gary shiffman sun communities email addressgary shiffman sun communities email address

As Chairman and Chief Executive Officer at SUN COMMUNITIES INC, Gary A. Shiffman made $13,828,288 in total compensation. The oldest executive at Sun Communities, Inc. is Clunet Lewis, 73, who is the Lead Independent Director. So, on behalf of the entire company, from the communities on up to senior management and executive team, I do want to extend our appreciation to John. Marina has exceeded our expectations with a 10.4% increase in same marina NOI during the quarter and a 7.7% increase for the full year. MH and RV Same Property NOI increased by 4.4% in the quarter. Value proposition of an RV vacation one to three hours from home opens Sun to new customers who discover or rediscover the joy of a long-term RV experience. Your Same Property NOI is growing 4.9% to 5.9%, yet your guidance is calling for earnings to be down in 2023. And by paying down that debt, if that's what we elect to do, we obviously recapture of that lost interest rate. It tracks over a 30-year period of time that will go up and down a little bit, so we don't see that as anything negative whatsoever. Thank you very much. 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. This complaint was posted by a verified customer. Research Tools View detailed SUI description & address. Additionally, we regularly evaluate our portfolio for capital recycling opportunities to enhance our long-term growth profile. Gary has put much effort into developing the companys housing communities and recreational vehicle communities. NYSE: SUI. 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. On average, Gary trades about 19,735 units every 69 days since 2003. As we look ahead to 2023, we once again expect to deliver a year of solid Same Property growth. Keegan, I'll give you the comparative for Same Property. 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%. I think that absolutely does have bearing on how we think about things and how we look at things. Featured: Microsoft CEO Bio- Satya Nadella Net Worth, Age, Career, & More! Find contact details for 700 million professionals. We can follow up, that's a very quick follow-up with you after the call. 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 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. But certainly, looking to actively manage our exposure to floating-rate debt. 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. Having turned over these units, we are now able to realize higher rents on incoming leases. This is less of a Sun issue, an asset class issue or anything like that. Thank you for your participation in today's conference. Insider Trading History of Gary A Shiffman . million verified professionals across 35 million companies. The proceeds were used to repay amounts on our revolving credit facility. In terms of external growth, during 2022 and through the date of this call, Sun acquired 70 operating properties for $2.2 billion and spent approximately $62 million for developable land parcels. But I believe in these periods of times, as I said before, as people have to refinance things at a whole new rate in a whole new world, opportunities may become available there that are accretive across our current cost of capital. Sun Communities employees rate their Executive Team in the Top 50% of similar size companies on Comparably with 1,001-5,000 Employees. 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. 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. Factors and risks that could cause actual results to differ materially from expectations are detailed in yesterday's press release and, from time to time, in the company's periodic filings with the SEC. The waitlist, we're now -- we now have a waitlist at 91% of our marinas. Read more Brian Hermelin Board Member C Clunet Lewis As summarized in yesterday's press release, we are establishing full year guidance for core FFO per share in the range of $7.22 to $7.42. We always appreciate the opportunity to have these calls and speak about the business. Or are you perhaps pushing discounts to get the volume? 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. Affiliated Unions; Executive Council . And I would suggest that strategically, we're looking at it very carefully. Up to 5 Park Holidays' portfolio is performing above our original underwriting, and the management team has done an excellent job integrating into Sun. Sun Communities Executive Team & Key Decision Makers. People are still positive about experiencing that outdoor vacation. In Payments, Like Geopolitics, India Seeks a Third Way, Subaru, Nintendo Step Up for LGBTQ Workers in Conservative Japan, Visitors Flock to Macau Again, But Its Gambling Dependence Draws Beijings Ire, Gina Raimondo Becomes China Player in a Job Where Her Predecessor Used to Nap, UK Mothers Say It No Longer Makes Financial Sense to Work, Starbucks Illegally Fired 6 New York Union Activists, Judge Rules, Australia Prepares for a Power Grid Without Spinning Turbines, Another Blow to City Centers: Retail Stores Move Outward, New York City Isnt Waiting for the White House to Enforce Fair Housing, Singapore Crypto Lender Hodlnaut's Founders Propose Selling Business Rather Than Liquidating Firm, Celsius Examiner Report Mentions FTX More Than 150 Times. And I would just emphasize the point that Gary made in his answer, which is that this has a lot more to do with what events are taking place across the world, okay? The marinas, currently owned and operated by Dallas-based Safe Harbor Marinas, include locations in [] And as we've talked about before, our business is really about reliable growth because of the strong demand and short supply. And he alluded to it, the rising rates is not necessarily a surprise, especially in the last few months. So, it's going to take a real opportunity. Company Overview. . 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. You may now disconnect your lines. Gary Shiffman . The fourth quarter continued to show strength. Gary attended Michigan State University. At the midpoint, these rental increases are 6.3% for manufactured housing, 7.8% for RV and 7.5% for marinas. If you have an ad-blocker enabled you may be blocked from proceeding. 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. 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.. Sun Communities currently employs approximately 3,146 people. 2023 Sun Communities, Inc. All Rights Reserved. As of 2022, Sun Communitiess net worth stands at 20-24 billion USD. Our next question is from the line of Anthony Powell with Barclays. Hey, Josh, it's Gary. 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. So that was the remaining item from that perspective, and we did realize a larger-than-expected increase for 2023. Thank you. Yes. The second area is certainly funding the development costs so that we can generate the high returns and create value for the stakeholders by increasing our manufactured housing portfolio. I wanted to follow on Steve's question. 320,000, I think, we talked about moved in there last year. 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. Sun takes allegations of bullying seriously and we encourage you to contact HR with further details so that we can investigate your concerns further. Email Formats. Full year weighted average rental rates increased 5.4%, driving a 24% increase in home revenues. Certainly with the headwinds of interest rates today, that is one big focus, Wes. This year marks Sun's 30th year as a public company. 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. Legal taxes and insurance of our Same Property portfolio represent -- are expected to represent about 10% this year. Thank you. As the Chairman of the Board of Sun Communities, the total compensation of Gary Shiffman at Sun Communities is $7,969,260. Sun Communities is a publicly traded real estate investment trust that invests in manufactured housing communities, recreational vehicle resorts, and marinas. And then, my second question is just on the flow-through of the NOI growth. I know it's obviously the low demand time of year, but any color on what happened year-to-date in the forward bookings would be great. Reason #1 to Attend: Learn. No credit card required. Please go ahead. Hi, good afternoon. The Leadership score includes details about how employees evaluate their executive team, CEO and manager. 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 . 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. free lookups / month. So, things are rock-solid. Gary A. Shiffman serves as Chairman of the Board of the Company. Thank you. They are all complete wrecks mostly from pre 1970. 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). We've done over $2.2 billion of IG unsecured bonds with that public market. I think the past channel checks we've done, there's concern for a while that outsized pricing power is eventually going to deteriorate because it's going to break boat owners. Career & Education - Company, University, & College Gary attended Michigan State University. But in the effort of being totally transparent of where our costs have gone to, that's what is included in our guidance. To find out more about what we have to offer, visit a community near you or contact us. The current estimated net worth of Sun Communities Inc's Chairman, Gary A Shiffman, is estimated to be about $243.54M . So curious for your thoughts there. 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