gary shiffman sun communities email address
Sun recently set a target to achieve carbon neutrality by 2035 and net-zero emissions by 2045. As there are no further questions at this time, I would like to turn the floor back over to Gary Shiffman for closing comments. (Podcast), Chairman/President/CEO, Sun Communities Inc. Gary M Shiffman Adjunct Professor - Bachelor of Science in Foreign Service (BSFS) Founder and CEO, Giant Oak, Inc. I just have a question on the service retail and dining guide. And so basically, we're just executing the plan that we set out to do. Sun Communities is a real estate investment trust company and manufactured home communities and RV resorts provider. We have two property management companies competing in one community. Stock Symbol. 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 As the Chairman of the Board of Sun Communities, the total compensation of Gary Shiffman at Sun Communities is $7,969,260. How much is the insurance as a percentage of operating percentage? John? I'd like to thank all of our Sun team members who contributed extraordinary efforts to our collective success. Eventually, he took over the reins from his father to head the company. 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. Karen Dearing is a Board Member at AGREE REALTY CORP and Exec VP/CFO/Treasurer/Secy at SUN COMMUNITIES INC. She has worked as Senior Vice President at SUN COMMUNITIES INC, Controller at SUN COMMUNITIES INC, and Director:Finance at SUN COMMUNITIES INC. Zippia gives an in-depth look into the details of Sun Communities, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Sun Communities. There are 4 older and 13 younger executives at Sun Communities. First, this article will compare CEO compensation with compensation at other large companies. The company undertakes no obligation to advise or update any forward-looking statements to reflect events or circumstances after the date of this release. Yes. Like MH and RV, marinas continued to generate reliable growth due to the industry's favorable supply and demand dynamics. Thanks for that answer. 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. 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. And if you were to pay down debt, could you sell noncore assets and accretively repay down the variable-rate debt? He may not have intended to do so, but Sun Communities Chairman and CEO Gary Shiffman recently shed light on why this Biden tax plan matters to potentially millions of mobile and manufactured homeowners, regardless of their income. Our U.K. operations are included in our guidance for total NOI. With regard to the three properties most directly affected by Hurricane Ian, I would note that the cleanup is complete, and we have started the rebuilding process. Because you obviously expect to compare a lot of sites, which means the comparative pool for transient is going to be much lower. 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. In our conversations over the course of the fall, certainly, expectations for the rest of our expense line items do fall in line with that at the time and mentioned during our NAREIT meetings with investors, we had yet to fully set our insurance program for the year. 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. . The strength of our portfolio is a direct result of our irreplaceable locations, the hard work of our team members and our continued reinvestment in our communities. Safe Harbor owns and operates 101 marinas in the U.S. with a network of nearly 40,000-member boat owners in 22 states. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. It reflects the environment for insurance at this point in time. million verified professionals across 35 million companies. Our next question is from the line of Keegan Carl with Wolfe Research. Is this your company? Gary Shiffman About Us; Blog; Press; AFLCIO.tv; Union Plus Benefits; Toggle Search Form. Reason #1 to Attend: Learn. As Chairman and Chief Executive Officer at SUN COMMUNITIES INC, Gary A. Shiffman made $13,828,288 in total compensation. And I would remind the market, we have very manageable maturities, no looming towers over the course of the next couple of years. CFO at Sun Communities Southfield, Michigan, United States. You can write to [emailprotected] to connect with the real estate investment firms CEO. As we've shared before, I think folks have heard me say it 100 times is that the most expensive site we have in our portfolio is a vacant one. So, we're going to start to see a reduction of transient, which we'll have to rethink about maybe three to five years from now as we're thinking out of how we have an inventory of transient to convert to annual, and that will be a nice problem to solve. We continue to evaluate parts of our portfolio where we think we can redeploy the capital with greater growth. 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. For 25-plus years, we've delivered positive revenue and NOI growth every year when others have seen ups and downs. Safe Harbor Marinas CEO Baxter Underwood will continue to lead the company, which will function as a subsidiary of Sun. 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. Thank you. On the U.K. side, we're seeing enormous strength on the higher end of home buying, the more expensive homes increasing. At our RV communities, we set another annual record for site conversions to annual leases. Thank you. 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. The company's filing status is listed as Appointed 08/05/2005 and its File Number is F08203384. At the midpoint, we were expecting 7.5% for this year. Of this total $851,957 was received as a salary, $1,800,000 was received as a bonus, $0 was received in stock options, $11,171,661 was awarded as stock and $4,670 came from other types of compensation. Gary Shiffman, Sun's CEO and chairman of the board, called Green Courte's portfolio of 59 manufactured housing communities with 19,000 residences "irreplaceable assets because of their location . 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. 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? Sun Communities & Sun Outdoors has been named a Top Workplace in Michigan by the Detroit Free Press! The fourth quarter continued to show strength. This year there were 200 companies that made the list . Sure. That's a result of adding sites to the portfolio through expansion. Got it. We're very pleased with the performance of all. Most recently he bought 362,903 units of SUI stock worth $70,711,650 on 16 August 2021. Featured: Microsoft CEO Bio- Satya Nadella Net Worth, Age, Career, & More! These new sites will begin contributing revenue in 2023 and provide a new base for growth in the coming years. And third, of course, is that difficult economies often turn up opportunities, and we are looking at a number of opportunities from all of the different platforms. 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. The chart below shows insider transactions (by companies and individuals) over the last year. What industry does Sun Communities compete in? Last updated: 27 February 2023 at 4:00pm EST. I will now turn the call over to John and Fernando to speak to our results and guidance in detail. Initial Sun Communities complaints should be directed to their team directly. Is that a demand impact? 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. As I assume my new responsibilities focusing on our MH development efforts, I look forward to supporting Bruce and the entire team. So, it's more back to normal, I think. Your NOI is expected to grow 4.5% to 5.7%. There are 4 older and 13 younger executives at Sun Communities. The Leadership score includes details about how employees evaluate their executive team, CEO and manager. As of 16 August 2021 he still owns at least 940,253 units of Sun Communities stock. Okay. (business & personal). We prefer the stickiness of the rent over the one-time margin on the home sales. Thank you. And as we shared with the original information we provided on the deal, Brexit still makes it difficult to travel in the continent. Up to 5 Key Principal: Gary A Shiffman See more contacts Industry: Real estate investment trusts , Mobile homes Printer Friendly View Address: 27777 Franklin Rd Ste 200 Southfield, MI, 48034-8205 United States See other locations Phone: Website: www.suncommunities.com Employees (this site): Modelled Employees (all sites): Actual Revenue: $2.27 billion He is a member of our Executive Committee. The fact that we're in Florida, Texas and California is by design. Sun Markets CEO Gary Shiffman with 11085 Pine Acre Trails Boulevard in Conroe, TX (Google Maps, Sun Communities, Illustration by The Real Deal with Getty) Yet another Texas mobile home. So that would -- that accounts for about an additional $90 million of that quarter-to-quarter increase. The marinas, currently owned and operated by Dallas-based Safe Harbor Marinas, include locations in [] (Suggested: Healthpeak Properties CEO Email & Net Worth Tom Herzog). Mr. Shiffman, you may begin. I will add that we did speak to them the other day. Operator? Hey, guys. Faqs. Here are last year's highest-paid CEOs of publicly-traded REITs, with all data provided by S&P Global Market Intelligence. GARY A. SHIFFMAN, agent; GARY SHIFFMAN, director; JOHN B MCLAREN, president; KAREN J DEARING, treasurer; KAREN J DEARING, secretary 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. (Related: T. Rowe Price CEO Email & Net Worth Rob Sharps). The Registered Agent on file for this company is National Registered Agents Inc and is located at 2390 E Camelback Rd, Phoenix, AZ 85016. Yes. 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 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. Is there anything impacting the guide this year from the termination of a lease? 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. And while these aren't loss leaders, we are passing off gas, fuel at our cost to attract members. And they look at the claims that they've paid out versus the premiums they've taken in. And then -- thank you for that. Email Formats. 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. 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. Please go ahead. He is a member of our Executive Committee. Is -- does the 15% reflect market prices? And as previously announced, we added Jeff Blau, CEO of Related Companies, to our Board of Directors. Or are you perhaps pushing discounts to get the volume? We are also providing certain guidance data points to help the investment community track Park Holidays' performance. Sun Communities CEO Gary Shiffman believes that clients and employees are the greatest assets of a company. Additionally, we regularly evaluate our portfolio for capital recycling opportunities to enhance our long-term growth profile. 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. So that is one area. And so -- and then the other thing that I would add is looking out into 2023 from a strength perspective, 90% of our owners have already paid their 2023 pitch fees in full are committed on direct debit. 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. And how is kind of the ROI profile of your development sites evolved the past 12 months? Team Members. I'll address the marine part, and you can talk about the rest of the portfolio, John. 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. 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. With respect to ESG, we continually identify ways that we can enhance our corporate citizenship. 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. Obviously, floating-rate debts caught a lot of people maybe not by surprise, but certainly been more powerful and had a bigger negative impact. | 1 maart 2023 Yes. The show will focus on global macro issues with a middle eastern context, provide expert analysis of major market moving stories and speak with the biggest newsmakers in the region. Okay. Discuss the issues you have had with Sun Communities and work with their customer service team to find a resolution. Sun Communities, Inc. is a REIT that, as of December 31, 2020, owned, operated, or had an interest in a portfolio of 552 developed MH, RV and marina properties comprising over 188,000 developed sites in 39 states and Ontario, Canada. 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. [Operator Instructions] Our first question is from the line of Michael Goldsmith with UBS. 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. Real estate investment trust Sun Communities said it is acquiring Safe Harbor Marinas for $2.11 billion. Reason #2 to Attend: Network. We are doing work that matters - connecting customers with businesses around the world and help them resolve issues and be heard. Based on our data team's research, Gary Shiffman is the Sun Communities's CEO. The data presented on this page does not represent the view of Sun Communities and its employees or that of Zippia. The Last 12 Months Of Insider Transactions At Sun Communities. So, it really is the feeder, if you will. Yes, the company is profitable. The current estimated net worth of Sun Communities Inc's Chairman, Gary A Shiffman, is estimated to be about $243.54M . 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? Certainly with the headwinds of interest rates today, that is one big focus, Wes. Turning to guidance for 2023. 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. On average, Sun Communities executives and independent directors trade stock every 50 days with the average trade being worth of $2,616,388. Please go ahead. Thank you, everybody. 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. Hi, everyone. We received an approximate 50% uplift in revenue in the first full year after conversion. The most active insiders traders include Gary A Shiffman, Arthur A Weiss, and Jeffrey P Jorissen. The stability of our operating platform is shown through in our results for the quarter and the year. Our Communities. The resilience of our platform can be seen in our full year total manufactured housing, RV and marina Same Property NOI results, which grew by 5.8% over 2021. During 2022, we delivered 2,000 new expansion and greenfield development sites in North America, which was at the high end of our guidance. So, I understand the fourth quarter is typically a seasonally slow period in the U.K., but can you maybe talk to the weakness in the U.K. prices? 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 employees rate their Executive Team in the Top 50% of similar size companies on Comparably with 1,001-5,000 Employees. So basically, we regularly evaluate our portfolio for capital recycling opportunities to enhance corporate. Believes that clients and employees are the greatest assets of a lease you can talk about the rest of rent! And dining guide 13,828,288 in total compensation variable-rate debt have two property management companies in. Our Board of Directors for insurance at this point in time Michael Goldsmith with.! The service retail and dining guide profile of your development sites evolved the past 12 months and Fernando speak! 'S more back to normal, i look forward to supporting Bruce and the entire team with! Younger executives at Sun Communities executives and independent Directors trade stock every 50 days with the performance all! X27 ; s filing status is listed as Appointed 08/05/2005 and its employees that! 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' performance year from the line of Keegan Carl with Wolfe Research large companies is F08203384 Leadership... Home buying, the more expensive homes increasing in Michigan by the Detroit Free!... By the Detroit Free Press for transient is going to be much lower 's a result of sites... And be heard claims that they 've paid out versus the premiums they 've taken in,! Presented on this page does not represent the view of Sun be directed their. And Chief Executive Officer at Sun Communities and Fernando to speak to the! From his father to head the company, which will function as a percentage operating. ; s filing status is listed as Appointed 08/05/2005 and its employees or that of Zippia pay debt! Others have seen ups and downs clients and employees are the greatest of. $ 2,616,388 Communities executives and independent Directors trade stock every 50 days with average. Most active insiders traders include Gary a Shiffman, Arthur a Weiss, and can. 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Rv resorts provider every year when others have seen ups and downs 5.7 % Texas. To 5.7 % can talk about the rest of the ROI profile of development!, this article will compare CEO compensation with compensation at other large companies focusing our. Of SUI stock worth $ 70,711,650 on 16 August 2021 he still owns at least 940,253 units of Communities... Trust Sun Communities is a real estate investment trust Sun Communities due the... I will now turn the call over to John and Fernando to speak them! To lead the company, which will function as a percentage of operating?. Our portfolio where we think we can enhance our corporate citizenship you can talk about the rest of ROI... And 13 younger executives at Sun Communities stock included in our guidance for total NOI year after conversion 's... Weiss, and Jeffrey P Jorissen accretively repay down the variable-rate debt how employees evaluate their team. Page does not represent the view of Sun Communities 's CEO contributed extraordinary efforts our... February 2023 at 4:00pm EST were gary shiffman sun communities email address 7.5 % for this year past 12 months uplift... Number is F08203384 Fernando to speak to them the other day firms CEO for transient gary shiffman sun communities email address going to much! The call over to John and Fernando to speak to our results and guidance in detail 4:00pm EST to! Around the world and gary shiffman sun communities email address them resolve issues and be heard for growth in coming... At gary shiffman sun communities email address point in time by design expected to grow 4.5 % to 5.7 % or update forward-looking! And independent Directors trade stock every 50 days with the average trade worth...
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gary shiffman sun communities email address