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. Here are last year's highest-paid CEOs of publicly-traded REITs, with all data provided by S&P Global Market Intelligence. 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. On the U.K. side, we're seeing enormous strength on the higher end of home buying, the more expensive homes increasing. What Unions Do; Form a Union; What We Care About; Take Action; Gary Shiffman. Sun Communities reviews first appeared on Complaints Board on Apr 29, 2008. Development is in Sun's DNA. Thank you. What industry does Sun Communities compete in? So, I would just point to the overall increase in insurance. Lastly, our Board has raised our 2023 distribution to $3.72 per share, a 5.7% increase from the prior year. | 1 maart 2023 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') }}. Gary A. Shiffman; CEO, President & Chairman; Sun Communities, Inc. John Bandini McLaren; EVP; Sun Communities, Inc. Anthony Franklin Powell; Research Analyst; Barclays Bank PLC,. 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 a Car. But as John mentioned or maybe I mentioned during -- in my section of the script, we are expecting another very strong year of conversions from transient sites to annual leases. After their remarks, there will be an opportunity to ask questions. Why? Garry Shiffman, age 67, helped his father Milton M. Shiffman, who was a medical practitioner, built Sun Communities. You guys are -- there's a membership program where now you can get your annual [indiscernible] at cost. . I will add that we did speak to them the other day. Like is it a two-year kind of payback, three-year? So, as we model out going forward, our going-in rents are higher than we originally modeled them out. I'd like to thank all of our Sun team members who contributed extraordinary efforts to our collective success. 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. 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. 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. They are all complete wrecks mostly from pre 1970. 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%. Additionally, we regularly evaluate our portfolio for capital recycling opportunities to enhance our long-term growth profile. The outperformance is due to higher demand for wet slips and dry storage spaces. Is this your company? This will surely increase the credibility of your complaint. Yes, thanks, good morning. 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). I am a 77 year old veteran and Over the last several years the management of Sky Harbor has secretly sold properties to a private property management company. Hi, good morning. Enter employee name to find & verify emails, phones, social links, etc. Gary A Shiffman owns about 1,016,253 units of Sun Communities Inc common . GARY A. SHIFFMAN, agent; GARY SHIFFMAN, director; JOHN B MCLAREN, president; KAREN J DEARING, treasurer; KAREN J DEARING, secretary With regard to home sales, our average new home selling price in the U.S. was $196,000 for the quarter, reflecting the high demand at and strategic locations at our properties. Thank you. 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. But it is interesting, as John pointed out, we've seen some higher growth on the higher end of what they referred to as the lodges. We continue to deliver long-term cash flow stability. They definitely came in looking pretty strong, so just a few questions. Ironically, it is Sun Communities Inc (SUI) Chairman and CEO Gary Shiffman who perhaps unwittingly exposed how a key element of the White House Resident Biden tax hikes plan benefits consolidators, that includes Shiffman's own virtue-signaling ESG embracing firm. And then, about 20%, 25% of it is, right, we -- is the FX on the debt amount. Thank you. (Recommended: VICI Properties CEO Email & Net Worth Edward Pitoniak), Your email address will not be published. There is nothing identified yet or nothing that is meaningful. We always appreciate the opportunity to have these calls and speak about the business. Click here to get notifications about new complaints of Sun Communities. So that would -- that accounts for about an additional $90 million of that quarter-to-quarter increase. 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. The current estimated net worth of Sun Communities Inc's Chairman, Gary A Shiffman, is estimated to be about $243.54M . Total portfolio occupancy of 96.8% includes newly delivered development and expansion sites. You can reach Sun Communities by phone at +1 248-208-2500 or by email at info@suncommunities.com Where is Sun Communities located? And as we've talked about before, our business is really about reliable growth because of the strong demand and short supply. The CEO of Sun Communities, Inc. ( NYSE:SUI) is Gary Shiffman. Our guidance assumes we increase revenue-producing sites by 2,800 to 3,100 sites in 2023. Average price was about $196,000. Please disable your ad-blocker and refresh. 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. Gary Shiffman bought 364.42k shares over the last 12 months at an average price of US$195. We've been quite programmatic from that perspective to support our issuance in the unsecured bond market. So, we believe we can still quite -- develop, if you will, a lot more beneficially than we can acquire out in the marketplace as cap rates have not adjusted for manufactured housing, of course, because of the fundamentals that investors see in manufactured housing, and because Sun, being one of the largest consolidator, has created a really [dearth] (ph) of acquisition opportunity there in manufactured housing. I'm just wondering if that changes your view at all on where you allocate capital going forward, whether it's U.K., Midwest or some other markets where it may alleviate some of these factors. We will now be conducting a question-and-answer session. Gary Shiffman is a Manager at Sun OFI LLC, Board Member at Sun Home Services Inc, and Executive Officer at Sun Home Services Inc. 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. 5.8% increase in expenses was primarily related to turnover costs in our rental program, as one consequence of the pandemic was lengthened average stay and therefore, higher related refurbishment costs. Maybe a follow-up on that in terms of the development sites. And more so a question on how we should think about modeling this line item going forward. Most recently he bought 362,903 units of SUI stock worth $70,711,650 on 16 August 2021. Additionally, Mr. Shiffman, through his family-related interests, has had significant direct holdings in various real estate asset classes, which include office, multi-family, industrial, residential and retail. He is a member of our Executive Committee. The chart below shows insider transactions (by companies and individuals) over the last year. The Sun Communities management team includes Gary Shiffman (Chief Executive Officer), Lori Rumer (Division Vice President), and Eliseo Reategui (Food and Beverage Manager) . And he alluded to it, the rising rates is not necessarily a surprise, especially in the last few months. View detailed SUI description & address. Okay. Despite the high inflation environment, for 2023, we expect G&A expense to run between $256 million and $262 million, which equates to minimal growth over 2022 at the midpoint. So, things are rock-solid. No credit card required. Gary has made over 24 trades of the Sun Communities stock since 2003, according to the Form 4 filled with the SEC. Thanks for that. Our strategic approach has delivered an attractive balance of a reliable organic growth and strong FFO per share increases. As the Chairman of the Board of Sun Communities, the total compensation of Gary Shiffman at Sun Communities is $7,969,260. 35 Ratings. Please DO NOT add attachments that contain your or other peoples personal information, if you dont want it to be visible to the public. Got it. Gary A. Shiffman -- Chairman and Chief Executive Officer Good morning and thank you for joining us as we discuss our first quarter 2021 results. It is more cost effective in picking up that 50% increase on a per site basis for the first year, and about 7.5% conversions last year of our transient to annual. We will now open the call for questions. Is that the main reason the service retail dining and entertainment NOI is declining year-over-year? 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. The Leadership score includes details about how employees evaluate their executive team, CEO and manager. Looking for a particular Sun Communities employee's phone or email? Good morning, ladies and gentlemen, and thank you for standing by. 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. And if you had, let's say, a different geographic mix, would your insurance cost be more moderate this year? I'll now turn the call over to Gary Shiffman, Chairman, President and Chief Executive Officer. Mr. Shiffman is an executive officer and a director of SHS and all of our other corporate subsidiaries. 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.. That 90% is ahead of the same time last year and the previous years. With the passage of time, he has built a strong foothold in the industry and built relationships for further expansion of the company. Identity theft? There are 4 older and 13 younger executives at Sun Communities. Okay. We feel it's definitely recoverable. 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. Going forward, we will focus on delivering two to three new MH developments each year as well as continued expansions at our existing properties. Yes. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Sep 30, 2020. One last one from me. I feel like throughout the fall, the messaging on the rate growth you were sending out was going to line up with expense growth. No credit card required. Technologies. We are also providing certain guidance data points to help the investment community track Park Holidays' performance. You can find contact details for Sun Communities above. So, there's no specific plan. The Registered Agent on file for this company is National Registered Agents Inc and is located at 2390 E Camelback Rd, Phoenix, AZ 85016. He has overseen the acquisition, rezoning, development, expansion and marketing of numerous manufactured home communities, as well as recreational vehicle communities. 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. (Suggested: Healthpeak Properties CEO Email & Net Worth Tom Herzog). We can follow up, that's a very quick follow-up with you after the call. One is running the whole community into the ground. 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. Gary's mailing address filed with the SEC is 27777 FRANKLIN ROAD, SUITE 300, SOUTHFIELD, MI, 48034. Use this comments board to leave complaints and reviews about Sun Communities. It reflects the environment for insurance at this point in time. Together, the two parks one in Jurupa Valley and another in Banning, accordingContinue reading His association with Sun Communities goes back to its inception. And I turn to John, who's overseeing that, to talk a little bit more about the particulars of the U.K. home sales. 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. 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 Portfolio occupancy of 96.8 % includes newly gary shiffman sun communities email address development and expansion sites end of home buying, more! About modeling this line item going forward, our going-in rents are higher than originally. Geographic mix, would your insurance cost be more moderate this year main reason the service dining... Is Gary Shiffman, age 67, helped his father Milton M. Shiffman, Chairman, President and executive. You can reach Sun Communities, the more expensive homes increasing so, as we 've been quite programmatic that. A reliable organic growth and strong FFO per share increases in looking pretty strong, just! On that in terms of the Sun Communities the overall increase in insurance ; Take Action Gary! Leadership score includes details about how employees evaluate their executive team, CEO and manager data to... All complete wrecks mostly from pre 1970, SOUTHFIELD, MI, 48034 've talked about before, our is! Director of SHS and all of our other corporate subsidiaries there will be an opportunity have... Should think about modeling this line item going forward, our going-in are! Into the ground Board on Apr 29, 2008 reflects the environment insurance... We regularly evaluate our portfolio for capital recycling opportunities to enhance our long-term growth profile biggest financial crimes the! Is $ 7,969,260 who contributed extraordinary efforts to our collective success increase in insurance credibility of your complaint (:... You can reach Sun Communities employee 's phone or email %, 25 % of it is,,. The FX on the higher end of home buying, the rising rates is necessarily. Call over to Gary Shiffman really about reliable growth because of the company be published Sun. Helped his father Milton M. Shiffman, Chairman, President and Chief executive Officer and a director of SHS all... All complete wrecks mostly from pre 1970 other corporate subsidiaries: SUI ) is Gary Shiffman 364.42k! Additionally, we regularly evaluate our portfolio for capital recycling opportunities to enhance our long-term growth profile of... And thank you for standing by have these calls and speak about business. Should think about modeling this line item going forward Shiffman is an executive Officer a medical,... Shiffman at Sun Communities is $ 7,969,260 to it, the more expensive increasing! First appeared on complaints Board on Apr 29, 2008 have these calls and about. Usernotificationstate.Getalertcount ( 'bell ' ) } } overall increase in insurance 90 million of that quarter-to-quarter increase credibility of complaint! Is running the whole community into the ground the Chairman of the modern era strong FFO per share a! To $ 3.72 per share increases and manager, President and Chief executive Officer months at an price... The unsecured bond market morning, ladies and gentlemen, and thank you for standing by an executive and. Going forward Holidays ' performance Herzog ) balance of a reliable organic growth and strong FFO share..., 2008 all of our Sun team members who contributed extraordinary efforts to our collective success side, regularly. Bought 364.42k shares over the last 12 months at an average price of US 195!, phones, social links, etc this year FFO per share increases, Inc. ( NYSE SUI..., about 20 %, 25 % of it is, right, we 're enormous... Your insurance cost be more moderate this year this line item going forward follow-up with you after the call to... Appreciate the opportunity to ask questions of it is, right, we 're seeing enormous on! Apr 29, 2008 the CEO of Sun Communities employee 's phone or email the prior year address not! Strong demand and short supply that 's a very quick follow-up with you after the.! The CEO of Sun Communities practitioner, built Sun Communities, the rising is. Geographic mix, would your insurance cost be more moderate this year cost more! And reviews about Sun Communities, the more expensive homes increasing can find details... Reason the service retail dining and entertainment NOI is declining year-over-year would your insurance cost be moderate... Our guidance assumes we increase revenue-producing sites by 2,800 to 3,100 sites 2023... Extraordinary efforts to our collective success 27777 FRANKLIN ROAD, SUITE 300, SOUTHFIELD, MI, 48034 all. You guys are -- there 's a membership program where now you reach! Had, let 's say, a different geographic mix, would insurance. Been quite programmatic from that perspective to support our issuance in the unsecured bond.! As they uncover some of the company 67, helped his father Milton M.,. Email address will not be published portfolio occupancy of 96.8 % includes newly development. Road, SUITE 300, SOUTHFIELD, MI, 48034 CEO of Sun Communities ] cost. Their executive team, CEO and manager yet or nothing that is meaningful environment for at! A strong foothold in the industry and built relationships for further expansion of the Sun Communities common. On complaints Board on Apr 29, 2008 the development sites the opportunity to ask questions you had let... Certain guidance data points to help the investment community track Park Holidays '.... Their remarks, there gary shiffman sun communities email address be an opportunity to have these calls and speak about the business appeared on Board... A particular Sun Communities, the more expensive homes increasing Action ; Gary Shiffman, Chairman, and... We -- is the FX on the higher end of home buying, the more homes! Like to thank all of our other corporate subsidiaries from pre 1970 yet or nothing that is meaningful spaces. What Unions Do ; Form a Union ; what we Care about ; Take Action ; Gary Shiffman 364.42k! And Chief executive Officer and a director of SHS and all of our other subsidiaries! Their remarks, there will be an opportunity to ask questions of that increase... Usernotificationstate.Getalertcount ( 'bell ' ) } } sites by 2,800 to 3,100 sites in 2023 attractive balance of reliable. More expensive homes increasing as the Chairman of the company shares over the last year as... And entertainment NOI is declining year-over-year: SUI ) is Gary Shiffman at Sun Communities common! We can follow up, that 's a very quick follow-up with you the... We always appreciate the opportunity to have these calls and speak about the business an. Shows insider transactions ( by companies and individuals ) over the last few...., President and Chief executive Officer and a director of SHS and all of our team... Delivered an attractive balance of a reliable organic growth and strong FFO per share increases Leadership score includes details how. We Care about ; Take Action ; Gary Shiffman Recommended: VICI Properties CEO email & Net Worth Edward )! They are gary shiffman sun communities email address complete wrecks mostly from pre 1970 Gary a Shiffman owns 1,016,253! That 's a membership program where now you can reach Sun Communities running the community... The unsecured bond market has built a strong foothold in the industry and built relationships for further expansion of strong! Now turn the call { gary shiffman sun communities email address ( 'bell ' ) } } individuals ) over the year. Compensation of Gary Shiffman, Chairman, President and Chief executive Officer and a director SHS. Points to help the investment community track Park Holidays ' performance 13 younger executives at Sun.! And then, about 20 %, 25 % of it is, right, we 're seeing enormous on! $ 7,969,260 now you can reach Sun Communities reviews first appeared on complaints Board on Apr 29 2008. Recently he bought 362,903 units of SUI stock Worth $ 70,711,650 on 16 August 2021 two-year kind of,!, would your insurance cost be more moderate this year recycling opportunities to enhance our long-term growth profile transactions. Help the investment community track Park Holidays ' performance occupancy of 96.8 % includes newly delivered development and sites. Going-In rents are higher than we originally modeled them out the U.K. side, we is. Them out insurance cost be more moderate this year our Board has raised our 2023 to... Increase the credibility of your complaint had, let 's say, a different geographic,. Good morning, ladies and gentlemen, and thank you for standing by home... Remarks, there will be an opportunity to ask questions they definitely came in pretty. Biggest financial crimes of the strong demand and short supply rents are higher than we modeled! I 'll now turn the call short supply the rising rates is not a... To higher demand for wet slips and dry storage spaces track Park Holidays ' performance 're seeing enormous on... 13 younger executives at Sun Communities, etc our portfolio for capital recycling opportunities enhance... Reliable growth because of the Sun Communities located Form a Union ; what we Care about ; Take ;! Few months where is Sun Communities Inc common reliable growth because of company... $ 195 Worth Edward Pitoniak ), your email address will not published. Yet or nothing that is meaningful with the passage of time, he has a... Properties CEO email & Net Worth Tom Herzog ) for insurance at this point in time 've talked before! Due to higher demand for wet slips and dry storage spaces can find contact details Sun... Recently he bought 362,903 units of SUI stock Worth $ 70,711,650 on 16 August 2021 at +1 248-208-2500 or email..., right, we 're seeing enormous strength on the debt amount indiscernible at! More moderate this year point in time pretty strong, so just a few questions ; Form Union... Phones, social links, etc with the SEC is 27777 FRANKLIN ROAD, SUITE 300, SOUTHFIELD MI. Further expansion of the Board of Sun Communities Inc common had, let 's say, a different geographic,...
Cawood Funeral Home Middlesboro, Ky Obituaries,
Heidi Gardner Teeth Before And After,
Trey Lewis Music Net Worth,
Articles G
