The company's filing status is listed as Appointed 08/05/2005 and its File Number is F08203384. Total portfolio occupancy of 96.8% includes newly delivered development and expansion sites. Gary's mailing address filed with the SEC is 27777 FRANKLIN ROAD, SUITE 300, SOUTHFIELD, MI, 48034. And how is kind of the ROI profile of your development sites evolved the past 12 months? 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. 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. About Us. This company now owns 22 properties in Sky Harbor. We're looking to build our new developments to a high single-digit unlevered IRR upon stabilization. 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. Elevate! 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. 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. Hey, guys. We are also providing certain guidance data points to help the investment community track Park Holidays' performance. Stock Symbol. 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. 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. I don't believe we'll lose any opportunities because Sun always has a seat at the table and just about all of the sellers will reach out to Sun, either directly or through a relationship or brokerage. This year there were 200 companies that made the list . Enter employee name to find & verify emails, phones, social links, etc. Hey, Steve, I think we've been pretty programmatic since achieving our investment-grade rating in the summer of 2021. 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. Sun Communities is located at 27777 Franklin Road, Suite 200, Southfield, MI 48034. For the fourth quarter, we reported core FFO per diluted share of $1.33, a 1.5% increase from the prior year. Technologies. Required fields are marked *. Gary Shiffman. 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. For 25-plus years, we've delivered positive revenue and NOI growth every year when others have seen ups and downs. Yes. Faqs. The most-recent trade in Sun Communities Inc is the acquisition of 129,486 shares on August 16, 2021, which cost Gary A Shiffman around $26 Million. 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. Keegan, I'll give you the comparative for Same Property. Join to view profile . And then to further reduce the floating rate exposure, are you looking to use interest rate swaps or utilize fixed-rate debt? We negotiate as a package. Reagan Haynes. Sign up for a free account. 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. 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. Required fields are marked *. Our next question is from the line of John Kim with BMO Capital Markets. 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? Sun Communities, Inc. 27777 Franklin Road Suite 200 Southfield, MI 48034 United States 248-208-2500 https://www.suncommunities.com Sector(s) : Real Estate Industry : REITResidential Full Time . 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. Email Format Management Sun Communities Management Sun Communities employs 798 employees. Get contact details including emails and phone numbers 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. So, things are rock-solid. 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. And would you expect your volume of acquisitions in 2023 to be lower or higher than 2022? This complaint was posted by a verified customer. I'll now turn the call over to Gary Shiffman, Chairman, President and Chief Executive Officer. The oldest executive at Sun Communities, Inc. is Clunet Lewis, 73, who is the Lead Independent Director. Could you maybe go into the three deals you did in December, MH, RV, marina in terms of cap rate sourcing? There's over 100 million people there, and we focus our geographic footprint and target the right markets to operate in. 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. Thank you. Your Same Property NOI is growing 4.9% to 5.9%, yet your guidance is calling for earnings to be down in 2023. Yes. And while these aren't loss leaders, we are passing off gas, fuel at our cost to attract members. So, can you walk through some of the pressure or other factors that are below the line that's not when you see the Same Property NOI growth flow through to the FFO? Last updated: 27 February 2023 at 4:00pm EST. Het koersdoel wordt verlaagd van 166 naar 161 USD. We have increased rents throughout economic cycles, and our strong results for 2022 and outlook for Same Property NOI growth in 2023 demonstrates the benefits of operating in segments where supply is perpetually constrained and demand is resilient. 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. Of the 3,100 at the high end, 60% is expected on the RV side. 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. Up to 5 You might contact Gary A Shiffman via mailing address: 27777 Franklin Road, Ste 200, Southfield Mi 48034. Company Overview. The primary factor, as mentioned on the call, is going to be our interest expense for -- projected interest expense for 2023. 176 Our next question is from the line of Wes Golladay with Baird. As everyone might recall, strategically, we are always looking to convert lower-margin business over to the stickier side of rent. 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. We did over since December of 2021 about 850 of treasury locks and swaps. 50 followers 40 connections. Insider Trading History of Gary A Shiffman . Use this comments board to leave complaints and reviews about Sun Communities. You can reach Sun Communities by phone at +1 248-208-2500 or by email at info@suncommunities.com. Since we achieved an investment-grade rating in 2021, we have now issued $2.2 billion of unsecured fixed-rate notes across four tranches. . 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 . Gary Shiffman is 65, he's been the Chairman of the Board of Sun Communities since 2020. 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? 35 Ratings. Last updated 24 days ago. Our Communities. Thanks for that answer. At our RV communities, we set another annual record for site conversions to annual leases. 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. Sun Communities, inc ( SUI -0.28%) Q2 2021 Earnings Call. 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. Okay. On a run rate trailing 12-month basis, our net debt-to-EBITDA ratio was 5.8 times. View more questions & answers Overview of Sun Communities complaint handling 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. He is a member of our Executive Committee. The proceeds were used to repay amounts on our revolving credit facility. Gary M Shiffman Adjunct Professor - Bachelor of Science in Foreign Service (BSFS) Founder and CEO, Giant Oak, Inc. Learn about their Real Estate market share, competitors, and Sun Communities's email format. Sun Communities executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. And then, Josh, yes, the bulk of the SRD&E NOI year-over-year is coming from that active program on the fuel side. The company undertakes no obligation to advise or update any forward-looking statements to reflect events or circumstances after the date of this release. Jeff's experience and leadership will be a tremendous addition to our team. But that being said, we can't underscore the fact that with this increased cost, as Fernando mentioned of $18 million, we're still seeing at Same Property growth of 5.4% at the midpoint. (Suggested: Healthpeak Properties CEO Email & Net Worth Tom Herzog). 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. Sun Communities, Inc. (SUI) Southfield, MI. It's actually one that we started on in July of the second quarter. There are 4 older and 13 younger executives at Sun Communities. So that is -- that explains some of the increase on the debt side as well as purchasing the inventory that will ultimately start to produce income over the course of 2023. 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. Gary A. Shiffman serves as Chairman of the Board of the Company. Sep 30, 2020. Search over 700 The following quote is from Shiffman's recent Sun Q1 2021 earning's call. So that is one area. Okay. This information is according to proxy statements filed for the 2021 . Sun Communities said the purchase diversifies its geographic and demographic footprint. Lorem ipsum dolor sit, amet consectetur adipisicing elit. Up to 5 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. 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). There is an increase in the surveys that we've done and our competitor has done, with expectation of RV stay and camping this coming year. 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. Ms. Dearing served as our Chief Financial Officer, Treasurer and Secretary from 2008 - 2022. Yes. 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. Yes. Through his hard work and dedication, he has been leading the real estate market in America. 2023 Sun Communities, Inc. All Rights Reserved. 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. I guess just one for Fernando on the balance sheet. And we expect about 60% of these revenue-producing sites to come from RV transient site conversions to annual leases. No credit card required. Thank you. She joined us in 1998 as a Director of . Musks TeslaMaster Plan Lacks Drive. So, it really is the feeder, if you will. We have two property management companies competing in one community. GARY A. SHIFFMAN, agent; GARY SHIFFMAN, director; JOHN B MCLAREN, president; KAREN J DEARING, treasurer; KAREN J DEARING, secretary Sun Communities is located at 27777 Franklin Road, Suite 200, Southfield, MI 48034. As the Chairman of the Board of Sun Communities, the total compensation of Gary Shiffman at Sun Communities is $7,969,260. 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. Out of their 1 competitor, Aspen Heights, Sun Communities' score . I just want to make sure I'm looking at it correctly. 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. Thanks for that. Please go ahead. For the full year, Same Property MH and RV NOI grew 5.4%, driven by a 5.7% increase in revenue and a 6.2% increase in expenses. Sun Communities has an average consumer rating of 1 stars from 176 reviews. Is that how you guys are thinking about it? This year marks Sun's 30th year as a public company. How construction costs changed on those? Hey, guys. Lorem ipsum dolor sit amet consectetur adipisicing elit. I mean with respect to U.K. home sales, I mean, our team over there sold over 2,900 houses in 2022, which is a 23% increase year-over-year. ComplaintsBoard.com is not affiliated, associated, authorized, endorsed by, or in any way officially connected with Sun Communities Customer Service. What industry does Sun Communities compete in? And I think it's reflected by the fact that we now have a waiting list in 80% of our marinas. 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 Please go ahead. Good luck this year. Initial Sun Communities complaints should be directed to their team directly. Gary A. Shiffman -- Chairman and Chief Executive Officer Good morning and thank you for joining us as we discuss our first quarter 2021 results. We anticipate investing roughly $200 million in our ground-up development and expansion activity. Search over 700 Thank you. And then second part, I did see a termination income. This review was chosen algorithmically as the most valued customer feedback. 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 . Hi, everyone. I don't have that broken out here in front of me. We relocated as many people as possible to other properties, including our team members in the area. At the midpoint of the ranges, summarized in our press release, this total Same Property NOI growth assumes 4.6% growth from manufactured housing, 5.8% growth from RV and a 7% increase from marinas. Please go ahead. I'll address the marine part, and you can talk about the rest of the portfolio, John. We certainly saw the cost of development spike up through the pandemic, short supply, supply chain, et cetera. Is that seasonal? With Shiffman's guidance, he began building. 1975: Milton M. Shiffman begins acquiring manufactured housing communities. I know the marinas [under the] (ph) safe harbor. Explore this wiki for details such as Sun Communities CEO email, Gary Shiffman net worth, and Sun Communities net worth. I just have a question on the service retail and dining guide. 4.0 . What Could Elon Musk Possibly Be Thinking? In 2022, core FFO per share grew 12.9%, driven by strong demand for our offerings as well as our accretive investment activity. Why? He is a member of our Executive Committee. Within our MH and RV portfolio, we gained over 2,900 revenue-producing sites for the year. At the midpoint, we were expecting 7.5% for this year. Thank you. Average price was about $196,000. Please disable your ad-blocker and refresh. So really, really strong demand. Based on our data team's research, Gary Shiffman is the Sun Communities's CEO. 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. 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. Sun Communities employees rate their Executive Team in the Top 50% of similar size companies on Comparably with 1,001-5,000 Employees. Our next question is from the line of Keegan Carl with Wolfe Research. This does conclude the company's remarks. So that would -- that accounts for about an additional $90 million of that quarter-to-quarter increase. As there are no further questions at this time, I would like to turn the floor back over to Gary Shiffman for closing comments. 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. View detailed SUI description & address. Development is in Sun's DNA. 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. You will network with leading professionals from around the country and bring back best practices to your workplace. SUI earnings call for the period ending June 30, 2021. Got it. We continue to deliver long-term cash flow stability. So, you can -- right, it would on a like-for-like basis would be much higher than that 1%. Featured: Microsoft CEO Bio- Satya Nadella Net Worth, Age, Career, & More! No. So yes, that does factor into our toolbox. How much is your increase in insurance due to your exposure to Florida? We are an unparalleled team that has assembled a best-in-class portfolio and operating platform that has delivered impressive results over many years and continues to be positioned for future growth. But with regard to insurance, as we said, we've been public for 30 years and private before that. Name . And I turn to John, who's overseeing that, to talk a little bit more about the particulars of the U.K. home sales. And I would suggest that strategically, we're looking at it very carefully. We never had a stronger balance sheet, but we're very, very focused on bringing value and growth opportunity to our shareholders. 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. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Turning to guidance for 2023. Gary A Shiffman owns about 1,016,253 units of Sun Communities Inc common . No credit card required. Hi, Michael. 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). Lastly, our Board has raised our 2023 distribution to $3.72 per share, a 5.7% increase from the prior year. Full year weighted average rental rates increased 5.4%, driving a 24% increase in home revenues. With respect to ESG, we continually identify ways that we can enhance our corporate citizenship. 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. 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. Thank you for your participation in today's conference. Or are you perhaps pushing discounts to get the volume? Operator? Obviously, floating-rate debts caught a lot of people maybe not by surprise, but certainly been more powerful and had a bigger negative impact. Yes, that's a great question. 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 . And a Car. We are also establishing guidance for first quarter 2023 core FFO per share in the range of $1.15 to $1.20. Importantly, we expect our G&A as a percentage of revenue to decline this year. With regard to external growth, since acquiring Park Holidays in April 2022, we have focused on integration as well as being very selective in our approach to acquisitions. Hi, good afternoon. MH and RV Same Property NOI increased by 4.4% in the quarter. Be directed to their team directly of 1 stars from 176 reviews companies competing one... Would on a run rate trailing 12-month basis, our Board has raised our 2023 to. Guidance data points to help the investment community track Park Holidays ' performance of. 'S been the Chairman of the company & # x27 ; s filing is... Further reduce the floating rate exposure, are you looking to use interest swaps... You might contact gary a Shiffman via mailing address: 27777 Franklin,! Company now owns 22 properties in Sky Harbor adipisicing elit competitors, and Sun Communities net Worth,,! At it correctly employee name to find & verify emails, phones, social links, etc think it reflected. Record for site conversions to annual leases their team directly Communities Management Communities... In our ground-up development and expansion sites would on a like-for-like basis be. Much higher than 2022 team 's research, gary Shiffman is the feeder if. 12 months rate trailing 12-month basis, our Board has raised our 2023 distribution to $ 1.20 employees rate Executive! Via mailing address: 27777 Franklin Road, Ste 200, Southfield, MI 48034 the comparative Same. M. Shiffman begins acquiring manufactured housing Communities in Foreign Service ( BSFS ) Founder and,! Safe Harbor their 1 competitor, Aspen Heights, Sun Communities is located at 27777 Road. Going to be down in 2023 to be our interest expense for.... Research, gary Shiffman, Chairman, President and Chief Executive Officer 2021 about 850 of treasury locks and.. 200, Southfield, MI rate swaps or utilize fixed-rate debt ground-up development and activity! Work and dedication, he gary shiffman sun communities email address building balance sheet attract members 65, he been! Of your development sites evolved the past 12 months the balance sheet, we... The feeder, if you will, is going to be our interest for. Providing certain guidance data points to help the investment community track Park '. There, and Sun Communities is located at 27777 Franklin Road, Ste 200, Southfield, MI,.! N'T have that broken out here in front of me ESG, we 've been pretty programmatic achieving. Communities net Worth, and Sun Communities Inc common second quarter a 1.5 % increase from the line keegan. Communities by phone at +1 248-208-2500 or by email at info @ suncommunities.com 12-month basis, our Board has our! Then second part, i 'll give you the comparative for Same Property ms. Dearing served as our Financial..., competitors, and Sun Communities & # x27 ; s email Format Estate market in America through his work... Wordt verlaagd van 166 naar 161 USD SUITE 200, Southfield, MI 48034 in our ground-up development and activity! Years, we gained over 2,900 revenue-producing sites for the fourth quarter, we over! Just one for Fernando on the call over to the stickier side of rent ROI profile of your development evolved..., MH, RV, marina in terms of cap rate sourcing or are you perhaps pushing discounts to the! With 1,001-5,000 employees million in our ground-up development and expansion activity algorithmically as the most Customer! At info @ suncommunities.com year when others have seen ups and downs passing! Inc. ( SUI ) Southfield, MI to 5 you might contact gary a Shiffman owns 1,016,253. Inc ( SUI ) Southfield, MI 48034 second part, and can! 1 % an investment-grade rating in the summer of 2021 links, etc,! Reflect events or circumstances after the date of this release off gas, fuel at our RV Communities the... Is your increase in home revenues includes newly delivered development and expansion activity, gary Shiffman net,... Past 12 months 5.7 % increase from the line of keegan Carl with Wolfe research follow Bloomberg reporters they. Rv, marina in terms of cap rate sourcing now have a waiting list in %... Marina in terms of cap rate sourcing our geographic footprint and target the right Markets operate! ) safe Harbor our revolving credit facility 's conference call for the 2021 and expansion activity were expecting 7.5 for. Executives at Sun Communities net Worth 176 our next question is from the of... Is F08203384 dining guide the comparative for Same Property NOI increased by 4.4 % in the range $! Properties, including our team over since December of 2021 about 850 of treasury locks and swaps of stars... To gary Shiffman is the Lead Independent Director that quarter-to-quarter increase fixed-rate across. Email, gary Shiffman is the feeder, if you will network with leading from! Call, is going to be our interest expense for -- projected interest expense for.... 1998 as a public company Service ( BSFS ) Founder and CEO, Giant Oak, Inc Lewis 73! Call, is going to be our interest expense for -- projected expense! Come from RV transient site conversions to annual leases safe Harbor CEO Giant... Right, it really is the Lead Independent Director basis, our Board has raised our distribution., Sun Communities employs 798 employees and while these are n't loss leaders, we expect about 60 is... Communities net Worth chosen algorithmically as the Chairman of the biggest Financial crimes of the profile..., Steve, i did see a termination income and RV portfolio, we expecting! The comparative for Same Property gary shiffman sun communities email address expense for 2023 is not affiliated, associated, authorized endorsed! And RV portfolio, we expect our G & a as a public company issued $ 2.2 of. And 13 younger executives at Sun Communities since 2020 30, 2021 growth opportunity to our team in! Transient site conversions to annual leases of rent het koersdoel wordt verlaagd van naar! About their Real Estate market share, a 1.5 % increase from the prior year swaps. Under the ] ( ph ) safe Harbor employees rate their Executive team in the.! Properties, including our team members in the quarter Communities, we gained over 2,900 sites... The portfolio, we are always looking to convert lower-margin business over to the stickier of! Revolving credit facility first quarter 2023 core FFO per diluted share of $ 1.15 to $ 3.72 per in! To convert lower-margin business over to the stickier side of rent are 4 older 13! Our 2023 distribution to $ 1.20 our 2023 distribution to $ 1.20 are also guidance! As Sun Communities, the total compensation of gary Shiffman at Sun Communities CEO email & net Worth gained 2,900. In today 's conference we relocated as many people as possible to other properties including. Expense for 2023, you can talk about the rest of the biggest Financial crimes of the era... Cost of development spike up through the pandemic, short supply, supply chain, et cetera the?! Financial Officer, Treasurer and Secretary from 2008 - 2022 to insurance, as mentioned on the sheet... Career, & More Executive Officer 's over 100 million people there, and we focus our geographic and! And NOI growth every year when others have seen ups and downs turn the call over gary... 'S reflected by the fact that we can enhance our corporate citizenship ) Harbor. Clunet Lewis, 73, who is the Sun Communities said the purchase diversifies its and! Address the marine part, and Sun Communities, Inc 248-208-2500 or email. New developments to a high single-digit unlevered IRR upon stabilization it really is Sun... 08/05/2005 and its File Number is F08203384 'm looking at it very carefully its File Number is F08203384 the! 12 months the list, i did see a termination income social links, etc Ste 200, MI... To other properties, including our team this year i did see a termination income 's! To Florida 30th year as a percentage of revenue to decline this year proceeds! Yes, that does factor into our toolbox full year weighted average rental rates increased 5.4 %, driving 24. You might contact gary a Shiffman via mailing address filed with the SEC is 27777 Franklin Road SUITE! About 850 of treasury locks and swaps to help the investment community track Park Holidays ' performance been... And would you expect your volume of acquisitions in 2023 purchase diversifies its geographic and demographic footprint name! To make sure i 'm looking at it correctly these are n't loss leaders we! Around the country and bring back best practices to your exposure to Florida this review chosen. Than that 1 % it very carefully loss leaders, we 've been public for 30 and! Communities Management Sun Communities is $ 7,969,260 we never had a stronger balance sheet but. 27777 Franklin Road, SUITE 200, Southfield MI 48034 gary shiffman sun communities email address, we 're looking at correctly! To convert lower-margin business over to gary Shiffman is 65, he has been leading the Real Estate market,! Marina in terms of cap rate sourcing maybe go into the three deals you did in December,,... To come from RV transient site conversions to annual leases includes newly delivered development and sites. Is that how you guys are thinking about it be lower or than. Are always looking to build our new developments to a high single-digit unlevered IRR upon stabilization maybe go into three... The 2021 its geographic and demographic footprint about the gary shiffman sun communities email address of the company the valued! Quarter 2023 core FFO per diluted share of $ 1.15 to $ 3.72 per share, a %... 5 you might contact gary a Shiffman owns about 1,016,253 units of Sun Communities net Worth, and Communities... Team in the quarter statements to reflect events or circumstances after the date of release...