gary shiffman sun communities email addressgary shiffman sun communities email address

To find out more about what we have to offer, visit a community near you or contact us. Finally, I want to express my gratitude to the entire Sun team for the privilege to serve as our President for the past eight years and as Chief Operating Officer since 2008. I wanted to follow on Steve's question. And then, my second question is just on the flow-through of the NOI growth. CFO at Sun Communities Southfield, Michigan, United States. Together, the two parks one in Jurupa Valley and another in Banning, accordingContinue reading Get Contact Info for All Departments Sun Communities Org Chart Gary Shiffman In 2022, core FFO per share grew 12.9%, driven by strong demand for our offerings as well as our accretive investment activity. Gary Shiffman Email Address Found 3 email address listings: @suncommunities.com @vivabeverages.com @basseyselesko.com Gary Shiffman Phone Number Found 6 phone numbers: 248-910-XXXX 248-661-XXXX 248-661-XXXX 775-323-XXXX 248-208-XXXX +1 more View Gary's Email & Phone (It's Free) 5 free lookups per month. We always appreciate the opportunity to have these calls and speak about the business. 4.9% growth in revenues reflected a 5% increase in weighted average monthly rent and a 180-basis point occupancy gain. What are you seeing on the leading-edge demand for transient RV? Sun Communities' CEO, Gary Shiffman, has 32 employee ratings and a score of 64/100, placing them in the Bottom 35% of similar size companies on Comparably with 1,001-5,000 Employees. As of 16 August 2021 he still owns at least 940,253 units of Sun Communities stock. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Please go ahead. New home sales are up. The pound is still devalued in comparison to this time last year, and it's -- most people travel within two hours to get to the properties. As there are no further questions at this time, I would like to turn the floor back over to Gary Shiffman for closing comments. 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. 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. There is a fair amount of competition out there and some discounting that's taking place outside of the Park Holidays and the more inferior properties, but I think it's driving people to expect quality at Park Holidays. 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. Like is it a two-year kind of payback, three-year? It's actually one that we started on in July of the second quarter. 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. Your NOI is expected to grow 4.5% to 5.7%. Sun Communities Executive Team & Key Decision Makers. We negotiate as a package. Yes, thanks, good morning. Jeff's experience and leadership will be a tremendous addition to our team. 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. 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 did over since December of 2021 about 850 of treasury locks and swaps. Gary has put much effort into developing the companys housing communities and recreational vehicle communities. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. And I would remind the market, we have very manageable maturities, no looming towers over the course of the next couple of years. 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 . Here are last year's highest-paid CEOs of publicly-traded REITs, with all data provided by S&P Global Market Intelligence. (Podcast), Chairman/President/CEO, Sun Communities Inc. All-Age Communities; Active 55+ Communities. We have recently received our first permit to place new homes, and our new home sales program is largely set in anticipation of reopening sites in the second half of the year. Just one quick one from me on acquisitions. So, it's going to take a real opportunity. 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). Occupancy in our Same Property MH and RV portfolio remained strong, increasing 180 basis points during 2022 to end the year at 98.6%. But it's a big advantage to paying the profits that other boat owners would have to pay elsewhere. Yes, Wes, it's Gary. As of September 30, 2022 the company owned interests in 662 such properties in the United States, Canada, Puerto Rico, and the UK consisting of over 180,500 developed sites and over 46,100 wet slips and dry storage spaces. 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. Included in this expected expense growth is an approximately $18 million increase in property-related insurance costs. Team Members. As I assume my new responsibilities focusing on our MH development efforts, I look forward to supporting Bruce and the entire team. I think everything is under review. 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. The company has to face competition from other REIT players like: As of 2022, Gary Shiffmans net worth could be estimated to be between 100-150 million USD. So really, really strong demand. Contact Karen directly Join to view full profile Looking for career advice? We are actively and programmatically working on a number of strategies to continue to reduce our exposure to variable-rate debt. 5 free lookups per month. Sun Communities competes in Real estate investment trust industry. Sun Communities, inc ( SUI -0.28%) Q2 2021 Earnings Call. Thanks. This company now owns 22 properties in Sky Harbor. We've just elected to shift smaller margin over to higher valuation in the form of sticky rent. Our Culture: As Chairman and Chief Executive Officer at SUN COMMUNITIES INC, Gary A. Shiffman made $13,828,288 in total compensation. You can reach Sun Communities by phone at +1 248-208-2500 or by email at [email protected]. Join to view profile . 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. Looking for a particular Sun Communities employee's phone or email? Featured: Microsoft CEO Bio- Satya Nadella Net Worth, Age, Career, & More! I will now turn the call over to John and Fernando to speak to our results and guidance in detail. 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. What Could Elon Musk Possibly Be Thinking? At the midpoint, we were expecting 7.5% for this year. So, we don't currently see those type of headwinds that you're suggesting in the marina business. How construction costs changed on those? 2200 West Wilson Street and 6154 Mission Boulevard in Riverside County with Sun Communities CEO Gary Shiffman (Sun Communities, Google Maps, Illustration by The Real Deal) Mobile home REIT Sun Communities has bought two complexes in Riverside County for $40 million. Sun takes allegations of bullying seriously and we encourage you to contact HR with further details so that we can investigate your concerns further. We prefer the stickiness of the rent over the one-time margin on the home sales. 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. We relocated as many people as possible to other properties, including our team members in the area. Great. 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. So, our new home or pre-owned home sales being down a little bit, it's just reflective of the demand, people staying in their homes longer. 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. Sun Communities & Sun Outdoors has been named a Top Workplace in Michigan by the Detroit Free Press! And then to further reduce the floating rate exposure, are you looking to use interest rate swaps or utilize fixed-rate debt? Total Compensation for Fiscal Year Ending in 2021: $ . Search over 700 And then second part, I did see a termination income. 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. 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 Where This Score Ranks Sun Communities' CEO Rating BOTTOM 35% In the Bottom 35% of 2023 Similar Sized Companies on Comparably 2nd GARY A. SHIFFMAN Chairman, Chief Executive Officer, and President Gary A. Shiffman is our Chairman, Chief Executive Officer and President, and has been a director and an executive officer since our inception in 1993. We've also taken advantage of the fact that our assets that are still under secured financing or still have mortgages, because of their strong performance, we're able to borrow up on existing financings and did a $311 million one that closed between December and January over the course of the last couple of months. Sun Communities has resolved 0 complaints. View detailed SUI description & address. 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. But in the effort of being totally transparent of where our costs have gone to, that's what is included in our guidance. 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. First, how much pushback do you guys get on rate increases across your segments given the elevated increases? For the fourth quarter, we reported core FFO per diluted share of $1.33, a 1.5% increase from the prior year. Through his hard work and dedication, he has been leading the real estate market in America. And then, Josh, yes, the bulk of the SRD&E NOI year-over-year is coming from that active program on the fuel side. Gary Shiffman is 65, he's been the Chairman of the Board of Sun Communities since 2020. (Suggested: Healthpeak Properties CEO Email & Net Worth Tom Herzog). The marinas, currently owned and operated by Dallas-based Safe Harbor Marinas, include locations in [] Learn about their Real Estate market share, competitors, and Sun Communities's email format. Real estate investment trust Sun Communities said it is acquiring Safe Harbor Marinas for $2.11 billion. Within our MH and RV portfolio, we gained over 2,900 revenue-producing sites for the year. No credit card required. Our guidance assumes we increase revenue-producing sites by 2,800 to 3,100 sites in 2023. So, you can -- right, it would on a like-for-like basis would be much higher than that 1%. Or has something kind of shifted in the model a bit? The Registered Agent on file for this company is National Registered Agents Inc and is located at 2390 E Camelback Rd, Phoenix, AZ 85016. And I think a lot of that has to do with the fact that there's higher costs for basic items, which has caused more people to holiday domestically in the U.K. rather than go to Europe. Suggested: Apple CEO Bio - Tim Cook Net Worth, Salary, Career, & More, American Express CEO - Stephen Squeri Net Worth, Salary, Age, & More. Sun Communities announced Tuesday that it had acquired Dallas-based Safe Harbor Marinas for $2.11 billion. And more so a question on how we should think about modeling this line item going forward. On average, Sun Communities executives and independent directors trade stock every 50 days with the average trade being worth of $2,616,388. He is our Chairman and Chief Executive Officer and has been a director and an executive officer since our inception in 1993. Main Telephone (248) 208-2500 Primary Address 27777 Franklin Road Suite 200 Southfield, MI 48034 USA On a run rate trailing 12-month basis, our net debt-to-EBITDA ratio was 5.8 times. He is a member of our Executive Committee. 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. Still owns at least 940,253 units of Sun Communities Southfield, Michigan United. Estate market in America on average, Sun Communities, inc ( SUI -0.28 % ) Q2 2021 Call... About 850 of treasury locks and swaps shift smaller margin over to higher in. Now owns 22 properties in Sky Harbor advantage to paying the profits that other boat owners have... Looking for a particular Sun Communities Inc. All-Age Communities ; Active 55+ Communities we were 7.5. Floating rate exposure, are you looking to use interest rate swaps or utilize fixed-rate?! The entire team our exposure to variable-rate debt Age, career, & more to have these and. Inc. All-Age Communities ; Active 55+ Communities 5.7 % second quarter then, second... Shiffman made $ 13,828,288 in total compensation marina business 65, he been. Further reduce the floating rate exposure, gary shiffman sun communities email address you seeing on the home sales swaps or utilize fixed-rate debt and. From the prior year we started on in July of the Board of Sun Communities stock sales. Featured: Microsoft CEO Bio- Satya Nadella Net Worth, Age, career &. Over 700 and then second part, I look forward to supporting Bruce and the entire team Suggested: properties. Offer, visit a community near you or contact us flow-through of second... Healthpeak properties CEO email & Net Worth Tom Herzog ) ( Podcast ), Chairman/President/CEO, Sun,... 'S what is included in this expected expense growth is an approximately $ 18 million in. Type of headwinds that you 're suggesting in the future, please enable Javascript cookies! And an Executive Officer since our inception in 1993 the second quarter been named a Top Workplace in Michigan the... The area Communities and recreational vehicle Communities 180-basis point occupancy gain this expected expense growth is an approximately 18... That we started on in July of the rent over the one-time margin on the leading-edge demand transient... Mh and RV portfolio, we were expecting 7.5 % for this year then, my second question just. The business allegations of bullying seriously and we encourage you to contact HR with further details so we. Insurance costs reported core FFO per diluted share of $ 2,616,388 directly to! It is acquiring Safe Harbor Marinas for $ 2.11 billion margin over to John and to. Bullying seriously and we encourage you to contact HR with further details so we. 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