SUN HOMES (trading name, 1994-06-02 - 1999-12-31) SUN HOMES (trading name, 2000-01-13 - 2020-12-31) Agent Name GARY A. SHIFFMAN Agent Address 27777 FRANKLIN RD STE 200, SOUTHFIELD, MI, 48034 Directors / Officers. 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 Okay. Up to 5 Development is in Sun's DNA. . 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. He reportedly earns 11-16 million USD in annual compensation. Biography of Gary Shiffman. 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. Please go ahead. John, these financings as far as on the secured side take up some time to work through. Yes. So, ex that drag, is the expense growth 6% to 7% and matching kind of like the top-line growth? (Suggested: Healthpeak Properties CEO Email & Net Worth Tom Herzog). The Registered Agent on file for this company is National Registered Agents Inc and is located at 2390 E Camelback Rd, Phoenix, AZ 85016. Looking for a particular Sun Communities employee's phone or email? So, we're not running to shed assets, but we are reviewing them very, very carefully as to growth. Thank you. I wanted to follow up on the previous question on home sale trends in the U.S. and U.K. Sign-In-To-Your-Account. Operator? 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. The acquired land can support over 2,500 future MH and RV sites. As far as debt increasing into the fourth quarter of last year, some of that right, our -- we had a significant amount of deliveries of ground-up and expansion development sites. And really, that's -- I think that sort of everybody is, for lack of better words, the beneficiary of those events happening in the form of higher costs. We are actively and programmatically working on a number of strategies to continue to reduce our exposure to variable-rate debt. Your email address will not be published. The following quote is from Shiffman's recent Sun Q1 2021 earning's call. Enter employee name to find & verify emails, phones, social links, etc. The latest review Blueberry Hill Bushnell Florida was posted on Feb 20, 2023. 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. Company Overview. {{ userNotificationState.getAlertCount('bell') }}. He is our Chairman and Chief Executive Officer and has been a director and an executive officer since our inception in 1993. The proceeds were used to repay amounts on our revolving credit facility. 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. Sun Communities CEO Gary Shiffman believes that clients and employees are the greatest assets of a company. 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. And then, how are you guys thinking about the kind of payback as you kind of increase rate on the annual side? Our Communities. People are still positive about experiencing that outdoor vacation. 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. His association with Sun Communities goes back to its inception. Importantly, we expect our G&A as a percentage of revenue to decline this year. Sun Communities employees rate their Executive Team in the Top 50% of similar size companies on Comparably with 1,001-5,000 Employees. Email Formats. But certainly, as we look out at expectations from a market perspective, there's potential for 2023 to set baseline as far as interest expense and then that either becomes neutral or a tailwind heading into future years. And I think a lot of that has to do with the fact that there's higher costs for basic items, which has caused more people to holiday domestically in the U.K. rather than go to Europe. ComplaintsBoard.com is a leading complaint resolution website on the Internet. And I would remind the market, we have very manageable maturities, no looming towers over the course of the next couple of years. Sun Communities is a publicly traded real estate investment trust that invests in manufactured housing communities, recreational vehicle resorts, and marinas. Sun Communities & Sun Outdoors has been named a Top Workplace in Michigan by the Detroit Free Press! Name . 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. 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. 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? Please go ahead. Legal taxes and insurance of our Same Property portfolio represent -- are expected to represent about 10% this year. During 2022, we delivered 2,000 new expansion and greenfield development sites in North America, which was at the high end of our guidance. 176 No credit card required. Gary's mailing address filed with the SEC is 27777 FRANKLIN ROAD, SUITE 300, SOUTHFIELD, MI, 48034. Certainly with the headwinds of interest rates today, that is one big focus, Wes. Maybe first on same store revenue expectations for '23. I guess just one for Fernando on the balance sheet. He has been actively involved in the management, acquisition, construction and development of manufactured housing communities and has developed an extensive network of industry relationships over the past thirty years. And how is kind of the ROI profile of your development sites evolved the past 12 months? 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. SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIPFiled pursuant to Section 16(a) of the Securities Exchange Act . He has overseen the acquisition, rezoning, development and marketing of numerous manufactured home expansion projects, as well as other types of income producing real estate. Use this comments board to leave complaints and reviews about Sun Communities. Search over 700 Email Format Management Sun Communities Management Sun Communities employs 798 employees. Explore this wiki for details such as Sun Communities CEO email, Gary Shiffman net worth, and Sun Communities net worth. Please go ahead. So, things are rock-solid. Throughout 2022, we continue to focus on corporate expense rationalization, including process efficiencies and reducing our office footprint. Discuss the issues you have had with Sun Communities and work with their customer service team to find a resolution. And a big focus that has really been there for almost 10 years now of the conversions that we talk a lot about, it is easier to forecast when we convert a transient to an annual. We maintain a solid relationship with our resident base, which is also our sales force. Just one quick one from me on acquisitions. The most active insiders traders include Gary A Shiffman, Arthur A Weiss, and Jeffrey P Jorissen. We also did swap 400 million of our pound sterling term loan in the U.K. | 1 maart 2023 And then second part, I did see a termination income. This year there were 200 companies that made the list . The waitlist, we're now -- we now have a waitlist at 91% of our marinas. {{ userNotificationState.getAlertCount('bell') }}. Safe Harbor Marinas CEO Baxter Underwood will continue to lead the company, which will function as a subsidiary of Sun. There are 4 older and 13 younger executives at Sun Communities. 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. We prefer the stickiness of the rent over the one-time margin on the home sales. On average, Gary trades about 19,735 units every 69 days since 2003. 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. Is that how you guys are thinking about it? Gary Shiffman - Chairman, President and Chief Executive Officer John McLaren - Strategic Adviser Fernando Castro-Caratini - Chief Financial Officer Conference Call Participants Michael. Live from Dubai, connecting Asian markets to the European opens. Keegan, I'll give you the comparative for Same Property. 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. Thank you, everybody. As the Chairman of the Board of Sun Communities, the total compensation of Gary Shiffman at Sun Communities is $7,969,260. SUI earnings call for the period ending June 30, 2021. Because you obviously expect to compare a lot of sites, which means the comparative pool for transient is going to be much lower. The oldest executive at Sun Communities, Inc. is ClunetLewis, 73, who is the Lead Independent Director. 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. Sun Communities has 3,146 employees, of which 5 are in a leadership position. So, I would just point to the overall increase in insurance. 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. 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. (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 (business & personal). Pro forma for this activity, our floating-rate debt was reduced to 16% of total debt, which has now decreased from 26% as of December 31, 2020. He has been attached to the real estate investment trust from the beginning that specializes in sectors like housing communities, RV resorts, and marinas. Lorem ipsum dolor sit, amet consectetur adipisicing elit. The fourth quarter continued to show strength. Ms. Dearing has served as our Executive Vice President, Special Projects since May 2022 overseeing the integration of our UK Investments, as well as advising on other strategic initiatives. In 2023, we expect total Same Property NOI across manufactured housing, RV and marinas to increase between 4.9% and 5.9%. We did over since December of 2021 about 850 of treasury locks and swaps. Garry Shiffman, age 67, helped his father Milton M. Shiffman, who was a medical practitioner, built Sun Communities. Okay. Last updated 24 days ago. John? Gary Shiffman - Chairman and Chief Executive Officer John McLaren - President and Chief Operating Officer Karen Dearing - Executive Vice President, Chief Financial Officer, Treasurer and. What were they on the marina side, Fernando? Having said that, I would like to introduce management with us today: Gary Shiffman, Chairman, President and Chief Executive Officer; John McLaren, Strategic Adviser; and Fernando Castro-Caratini, Chief Financial Officer. And would you expect your volume of acquisitions in 2023 to be lower or higher than 2022? The Leadership score includes details about how employees evaluate their executive team, CEO and manager. Gary Shiffman is 65, he's been the Chairman of the Board of Sun Communities since 2020. You might contact Gary A Shiffman via mailing address: 27777 Franklin Road, Ste 200, Southfield Mi 48034. About Sun Communities, Inc. Sun Communities, Inc. is a REIT that, as of September 30, 2022, owned, operated, or had an interest in a portfolio of 662 developed MH, RV and Marina properties comprising over 180,500 developed sites and over 46,100 wet slips and dry storage spaces in 39 states, the United Kingdom, Canada, and Puerto Rico. 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. 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. Lastly, our Board has raised our 2023 distribution to $3.72 per share, a 5.7% increase from the prior year. 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. This review was chosen algorithmically as the most valued customer feedback. Thank you. The estimated Net Worth of Gary A Shiffman is at least $187 Million dollars as of 16 August 2021. Is that the main reason the service retail dining and entertainment NOI is declining year-over-year? There is nothing identified yet or nothing that is meaningful. (Related: T. Rowe Price CEO Email & Net Worth Rob Sharps). We're very pleased with our 2022 achievements. 1981: Shiffman retires from his medical practice to concentrate fully on his growing company. 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. 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). Turning to guidance for 2023. ComplaintsBoard.com is an independent complaint resolution platform that has been successfully voicing consumer concerns since 2004. 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. We never had a stronger balance sheet, but we're very, very focused on bringing value and growth opportunity to our shareholders. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Thank you. 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. That is on a base of approximately 7.5% to 8% fewer site nights. Here are last year's highest-paid CEOs of publicly-traded REITs, with all data provided by S&P Global Market Intelligence. 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? Got it. And I would just emphasize the point that Gary made in his answer, which is that this has a lot more to do with what events are taking place across the world, okay? 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. And this is right, once you've converted that site, you have a resident there for on average a five-or-plus year period of time. 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. Denso International America, Inc. Executives, Miami International Holdings Jobs Near Me, International Automotive Components Group North America, Inc. Jobs Near Me, Great Expressions Dental Centers Jobs Near Me, Assistant Community Manager jobs at Sun Communities, Maintenance Supervisor jobs at Sun Communities, Sales Coordinator jobs at Sun Communities, Assistant General Manager jobs at Sun Communities, Mobile Applications Developer jobs at Sun Communities, Regional Sales Vice President jobs at Sun Communities, Restaurant Server jobs at Sun Communities. One is running the whole community into the ground. 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, it's going to take a real opportunity. Gary Shiffman bought 364.42k shares over the last 12 months at an average price of US$195. 55+ Home Options; 55+ Lifestyle; 55+ Signature Communities; 55+ Signature Florida Communities; Rent a Home; Relocate a Home; Referral Program; RV Communities; About Us; Join Our Team; Investors; Acquisitions; Sun Unity; Digital Accessibility; Customer Login . Thank you. Manage Products and Account Information Support Americas +1 212 318 2000 EMEA +44 20 7330 7500 Asia Pacific +65 6212 1000 Company About Careers Diversity and Inclusion Tech At Bloomberg. 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. Search over 700 Average price was about $196,000. 4.9% growth in revenues reflected a 5% increase in weighted average monthly rent and a 180-basis point occupancy gain. We and our stakeholders have benefited from the compelling supply and demand dynamics that underpin manufactured housing, RV communities and marinas. 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. The marinas, currently owned and operated by Dallas-based Safe Harbor Marinas, include locations in [] Hey, Steve, I think we've been pretty programmatic since achieving our investment-grade rating in the summer of 2021. Looking for a particular Sun Communities employee's phone or email? He is a member of our Executive Committee. Gary A. Shiffman -- Chairman and Chief Executive Officer Good morning and thank you for joining us as we discuss our first quarter 2021 results. Next, we'll consider growth that. SUN COMMUNITIES INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. The company invests in manufactured housing communities, recreational vehicle resorts, and marinas. As of 16 August 2021 he still owns at least 940,253 units of Sun Communities stock. We've discussed the fact that cost of capital is such that we have sharpened our pencil razor thin. Musks TeslaMaster Plan Lacks Drive. Research Tools We feel it's definitely recoverable. As Chairman and Chief Executive Officer at SUN COMMUNITIES INC, Gary A. Shiffman made $13,828,288 in total compensation. You will network with leading professionals from around the country and bring back best practices to your workplace. So curious for your thoughts there. The fact that we're in Florida, Texas and California is by design. 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. Same is true in the RV for vacationing. 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. 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. Yes, that's a great question. 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? And really look forward to John's 10-year operating our communities, in particular, manufactured housing and being able to transfer that over to the 16,000-site inventory we now have to grow by. 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. 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). Comment * CFO at Sun Communities Southfield, Michigan, United States. SUN COMMUNITIES, INC. is an Arizona Business filed on October 7, 1997. Sep 30, 2020. The U.K. market for holiday parks remains highly fragmented. Thanks. Yes. One of the key factors of our business that we are able to pass on, expenses in the form of rental increases. We have been having trouble with bear at night, and we have been locked from the garbage bins and the gate we cant empty our garbage its going to be locked for four days for the holidays my husband picks up the garbage that the bear strolls out in the area, it takes him 2 minutes to pick it up we get a call Share your photos and videos with others to prove the truth of your words. 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As everyone might recall, strategically, we are always looking to convert lower-margin business over to the stickier side of rent. I think from the booking pace perspective, right now, we are trending just a little bit ahead of last year, which is great. 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. We have begun to see it decline. You can write to [emailprotected] to connect with the real estate investment firms CEO. Sun Communities' CEO, Gary Shiffman, has 32 employee ratings and a score of 64/100, placing them in the Bottom 35% of similar size companies on Comparably with 1,001-5,000 Employees. Yes, Wes, it's Gary. We relocated as many people as possible to other properties, including our team members in the area. No credit card required. Required fields are marked *. As we know, that can go up and down. Bloomberg Daybreak Middle East. Please go ahead. Safe Harbor's operating team, led by Baxter . Sun Communities, Inc. (SUI) Southfield, MI. 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. Wiki for details such as Sun Communities Southfield, MI of revenue to decline this year community into ground! 16 August 2021 time to work through Comparably with 1,001-5,000 employees review Blueberry Hill Florida. Secured side take up some time to work through traders include Gary a Shiffman is 65, &... Resorts, and marinas chosen algorithmically as the most valued customer feedback ; Sun has. Up to 5 Development is in Sun 's DNA growth 6 % to %... Stickier side of rent rent over the one-time margin on the marina,. Independent complaint gary shiffman sun communities email address platform that has been a director and an executive since! 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