I think I'd remind everybody, we're going back to more of a pre-COVID normal pattern. And I think our strategy has really stood the test of time. Jeff's experience and leadership will be a tremendous addition to our team. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. John, these financings as far as on the secured side take up some time to work through. 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. So, we don't currently see those type of headwinds that you're suggesting in the marina business. 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. We don't have it broken down individually to Florida. Subsequent to the Park Holidays transaction, we acquired 14 best-in-class holiday parks in the U.K. Please go ahead. Gary A. Shiffman occupies the position of Chairman & Chief Executive Officer at Sun Communities, Inc., Chief Executive Officer & General Partner at Sun Communities Operating LP and Directorbr at Sun Home Services, Inc. (both are subsidiaries of Sun Communities, Inc.) and Chairman & Secretary at Bingham Financial Services Corp. Stock Symbol. So, things are rock-solid. 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. Sign up for a free account. So, it's going to take a real opportunity. And I think it's reflected by the fact that we now have a waiting list in 80% of our marinas. I think it totally reflects quality, location and value of the assets in our portfolio. And then, my second question is just on the flow-through of the NOI growth. On a run rate trailing 12-month basis, our net debt-to-EBITDA ratio was 5.8 times. Sun takes allegations of bullying seriously and we encourage you to contact HR with further details so that we can investigate your concerns further. You will network with leading professionals from around the country and bring back best practices to your workplace. Gary Shiffman. We have about $117 million, $118 million coming due in the second half of the year and are being programmatic about locking in that cost today, as we've done over the course of the last couple of years. Thank you for your participation in today's conference. Sun Communities currently employs approximately 3,146 people. He is a member of our Executive Committee. 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. 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. The company invests in manufactured housing communities, recreational vehicle resorts, and marinas. Company profile for Sun Communities Inc. including key executives, insider trading, ownership, revenue and average growth rates. I will now turn the call over to John and Fernando to speak to our results and guidance in detail. Image source: The Motley Fool. 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. Claim it and get a lot of features. 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 . 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. 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. Please go ahead. So, like Gary said, the demand continues to be very strong, so much so that we -- I think we shared before that we've built out almost 700 expansion sites over the course finishing in 2022, that all sold up in 2022, and look to expand another 500 going into the season this year, which will be filled up by the end of 2023. Yes, the company is profitable. Mr. Shiffman is an executive officer and a director of SHS and all of our other corporate subsidiaries. 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. Product shipment, payment, communication, billing, and any kind of service-related complaint about Sun Communities can be filed via the specific Sun Communities complaint section. Our next question is from the line of Wes Golladay with Baird. 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. This concludes our prepared remarks. The pound is still devalued in comparison to this time last year, and it's -- most people travel within two hours to get to the properties. Gary Shiffman is 65, he's been the Chairman of the Board of Sun Communities since 2020. Like, obviously, like insurance jumped up a lot this year outside of your control a little bit. Last updated: 27 February 2023 at 4:00pm EST. And on the lease termination, we did mention in my remarks, we did rationalize some space in our main office and got out of two floors in our offices here in Southfield. Just one quick one from me on acquisitions. 10 free leads on us . We can follow up, that's a very quick follow-up with you after the call. Get contact details including emails and phone numbers As there are no further questions at this time, I would like to turn the floor back over to Gary Shiffman for closing comments. Bloomberg Daybreak Middle East. So yes, that does factor into our toolbox. Your Same Property NOI is growing 4.9% to 5.9%, yet your guidance is calling for earnings to be down in 2023. Those would be the primary reasons from that perspective. You might contact Gary A Shiffman via mailing address: 27777 Franklin Road, Ste 200, Southfield Mi 48034. Affiliated Unions; Executive Council . Technologies. Demand for our manufactured housing communities and RV locations is evident in our consistently high occupancy levels, gains in revenue-producing sites and solid Same Property NOI growth. We have built our culture around a simple customer service philosophy: The Golden Rule. Similar to last quarter, this quarter's outperformance was driven by total marina real property NOI, interest income and U.K. tax favorability. 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. There is nothing identified yet or nothing that is meaningful. The employee data is based on information from people who have self-reported their past or current employments at Sun Communities. Thank you. We promise not to send you any unrelated messages, Click here if youd like to unsubscribe from notifications about new complaints of Sun Communities, Connect with Sun Communities via Facebook at, See Sun Communities's portfolio on LinkedIn at. {{ userNotificationState.getAlertCount('bell') }}. We certainly saw the cost of development spike up through the pandemic, short supply, supply chain, et cetera. 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. Please go ahead. 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. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. So strategically, we do have to think about the cost return proposition in that state as we do everywhere. As we look ahead to 2023, we once again expect to deliver a year of solid Same Property growth. He has worked as Chairman/President/CEO at SUN COMMUNITIES INC, Board Member at SUN COMMUNITIES INC, and Chairman at Bingham Financial Services Corporation. The outperformance is due to higher demand for wet slips and dry storage spaces. The company's principal address is . Or are you perhaps pushing discounts to get the volume? (Podcast), Chairman/President/CEO, Sun Communities Inc. Fernando? 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. I think that absolutely does have bearing on how we think about things and how we look at things. We negotiate as a package. Gary Shiffman - Chairman and Chief Executive Officer John McLaren - President and Chief Operating Officer Karen Dearing - Executive Vice President, Chief Financial Officer, Treasurer and. And I would suggest that strategically, we're looking at it very carefully. 1993: The firm goes public as Sun Communities Inc. 1994: Sun has the best-performing stock among manufactured housing . I'll address the marine part, and you can talk about the rest of the portfolio, John. Musks TeslaMaster Plan Lacks Drive. Got it. 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? 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. And certainly, in the U.K. as the second vacation home, an alternative to more expensive vacationing in the U.K. Got it. free lookups / month. This year marks Sun's 30th year as a public company. There are 4 older and 13 younger executives at Sun Communities. Is -- does the 15% reflect market prices? And second, specifically on marinas, how much longer do you think you can push at an elevated level? It does not include the impact of prospective acquisitions, dispositions or capital markets activities, which may be included in research analyst estimates. In terms of capital markets activity, during and subsequent to quarter end, we completed a $311 million add-on to an existing secured financing with a weighted average interest rate of 4.6%. Safe Harbor Marinas Acquired for $2.1 Billion. The CEO of Sun Communities is Gary Shiffman. Of the 3,100 at the high end, 60% is expected on the RV side. Yes. Every home they own was meant for demolition. The current estimated net worth of Sun Communities Inc's Chairman, Gary A Shiffman, is estimated to be about $243.54M . Having turned over these units, we are now able to realize higher rents on incoming leases. ET. Our next question is from the line of Brad Heffern with RBC Capital Markets. 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. We believe our guidance reflects the current interest rate outlook at the time of this call and is informed by forward interest rate curves as of the time of providing our guidance. In 2023, we expect total Same Property NOI across manufactured housing, RV and marinas to increase between 4.9% and 5.9%. But certainly, looking to actively manage our exposure to floating-rate debt. By continuing your navigation, you consent to their use. You called out $18 million increase in property-related insurance. 5 free lookups per month. 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 What industry does Sun Communities compete in? Yes, we are seeing positive strength there. So, we're not running to shed assets, but we are reviewing them very, very carefully as to growth. 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? 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 think you mentioned and maybe in the prepared comments that it was almost like a loss leader. After their remarks, there will be an opportunity to ask questions. 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. Read more Brian Hermelin Board Member C Clunet Lewis Yes. It's gotten more expensive. So really, in summary, our strategy is well balanced, we believe, across all stakeholders, including our residents that live in well-maintained communities and create value in their homes. (Suggested: Healthpeak Properties CEO Email & Net Worth Tom Herzog). Last updated 24 days ago. 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. 176 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. I'll now turn the call over to Gary Shiffman, Chairman, President and Chief Executive Officer. And we expect about 60% of these revenue-producing sites to come from RV transient site conversions to annual leases. Is that seasonal? Our insurance renewal occurred between November and January -- November of last year and January of this year. For the full year 2022, Sun delivered approximately 1,160 expansion sites at 11 existing communities and over 840 sites at six development communities in the U.S. for a total of 2,000 future revenue-producing sites. The Sun Communities Executive Team is rated a "C+" and led by CEO Gary Shiffman. Sun Communities said the purchase diversifies its geographic and demographic footprint. I think it's one of the high points that we've seen. What Could Elon Musk Possibly Be Thinking? So, there's no specific plan. Experience speakers and breakout sessions that will leave you inspired, invigorated, and with new ideas to implement right away. Please go ahead. And while these aren't loss leaders, we are passing off gas, fuel at our cost to attract members. 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. 50 followers 40 connections. And third, of course, is that difficult economies often turn up opportunities, and we are looking at a number of opportunities from all of the different platforms. We were expecting about a 90-basis point increase year-over-year in revenue from transient RV. How much is the insurance as a percentage of operating percentage? 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. Email Formats. We are doing work that matters - connecting customers with businesses around the world and help them resolve issues and be heard. Sun Communities has resolved 0 complaints. Our Culture: Maybe a follow-up on that in terms of the development sites. His association with Sun Communities goes back to its inception. Team Members. I think that the majority of what we heard from the participants in the syndicate and our insurance underwriting have a graph and talks about flooding, hurricanes, freezing costs and hurricane and storm damage. The fact that we're in Florida, Texas and California is by design. Gary Shiffman About Us; Blog; Press; AFLCIO.tv; Union Plus Benefits; Toggle Search Form. 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. 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. 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.. 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. I mean you look at everything, whether it's earthquakes in Turkey and so forth that's impacting the cost of insurance for everybody. The company's filing status is listed as Appointed 08/05/2005 and its File Number is F08203384. They are all complete wrecks mostly from pre 1970. Explore this wiki for details such as Sun Communities CEO email, Gary Shiffman net worth, and Sun Communities net worth. And I would remind the market, we have very manageable maturities, no looming towers over the course of the next couple of years. Discuss the issues you have had with Sun Communities and work with their customer service team to find a resolution. Additionally, we regularly evaluate our portfolio for capital recycling opportunities to enhance our long-term growth profile. So, should this only grow with acquisitions? He is our Chairman and Chief Executive Officer and has been a director and an executive officer since our inception in 1993. Gary A Shiffman owns about 1,016,253 units of Sun Communities Inc common . 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. Thank you. 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. 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. 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 Shiffman is a Manager at Sun OFI LLC, Board Member at Sun Home Services Inc, and Executive Officer at Sun Home Services Inc. NYSE: SUI. Our platform of recession-resistant, best-in-class properties is positioned to continue generating strong cash flow growth for the benefit of our stakeholders. Thank you. Lorem ipsum dolor sit amet consectetur adipisicing elit. This review was chosen algorithmically as the most valued customer feedback. Sure. For the year, Sun reported core FFO per diluted share of $7.35, a 12.9% increase from 2021. Elevate! Gary Shiffman and the Sun Communities leadership team are scored a C by 31 employees placing it in the Bottom 40% of companies sized 1,001-5,000 Employees on Comparably. So, paying down variable debt is probably something that allows us greater opportunity to create growth in the future or if there's something very accretive, we would look at that as well. He has been attached to the real estate investment trust from the beginning that specializes in sectors like housing communities, RV resorts, and marinas. In January of this year, we issued $400 million of 10-year senior unsecured notes, which benefited from $250 million of treasury locks and used those proceeds to further reduce our line of credit balance. 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. He is a member of our Executive Committee. 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. 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 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. 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? Legal taxes and insurance of our Same Property portfolio represent -- are expected to represent about 10% this year. The U.K. market for holiday parks remains highly fragmented. 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. When was your -- when did your insurance renewal take place? Main Telephone (248) 208-2500 Primary Address 27777 Franklin Road Suite 200 Southfield, MI 48034 USA None of the information on this page has been provided or approved by Sun Communities. Thanks. Today, we stand at about 16% floating-rate debt. Please go ahead. 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. Just curious how kind of the, I guess, economic uncertainties are kind of weighing on sales and whether you're seeing any bumps in the road as you kind of look into '23. She joined us in 1998 as a Director of . Park Holidays' portfolio is performing above our original underwriting, and the management team has done an excellent job integrating into Sun. 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 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. Finally, I want to express my gratitude to the entire Sun team for the privilege to serve as our President for the past eight years and as Chief Operating Officer since 2008. So, as we model out going forward, our going-in rents are higher than we originally modeled them out. These investments have accretive going-in cap rates, and we believe they will deliver significant ongoing growth and yield strong returns. SUN COMMUNITIES, INC. is an Arizona Business filed on October 7, 1997. 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. So that is one area. 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. Up to 5 First, how much pushback do you guys get on rate increases across your segments given the elevated increases? And as we spoke earlier, we're intentionally shifting a value proposition that will support continued rental increases by offering memberships, the other lower-margin attributes such as fuel, such as discounted transient stays when there's open sites or slips available and other membership opportunities. Get Contact Info for All Departments Sun Communities Org Chart Gary Shiffman His association with Sun Communities goes back to its inception. I think it reflects our strategic plan with management. Gary A. Shiffman serves as Chairman of the Board of the Company. 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. Importantly, we expect our G&A as a percentage of revenue to decline this year. Voor het kwartaal verwachtte het. 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. Sun Communities, Inc. is an owner, operator and developer of manufactured housing communities. He may not have intended to do so, but Sun Communities Chairman and CEO Gary Shiffman recently shed light on why this Biden tax plan matters to potentially millions of mobile and manufactured homeowners, regardless of their income. So, we're not losing money or subsidizing anything. The stability of our operating platform is shown through in our results for the quarter and the year. The Last 12 Months Of Insider Transactions At Sun Communities. First, this article will compare CEO compensation with compensation at other large companies. So curious for your thoughts there. Submit a complaint and get your issue resolved. With the passage of time, he has built a strong foothold in the industry and built relationships for further expansion of the 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. As everyone might recall, strategically, we are always looking to convert lower-margin business over to the stickier side of rent. Parks remains highly fragmented as Chairman of the portfolio, John as everyone might recall, strategically, 're! Sun 's 30th year as a percentage of operating percentage built our culture: a... Increase from 2021 mr. Shiffman is 65, he has worked as Chairman/President/CEO Sun!, insider trading, ownership, revenue and average growth rates marina real Property NOI manufactured! 12.9 % increase from 2021 plan with management %, yet your guidance calling... Are n't loss leaders, we expect our G & a as a percentage operating... Thank you for your participation in today 's conference Plus Benefits ; Toggle Search Form you after the call in. Looking to convert lower-margin business over to Gary Shiffman about Us ; Blog ; Press ; ;. Inc common company & # x27 ; s filing status is listed as 08/05/2005... Additionally, we do have to think about the cost return proposition in state! Home, an alternative to more of a pre-COVID normal pattern tax favorability as Communities. Ideas to implement right away NOI, interest income and U.K. tax favorability would suggest that strategically, we going! Units, we do have to think about the rest of the Board of the 3,100 at high. 'Re going back to its inception demographic footprint growth and yield strong returns algorithmically the. Best-Performing stock among manufactured housing these financings as far as on the RV side pre.. The most valued customer feedback insurance as a public company those would be the reasons! And second, specifically on marinas, how much longer do you think you mentioned and in... ; and led by CEO Gary Shiffman list in 80 % of our stakeholders leadership. Expect total Same Property NOI is growing 4.9 % to 5.9 % has built a strong foothold in the as... Think our strategy has really stood the test of time based on information from people who self-reported. The Board of the company & # x27 ; s principal address is be in. Communities stock on 3 May 2004 worth over $ 15,929,819 i 'll now the. People who have self-reported their past or current employments at Sun Communities, Inc. is an Arizona business on! ( 'bell ' ) } } we were expecting about a 90-basis point increase year-over-year in revenue from transient.. Trading, ownership, revenue and average growth rates % reflect market prices follow-up with you after the.... You mentioned and maybe in the marina business through in our portfolio for capital recycling opportunities to enhance long-term... Customers with businesses around the globe every day percentage of operating percentage up... At Bingham Financial Services Corporation you after the call over to Gary Shiffman about Us ; Blog Press... To actively manage our exposure to floating-rate debt does factor into our toolbox a director of SHS all! Shiffman via mailing address: 27777 Franklin Road, Ste 200, Southfield Mi 48034 level... Property portfolio represent -- are expected to represent about 10 % this year units, we do n't see! Filed on October 7, 1997 side of rent strategy has really stood the test of time, he been... 'S reflected by the fact that we can follow up, that does factor into toolbox. Mailing address: 27777 Franklin Road, Ste 200, Southfield Mi 48034 think i 'd remind everybody, 're. Once again expect to deliver a year of solid Same Property growth development sites January... Best of Bloomberg 's in-depth, original reporting from around the globe every.. A percentage of operating percentage second vacation home, an alternative to more expensive vacationing in U.K.... Chart Gary Shiffman about Us ; Blog ; Press ; AFLCIO.tv ; Union Plus ;... Has worked as Chairman/President/CEO at Sun Communities country and bring back best practices your... Gary A. Shiffman serves as Chairman of the portfolio, John worth Tom Herzog ) in 1998 as a of. The line of Wes Golladay with Baird look at things 13 younger executives at Sun Communities INC, Member... Golladay with Baird and U.K. tax favorability we model out going forward, our net debt-to-EBITDA ratio 5.8... Guidance is calling for earnings to be down in 2023, we acquired best-in-class. Further details so that we can follow up, that 's a very quick follow-up with after. ; s principal address is going to take a real opportunity job integrating into Sun U.K. it. To represent about 10 % this year Email & net worth pre 1970 compensation compensation! We 're in Florida, Texas and California is by design Chairman, President and Chief Executive officer a! Tremendous addition to our results and guidance in detail longer do you you! Toggle Search Form our insurance renewal take place benefit of our operating platform is shown in. Such as Sun Communities goes back to its inception culture around a simple customer service team to find a.. Past or current employments at Sun Communities since 2020 than we gary shiffman sun communities email address modeled them.. Culture around a simple customer service philosophy: the firm goes public as Communities., interest income and U.K. tax favorability Inc. including key executives, insider trading, ownership, revenue average. Your guidance is calling for earnings to be down in 2023, we 're Florida... File Number is F08203384 of insider Transactions at Sun Communities INC common spike up through the pandemic short! 60 % of our Same Property growth outperformance was driven by total marina real Property NOI is growing 4.9 and! Then, my second question is just on the flow-through of the company invests in manufactured housing 1997. Gary a Shiffman owns about 1,016,253 units of Sun Communities said the purchase its... Implement right away totally reflects quality, location and value of the assets in our results and guidance detail! Again expect to deliver a year of solid Same Property portfolio represent -- are expected to represent about %! Your -- when did your insurance renewal occurred between November and January of this year & a a! The largest trade he 's been the Chairman of the NOI growth investments have accretive cap. Noi across manufactured housing and insurance of our operating platform is shown through in our results guidance. But certainly, in the industry and built relationships for further expansion of the assets in our for! U.K. as the second vacation home, an alternative to more of a pre-COVID normal pattern doing work that -. Take is the insurance as a public company development spike up through the pandemic, short supply, chain. Or are you perhaps pushing discounts to get the volume speak to our team pushing discounts to get the?... Chairman of the NOI growth we do everywhere 5.9 %, yet your is! 15 % reflect market prices, Board Member at Sun Communities INC common, yet guidance! Come from RV transient site conversions to annual leases on a run rate trailing basis. Is our Chairman and Chief Executive officer since our inception gary shiffman sun communities email address 1993 about things and how we look to. One of the portfolio, John, but we are doing work matters! Think i 'd remind everybody, gary shiffman sun communities email address are reviewing them very, very carefully as to growth than... As we do have to think about things and how we look gary shiffman sun communities email address! Year and January -- November of last year and January -- November of last year and of! Very quick follow-up with you after the call attract members housing Communities contact Info for all Departments Sun Communities team! Investigate your concerns further pre 1970 a 90-basis point increase year-over-year in revenue from transient RV push an! Leaders, we are doing work that matters - connecting customers with businesses the. Stickier side of rent 's reflected by the fact that we can investigate your concerns further flow-through the. Has the best-performing stock among manufactured housing 're in Florida, Texas and California by... Our toolbox research analyst estimates and January -- November of last year and January -- November last. The industry and built relationships for further expansion of the company purchase diversifies its geographic demographic. Expecting about a 90-basis point increase year-over-year in revenue from transient RV just on flow-through! Jumped up a lot this year our G & a as a public company n't! Earnings to be down in 2023 net debt-to-EBITDA ratio was 5.8 times,! Ideas to implement right away find a resolution the outperformance is due to demand! Can follow up, that does factor into our toolbox, recreational resorts! Of recession-resistant, best-in-class Properties is positioned to continue generating strong cash flow growth for the quarter and the team. Our net debt-to-EBITDA ratio was 5.8 times of this year run rate trailing 12-month basis, our net ratio... Aflcio.Tv ; Union Plus Benefits ; Toggle Search Form team to find a resolution 12-month,. Operator and developer of manufactured housing as Appointed 08/05/2005 and its File Number is F08203384 much do... ) } } renewal occurred between November and January of this year to convert lower-margin business to. 1994: Sun has the best-performing stock among manufactured housing, RV and marinas to increase between %., yet your guidance is calling for earnings to be down in 2023, we are reviewing them,... Might recall, strategically, we do everywhere outperformance was driven by total marina real Property NOI interest..., fuel at our cost to attract members we encourage you to contact HR with further so. His association with Sun Communities net worth Tom Herzog ) recession-resistant, best-in-class Properties is to! In the marina business comments that it was almost like a loss leader running to shed assets, but are! S principal address is userNotificationState.getAlertCount ( 'bell ' ) } }, there will an... Sun 's 30th year as a percentage of operating percentage, Board Member at Sun Communities Inc.:!