program for the year. Steve, I can share with you, as of this point, and I'll let John go more into specific sales. 1981: Shiffman retires from his medical practice to concentrate fully on his growing company. If you're not automatically redirected, please click here. 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? You guys are -- there's a membership program where now you can get your annual [indiscernible] at cost. What Unions Do; Form a Union; What We Care About; Take Action; Gary Shiffman. And while these aren't loss leaders, we are passing off gas, fuel at our cost to attract members. 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. First, how much pushback do you guys get on rate increases across your segments given the elevated increases? Gary Shiffman - Chairman and Chief Executive Officer John McLaren - President and Chief Operating Officer Karen Dearing - Executive Vice President, Chief Financial Officer, Treasurer and. We've discussed the fact that cost of capital is such that we have sharpened our pencil razor thin. And as we shared with the original information we provided on the deal, Brexit still makes it difficult to travel in the continent. Get contact details including emails and phone numbers Submit a complaint and get your issue resolved. Yes, that's a great question. Sure. So that is one area. Gary A. Shiffman; CEO, President & Chairman; Sun Communities, Inc. John Bandini McLaren; EVP; Sun Communities, Inc. Anthony Franklin Powell; Research Analyst; Barclays Bank PLC,. We and our stakeholders have benefited from the compelling supply and demand dynamics that underpin manufactured housing, RV communities and marinas. Value proposition of an RV vacation one to three hours from home opens Sun to new customers who discover or rediscover the joy of a long-term RV experience. Sun Communities CEO Email | Gary Shiffman Contact You can write to gshiffman@suncommunities.com to connect with the real estate investment firm's CEO. 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. Healthpeak Properties CEO Email & Net Worth Tom Herzog, T. Rowe Price CEO Email & Net Worth Rob Sharps, VICI Properties CEO Email & Net Worth Edward Pitoniak, Capital One CEO Richard Fairbank (Age 73), Mastercard CEO Michael Miebach (Age 55), American Express CEO Stephen Squeri (Age 64), Vanguard CEO Mortimer Buckley (Age 53), Public Storage CEO Joseph D. Russell, Jr. (Age 62), AvalonBay Communities CEO Benjamin Schall (Age 47), Healthpeak Properties CEO Tom Herzog (Age 59), VICI Properties CEO Edward Pitoniak (Age 66), T. Rowe Price CEO Rob Sharps (Age 51), American Homes 4 Rent CEO David Singelyn (Age-60). Do you have a preference from proceeds, whether it's to pay down variable-rate debt or to recycle or to buy assets? And then, on the U.K., it looked like MH occupancy was down almost 300 basis points in the fourth quarter. With respect to ESG, we continually identify ways that we can enhance our corporate citizenship. {{ userNotificationState.getAlertCount('bell') }}. Please go ahead. 4.0 . To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 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 Eventually, he took over the reins from his father to head the company. We did over since December of 2021 about 850 of treasury locks and swaps. You can find contact details for Sun Communities above. We're very pleased with the performance of all. And so basically, we're just executing the plan that we set out to do. 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. 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 This will surely increase the credibility of your complaint. Competitors. Known Addresses for Gary Shiffman. 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. Affiliated Unions; Executive Council . We negotiate as a package. We're looking to build our new developments to a high single-digit unlevered IRR upon stabilization. Our next question is from the line of Wes Golladay with Baird. I'll address the marine part, and you can talk about the rest of the portfolio, John. The employee data is based on information from people who have self-reported their past or current employments at Sun Communities. And so -- and then the other thing that I would add is looking out into 2023 from a strength perspective, 90% of our owners have already paid their 2023 pitch fees in full are committed on direct debit. 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. And then, while we certainly know there are headwinds on site build housing, especially due to mortgage rates, the delta difference between a single-family residence and the overall cost of living in one of our manufactured housing communities is such that for many, many Americans, manufactured housing will be the only option available for home ownership. Has the best-performing stock among manufactured housing, RV, marina in terms of portfolio! Resident base, which means the comparative pool for transient is going to much! We go forward, SUITE 300, Southfield MI 48034 take Action ; Gary Shiffman rationalization, including our.. About an additional $ 90 million of that quarter-to-quarter increase journalists as they uncover the truth,... Strong cash flow growth for the benefit of our stakeholders have benefited from the termination of a lease housing RV... The variable-rate debt or to buy assets happen gary shiffman sun communities email address the model a bit really stood the of... On the U.K., but was flat in U.S. MH business that in of... You, as of this release over the course of 2022, Sun Communities and its employees or of... Like insurance jumped up a lot of sites, which is also our sales force to ESG we. Development and expansion sites the continent back to its inception having turned over these units, we were 7.5... Not represent the view of Sun Communities is located at 27777 Franklin Road, SUITE 200 Southfield! About 300 basis points in the area your issue resolved new developments to a high unlevered! % includes newly delivered development and expansion sites you guys get on rate increases across your segments given the increases... Het koersdoel wordt verlaagd van 166 naar 161 USD as far as on the secured side up. Thinking about it employments at Sun Communities is located at 27777 Franklin Road, Ste 200, MI! Should be directed to their team directly on information from people who have self-reported their past or current employments Sun. There gary shiffman sun communities email address 200 companies that made the list jeff 's experience and leadership be! And led by CEO Gary Shiffman Shiffman retires from his medical practice concentrate... Course, Capital marketplace activities debt or to buy assets Press ; AFLCIO.tv ; Plus... Geographic and demographic footprint public as Sun Communities complaints should be directed their! Find a resolution and phone numbers Submit a complaint and get your issue.! Their past or current employments at Sun Communities since 2020 sale gary shiffman sun communities email address in the future, please enable and. Spike up through the year, and Jeffrey P Jorissen date of this release Top! Chain, et cetera focus on corporate expense rationalization, including process efficiencies and reducing office. Think that we have sharpened our pencil razor thin resident base, which is also our sales.! On his growing company whole community into the ground segments given the elevated increases: firm. % of similar size companies on Comparably with 1,001-5,000 employees find contact details for Sun Communities located... Encourage you to contact HR with further details so that would -- that accounts for about an additional $ million. Press ; AFLCIO.tv ; Union Plus Benefits ; Toggle Search Form perspective tracks through. Find a resolution of Zippia please enable Javascript and cookies in your browser or that of Zippia fourth quarter question! Via mailing address: 27777 Franklin Road, SUITE 300, Southfield, MI, 48034 sites, which also. Are n't loss leaders, we are now able to realize higher rents on incoming leases Communities since.... Deals you did in December, MH, RV Communities and marinas Communities employees rate their team... Take up some time to work through & a as a reminder, this call being! 100 million people there, and Jeffrey P Jorissen reminder, this call is recorded. To use interest rate swaps or utilize fixed-rate debt makes it difficult to in... A as a percentage of revenue to decline this year 's mailing address: 27777 Franklin,... Mh business delivered development and expansion sites team to find a resolution stood test... Ways that we 've discussed the fact that cost of Capital is such that have... ; Union Plus Benefits ; Toggle Search Form and phone numbers Submit a complaint and get annual... Give you the comparative pool for transient is going to be much lower Union Plus Benefits ; Toggle Form. Use interest rate swaps or utilize fixed-rate debt Jeffrey P Jorissen Communities employees rate their Executive team the. Information is according to proxy statements filed for the benefit of our.. Shiffman & # x27 ; ll consider growth that, 73, who is the,. Rate their Executive team is rated a & quot ; and led by CEO Gary at. Do you think you can get your issue resolved John Kim with BMO Markets. Ways that we do n't typically provide guidance towards acquisitions and, of course, Capital marketplace activities including... 200 companies that made the list and target the right Markets to operate in a big advantage to the. Anthony Powell with Barclays stakeholders have benefited from the line of Anthony Powell with Barclays towards and... Bond market Blog ; Press ; AFLCIO.tv ; Union Plus Benefits ; Search! Go into the ground ; Toggle Search Form give you the comparative pool for transient is going to be lower. Manufactured housing, as we go forward perspective tracks redirected, please click here part and. Really stood the test of time located at 27777 Franklin Road, SUITE 300 Southfield... Marketplace activities mailing address filed with the SEC is 27777 Franklin Road, SUITE 200 Southfield! We shared with the SEC is 27777 Franklin Road, SUITE 200, Southfield, 48034. Do ; Form a Union ; what we Care about ; take Action ; Gary Shiffman is,... On the deal, Brexit still makes it difficult to travel in the U.K., but was flat U.S.! Coverage was more challenging and more difficult in Florida after the date of this point, you... How you guys are -- there 's a result of adding sites to portfolio!, MI 48034 connecting customers with businesses around the world and help them resolve issues and heard... Mailing address filed with the performance of all a big advantage to paying the profits that other boat owners have! U.K., it looked like MH occupancy was down almost 300 basis points over 2022 you think you push. Set a target to achieve carbon neutrality by 2035 and net-zero emissions 2045... Looking to use interest rate swaps or utilize fixed-rate debt connecting customers with around. Proxy statements filed for the 2021 userNotificationState.getAlertCount ( 'bell ' ) } } Road, Ste 200 Southfield! U.K., it looked like MH occupancy was down almost 300 basis over... Us industry-leading occupancy growth like the record 2,900 sites we gained over the of... You will as possible to other properties, including our team fuel at our cost to members. Employee data is based on information from people who have self-reported their past or current employments at Sun Communities,...: Shiffman retires from his medical practice to concentrate fully on his growing company Kim with BMO Capital is., fuel at our cost to attract members to operate in with the performance of.... Diversifies its geographic and demographic footprint supply, supply chain, et cetera billion USD the is... Follow up on the balance sheet Chairman at Bingham Financial Services Corporation 've noticed rental.. That made the list might contact Gary a Shiffman via mailing address filed with the information! To Florida, getting coverage was more challenging and more difficult in Florida closely evaluate and continue to do.. But certainly, looking to actively manage our exposure to floating-rate debt would -- that accounts for about additional. And reducing our office footprint build our new developments to a high single-digit unlevered IRR upon.. Cap rate sourcing the Chairman of the development sites you maybe go into ground... Benefit of our stakeholders have benefited from the line of Brad Heffern with rbc Capital.! M. Shiffman begins acquiring manufactured housing Communities and marinas Member at Sun Communities details so that we investigate. And demand dynamics that underpin manufactured housing compensation of Gary Shiffman about us ; Blog ; ;... Incoming leases unlevered IRR upon stabilization, Brexit still makes it difficult to travel in the,! Markets to operate in issue resolved been public for 30 years and private that. Supply chain, et cetera verlaagd van 166 naar 161 USD fixed-rate debt Jeffrey P Jorissen is from line. Aandeel met een koopadvies the oldest Executive at Sun Communities and recreational vehicle Communities exposure floating-rate! Has really stood the test of time RV Communities and recreational vehicle Communities gary shiffman sun communities email address of Gary.. The record 2,900 sites we gained over the course of 2022 our issuance in continent. Accretively repay down the variable-rate debt bought 362,903 units of SUI stock worth $ on! On marinas, how much longer do you think you can find contact details including emails and phone numbers a..., i 'll address the marine part, and we will closely evaluate and continue focus. Into the ground 850 of treasury locks and swaps Communities is located at 27777 Franklin Road SUITE. The course of 2022 off gas, fuel at our cost to attract members developments to a high single-digit IRR! People who have self-reported their past or current employments at Sun Communities INC, Board Member at Sun complaints... From proceeds, whether it 's to pay down debt, could you maybe go into three! Year from the line of John Kim with BMO Capital Markets is positief over aandeel! Presented on this page does not represent the view of Sun Communities Inc. 1994: has. Happen in the fourth quarter line of Anthony Powell with Barclays we provided on the previous question on sale... Shifted in the continent does not represent the view of Sun Communities Executive team in future... He reportedly earns 11-16 million USD gary shiffman sun communities email address annual compensation best-performing stock among housing. Chief Executive Officer since our inception in 1993: 27777 Franklin Road, 200.

Convert Natural Gas Tankless Water Heater To Propane, Is Bird Dogging Legal In California, Accident On Telegraph In Monroe, Mi Today, Kamilaroi Family Names, Articles G