gary shiffman sun communities email addressgary shiffman sun communities email address

1993: The firm goes public as Sun Communities Inc. 1994: Sun has the best-performing stock among manufactured housing . 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 . You can see the complete history of Mr. Shiffman stock trades at the bottom of the page. This creates a very sticky customer base and gives us the ability to grow rents. 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. This information is according to proxy statements filed for the 2021 . We have built our culture around a simple customer service philosophy: The Golden Rule. Our next question is from the line of John Kim with BMO Capital Markets. Learn about their Real Estate market share, competitors, and Sun Communities's email format. I think it totally reflects quality, location and value of the assets in our portfolio. 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. Please go ahead. Hi, everyone. Looking ahead, we have a solid development and expansion pipeline that can deliver accretive growth for years to come as well as the proven skill set and platform to sustain our growth. Gary Shiffman . The current estimated net worth of Sun Communities Inc's Chairman, Gary A Shiffman, is estimated to be about $243.54M . Welcome to the Sun Communities Fourth Quarter and Year End 2022 Earnings Conference Call. 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. Included in our revenue-producing site gains were over 2,250 transient RV annual lease conversions this year, a new record for Sun. Mr. Shiffman is an executive officer and a director of SHS and all of our other corporate subsidiaries. You called out $18 million increase in property-related insurance. (business & personal). Garry Shiffman, age 67, helped his father Milton M. Shiffman, who was a medical practitioner, built Sun Communities. 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). Throughout 2022, we continue to focus on corporate expense rationalization, including process efficiencies and reducing our office footprint. On average, Gary trades about 19,735 units every 69 days since 2003. [Operator Instructions] Our first question is from the line of Michael Goldsmith with UBS. Every home they own was meant for demolition. We received an approximate 50% uplift in revenue in the first full year after conversion. million verified professionals across 35 million companies. Similar to last quarter, this quarter's outperformance was driven by total marina real property NOI, interest income and U.K. tax favorability. Good morning. Next, we'll consider growth that. 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. Additionally, we regularly evaluate our portfolio for capital recycling opportunities to enhance our long-term growth profile. And we expect about 60% of these revenue-producing sites to come from RV transient site conversions to annual leases. We're very pleased with our 2022 achievements. Last updated: 27 February 2023 at 4:00pm EST. Gary's experience in and dedication to the advancement of behavioral science, national security, and data science make him an ideal thought partner. Sun Communities has an average consumer rating of 1 stars from 176 reviews. What Could Elon Musk Possibly Be Thinking? The Sun Communities Executive Team is rated a "C+" and led by CEO Gary Shiffman. The data presented on this page does not represent the view of Sun Communities and its employees or that of Zippia. 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. 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. 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? At year-end, our combined MH and RV occupancy was nearly 97%, reflecting approximately 96% occupancy within our manufactured housing portfolio. 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. At our RV communities, we set another annual record for site conversions to annual leases. Yes. He is a member of our Executive Committee. Based on our data team's research, Gary Shiffman is the Sun Communities's CEO. And I would remind the market, we have very manageable maturities, no looming towers over the course of the next couple of years. Do you have a preference from proceeds, whether it's to pay down variable-rate debt or to recycle or to buy assets? As of 2022, Sun Communitiess net worth stands at 20-24 billion USD. 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. Thanks. 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. Okay. Thank you. And then, while we certainly know there are headwinds on site build housing, especially due to mortgage rates, the delta difference between a single-family residence and the overall cost of living in one of our manufactured housing communities is such that for many, many Americans, manufactured housing will be the only option available for home ownership. Gary A. Shiffman; CEO, President & Chairman; Sun Communities, Inc. John Bandini McLaren; EVP; Sun Communities, Inc. Anthony Franklin Powell; Research Analyst; Barclays Bank PLC,. 50 followers 40 connections. I don't have that broken out here in front of me. As I assume my new responsibilities focusing on our MH development efforts, I look forward to supporting Bruce and the entire team. 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. Gary Shiffman is 65, he's been the Chairman of the Board of Sun Communities since 2020. So, your math as far as the headwind from an expense growth perspective tracks. Average price was about $196,000. And second, specifically on marinas, how much longer do you think you can push at an elevated level? And more so a question on how we should think about modeling this line item going forward. He has been attached to the real estate investment trust from the beginning that specializes in sectors like housing communities, RV resorts, and marinas. We've done over $2.2 billion of IG unsecured bonds with that public market. 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. | 27 februari 2023 Jeff's experience and leadership will be a tremendous addition to our team. And so, our expectation is a more normalized year-over-year transient growth. 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. But I think when we talk about supply/demand, we talk about over 11 million vessels registered for 800,000, 900,000 wet and dry slips. Looking for a particular Sun Communities employee's phone or email? And so, it's something that we watch and talk about very closely as we think about what increases and how we can push further on both MH and RV. Search over 700 I think that we don't typically provide guidance towards acquisitions and, of course, capital marketplace activities. Bloomberg Daybreak Middle East. At the midpoint, these rental increases are 6.3% for manufactured housing, 7.8% for RV and 7.5% for marinas. 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? The CEO of Sun Communities, Inc. ( NYSE:SUI) is Gary Shiffman. 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. 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. 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. Got it. 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. Together, the two parks one in Jurupa Valley and another in Banning, accordingContinue reading Gary Shiffman bought 364.42k shares over the last 12 months at an average price of US$195. Since we achieved an investment-grade rating in 2021, we have now issued $2.2 billion of unsecured fixed-rate notes across four tranches. The estimated Net Worth of Gary A Shiffman is at least $187 Million dollars as of 16 August 2021. Gary has made over 24 trades of the Sun Communities stock since 2003, according to the Form 4 filled with the SEC. And I think our strategy has really stood the test of time. Like is it a two-year kind of payback, three-year? Certainly with the headwinds of interest rates today, that is one big focus, Wes. Required fields are marked *. Email Formats. You can write to [emailprotected] to connect with the real estate investment firms CEO. 10 free leads on us . So, that doesn't reflect market prices to 15%? New home sales are up. Please go ahead. Our Communities. Just one quick one from me on acquisitions. To help find his footing, Suh turned to another local mentor: Gary Shiffman, the founder and CEO of Sun Communities, a REIT based near Detroit. John? Thank you. 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. Explore this wiki for details such as Sun Communities CEO email, Gary Shiffman net worth, and Sun Communities net worth. Included in this expected expense growth is an approximately $18 million increase in property-related insurance costs. So, there's no specific plan. 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. Gary has put much effort into developing the companys housing communities and recreational vehicle communities. I think I'd remind everybody, we're going back to more of a pre-COVID normal pattern. Yes, we are seeing positive strength there. Your Same Property NOI is growing 4.9% to 5.9%, yet your guidance is calling for earnings to be down in 2023. 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. And I turn to John, who's overseeing that, to talk a little bit more about the particulars of the U.K. home sales. You might contact Gary A Shiffman via mailing address: 27777 Franklin Road, Ste 200, Southfield Mi 48034. Hi, good morning. {{ userNotificationState.getAlertCount('bell') }}. Safe Harbor Marinas Acquired for $2.1 Billion. Contact Us. The outperformance is due to higher demand for wet slips and dry storage spaces. In marinas, our 2022 Same Property results continue to demonstrate supply-demand tailwinds, with a 12:1 ratio of registered boats in the U.S. to the existing supply of leasable wet slips and dry storage spaces. But certainly, looking to actively manage our exposure to floating-rate debt. I will now turn the call over to John and Fernando to speak to our results and guidance in detail. 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. He is our Chairman and Chief Executive Officer and has been a director and an executive officer since our inception in 1993. Our next question is from the line of Josh Dennerlein with Bank of America. Yes. And we will closely evaluate and continue to evaluate our exposure that is impacted by insurance as we go forward. As Chairman and Chief Executive Officer at SUN COMMUNITIES INC, Gary A. Shiffman made $13,828,288 in total compensation. Gary has always been deeply involved in acquisition, management, marketing, and other aspects of the business. People are still positive about experiencing that outdoor vacation. How to write a complaint about Sun Communities? Similar Profiles. Please go ahead. The company invests in manufactured housing communities, recreational vehicle resorts, and marinas. 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. 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 As a reminder, this call is being recorded. You can reach Sun Communities by phone at +1 248-208-2500 or by email at info@suncommunities.com Where is Sun Communities located? Sun Communities competes in Real estate investment trust industry. Attorney General have been notify and have no control on rent increase unless the state pass a new law to protect the seniors citizen's rights on fixed income not to become homeless. Hi, good afternoon. So, it's more back to normal, I think. Could you maybe go into the three deals you did in December, MH, RV, marina in terms of cap rate sourcing? 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 . We've been quite programmatic from that perspective to support our issuance in the unsecured bond market. And as we've shared, again, that today, one of the areas that I think differentiates Sun and gives us the greatest opportunity is the ability to create new ground-up developments and expand our manufactured housing portfolio. The company undertakes no obligation to advise or update any forward-looking statements to reflect events or circumstances after the date of this release. Our platform of recession-resistant, best-in-class properties is positioned to continue generating strong cash flow growth for the benefit of our stakeholders. So, I would just point to the overall increase in insurance. SUN COMMUNITIES, INC. is an Arizona Business filed on October 7, 1997. 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. 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