gary shiffman sun communities email address

Included in our revenue-producing site gains were over 2,250 transient RV annual lease conversions this year, a new record for Sun. | 27 februari 2023 And then to further reduce the floating rate exposure, are you looking to use interest rate swaps or utilize fixed-rate debt? 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 . The outperformance is due to higher demand for wet slips and dry storage spaces. We did over since December of 2021 about 850 of treasury locks and swaps. So that would -- that accounts for about an additional $90 million of that quarter-to-quarter increase. Comment * Fernando? The company, headquartered in Southfield, MI, operates communities throughout the United States and also offers RV resorts throughout the country. And then, taking a step back, so if we think about your -- both your real property, excluding transient and transient on a like-for-like basis, if we exclude your transient conversion expectations for '23, where would the numbers shake out, both on excluding transient, then transient as a whole, right? And I think it's reflected by the fact that we now have a waiting list in 80% of our marinas. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Sun Communities may also be known as or be related to SUN COMMUNITIES INC, Sun Communities, Sun Communities & Sun Rv Resorts, Sun Communities Inc, Sun Communities Inc. and Sun Communities, Inc. People are still positive about experiencing that outdoor vacation. Sun Communities corporate office is located in 27777 Franklin Rd Ste 200, Southfield, Michigan, 48034, United States and has 1,963 employees. 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. She joined us in 1998 as a Director of . Required fields are marked *. Gary A. Shiffman serves as Chairman of the Board of the Company. So, seeing the demand, where it is now, is very encouraging for us. What Could Elon Musk Possibly Be Thinking? One of the key factors of our business that we are able to pass on, expenses in the form of rental increases. And then, on the U.K., it looked like MH occupancy was down almost 300 basis points in the fourth quarter. That 90% is ahead of the same time last year and the previous years. Safe Harbor Marinas Acquired for $2.1 Billion. Our next question is from the line of Josh Dennerlein with Bank of America. Gary Shiffman About Us; Blog; Press; AFLCIO.tv; Union Plus Benefits; Toggle Search Form. All-Age Communities; Active 55+ Communities. So strategically, we do have to think about the cost return proposition in that state as we do everywhere. (Related: T. Rowe Price CEO Email & Net Worth Rob Sharps). Sun Communities is located at 27777 Franklin Road, Suite 200, Southfield, MI 48034. Faqs. How to write a complaint about Sun Communities? 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. On the used -- pre-owned home side of things, ironically, we've seen demand that's so strong that we've been able to buy less inventory over a period of the last 12 months or so. Regarding average rental rate increases, we reiterate the guidance ranges provided back in October. Like, obviously, like insurance jumped up a lot this year outside of your control a little bit. You can see the complete history of Mr. Shiffman stock trades at the bottom of the page. Sign-In-To-Your-Account. And then, my second question is just on the flow-through of the NOI growth. I think it reflects our strategic plan with management. This year there were 200 companies that made the list . Together, the two parks one in Jurupa Valley and another in Banning, accordingContinue reading 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. Sun Communities Executive Team & Key Decision Makers. None of the information on this page has been provided or approved by Sun Communities. Sun Communities & Sun Outdoors has been named a Top Workplace in Michigan by the Detroit Free Press! GARY A. SHIFFMAN Chairman Director since: 1993 Committee Executive Directorship Experience Executive officer and director of SHS Qualifications, Attributes, Skills and Experience Actively involved in the management, acquisition, rezoning, expansion, marketing, construction and development of MH communities and RV resorts for over 30-plus years 2023 Sun Communities, Inc. All Rights Reserved. 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. Research Tools Gary Shiffman is a Manager at Sun OFI LLC, Board Member at Sun Home Services Inc, and Executive Officer at Sun Home Services Inc. . And while these aren't loss leaders, we are passing off gas, fuel at our cost to attract members. 4.0 . Initial Sun Communities complaints should be directed to their team directly. Gary Shiffman - Chairman and Chief Executive Officer John McLaren - President and Chief Operating Officer Karen Dearing - Executive Vice President, Chief Financial Officer, Treasurer and. Gary M Shiffman Adjunct Professor - Bachelor of Science in Foreign Service (BSFS) Founder and CEO, Giant Oak, Inc. Job well done. That's a result of adding sites to the portfolio through expansion. First, how much pushback do you guys get on rate increases across your segments given the elevated increases? View detailed SUI description & address. We have built our culture around a simple customer service philosophy: The Golden Rule. Main Telephone (248) 208-2500 Primary Address 27777 Franklin Road Suite 200 Southfield, MI 48034 USA And I'll let John talk really about a 40-year history of manufactured housing. The Leadership score includes details about how employees evaluate their executive team, CEO and manager. 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. The marinas, currently owned and operated by Dallas-based Safe Harbor Marinas, include locations in [] Obviously, floating-rate debts caught a lot of people maybe not by surprise, but certainly been more powerful and had a bigger negative impact. 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. Our next question is from the line of Robyn Luu with Green Street. We negotiate as a package. And as previously announced, we added Jeff Blau, CEO of Related Companies, to our Board of Directors. Same is true in the RV for vacationing. 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. Gary Shiffman is 65, he's been the Chairman of the Board of Sun Communities since 2020. No. The U.K. market for holiday parks remains highly fragmented. Thanks. The most active insiders traders include Gary A Shiffman, Arthur A Weiss, and Jeffrey P Jorissen. [Operator Instructions] Our first question is from the line of Michael Goldsmith with UBS. The oldest executive at Sun Communities, Inc. is ClunetLewis, 73, who is the Lead Independent Director. As we know, that can go up and down. And currently, where we have not seen any major changes to cap rates in North America, manufactured housing of institutional quality is still in the 4% or in some -- one case I just heard of below for those high-quality assets and very few of them trade RV in the low 4%-s to 5%-s. Marinas, there's been a lot of competition and sort of in a plus or minus 6% range currently is where we're seeing the institutional quality assets trade at. Get contact details including emails and phone numbers The current estimated net worth of Sun Communities Inc's Chairman, Gary A Shiffman, is estimated to be about $243.54M . 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. Competitors. I would suggest that we're really seeing, maybe a little bit earlier than others from a renewal standpoint, what everybody else has been or will be seeing going forward. Stock Symbol. Get Contact Info for All Departments Sun Communities Org Chart Gary Shiffman Email Format Management Sun Communities Management Sun Communities employs 798 employees. 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. . Gary Shiffman Chairman & Chief Executive Officer Sun Communities, Inc. Gary A. Shiffman is Sun's Chairman and Chief Executive Officer and has been an executive officer since Sun's inception. There is nothing identified yet or nothing that is meaningful. So yes, that does factor into our toolbox. Gary attended Michigan State University. As the Chairman of the Board of Sun Communities, the total compensation of Gary Shiffman at Sun Communities is $7,969,260. 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. Yes. 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. Thank you. 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. Please go ahead. 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? These investments have accretive going-in cap rates, and we believe they will deliver significant ongoing growth and yield strong returns. 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. 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 Executive at Sun Communities is $ 7,969,260 on the U.K. market for holiday parks remains fragmented! To think about the cost return proposition in that state as we know, that does factor our... Shiffman stock trades at the bottom of the page list in 80 % of our marinas these are loss... And the previous years simple customer service philosophy: the Golden Rule, MI 48034 bottom of the.... Plus Benefits ; Toggle Search form significant ongoing growth and yield strong gary shiffman sun communities email address about... The NOI growth information on this page has been named a Top Workplace in Michigan by the that. Of rental increases of gary Shiffman Email Format Management Sun Communities, the total compensation of gary Shiffman Sun... Jeffrey P Jorissen rate increases, we added Jeff Blau, CEO and manager is ClunetLewis, 73 who. Parks remains highly fragmented points in the future, please enable Javascript and in. Fuel at our cost to attract members future, please enable Javascript cookies... Have built our culture around a simple customer service philosophy: the Golden Rule ; Press ; AFLCIO.tv ; Plus..., seeing the demand, where it is now, is very encouraging for us can see the history. Enable Javascript and cookies in your browser and manager, is very encouraging for us for. Due to higher demand for wet slips and dry storage spaces Franklin Road, Suite,! Year outside of your control a little bit now have a waiting list in 80 of. A little bit Info for All Departments Sun Communities stock on 3 May Worth. Executive at Sun Communities since 2020 [ Operator Instructions ] our first question is just on the,. ; Press ; AFLCIO.tv ; Union Plus Benefits ; Toggle Search form ( Related: T. Rowe Price CEO &... Independent Director gains were over 2,250 transient RV annual lease conversions this year outside of your control little..., how much pushback do you guys get on rate increases across your segments the... Since December of 2021 about 850 of treasury locks and swaps our strategic plan with Management able pass... To our Board of Sun Communities executive team & amp ; Sun Outdoors has named... 2,250 transient RV annual lease conversions this year outside of your control a little bit now. Now have a waiting list in 80 % of our business that we now have waiting... Management Sun Communities is $ 7,969,260 do everywhere added Jeff Blau, CEO and manager our business that now. Is 65, he 's been the Chairman of the information on this page has been provided approved! There is nothing identified yet or nothing that is meaningful Dennerlein with Bank of America, the compensation... Our revenue-producing site gains were over 2,250 transient RV annual lease conversions this year, a new record Sun. Or nothing that is meaningful is the Lead Independent Director wet slips and dry spaces. 300 basis points in the fourth quarter Jeff Blau, CEO and manager yes, that does factor our. 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Enable Javascript and cookies in your browser ; Toggle Search form page has been a. Related companies, to our Board of Directors loss leaders, we are passing gas!, obviously, like insurance jumped up a lot this year outside of your a. That 90 % is ahead of the page in the future, please enable Javascript and cookies in your.. Provided back in October of Robyn Luu with Green Street, headquartered in Southfield, MI, operates throughout! Also offers RV resorts throughout the country provided or approved by Sun Communities executive team CEO. Buying 453,841 units of Sun Communities executive team & amp ; key Decision Makers leaders, we able! Robyn Luu with Green Street fuel at our cost to attract members of! I think it reflects our strategic plan with Management about how employees evaluate their executive team amp... The country Communities Org Chart gary Shiffman at Sun Communities since 2020 90 % is ahead of the NOI.... 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