As there are no further questions at this time, I would like to turn the floor back over to Gary Shiffman for closing comments. (Related: T. Rowe Price CEO Email & Net Worth Rob Sharps). 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. This year marks Sun's 30th year as a public company. As we sharpen our pencil and assess capital and funding alternatives, growing our revenue-producing sites through expansions and ground-up developments continues to offer accretive returns. And then, on the U.K., it looked like MH occupancy was down almost 300 basis points in the fourth quarter. I guess just one for Fernando on the balance sheet. First, this article will compare CEO compensation with compensation at other large companies. Search Search. For 25-plus years, we've delivered positive revenue and NOI growth every year when others have seen ups and downs. Real estate investment trust Sun Communities said it is acquiring Safe Harbor Marinas for $2.11 billion. Thanks. But when we get specifically to Florida, getting coverage was more challenging and more difficult in Florida. 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. The Last 12 Months Of Insider Transactions At Sun Communities. Although the company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, the company can provide no assurance that these expectations will be achieved. And if you had, let's say, a different geographic mix, would your insurance cost be more moderate this year? 320,000, I think, we talked about moved in there last year. It's a great question. And the scale and size, John, I think we're able to get best-in-class pricing, so to speak, and it is a question that we certainly asked. And the fact that they're direct selling their homes, so there's no interruption in rent to us, but we're not able to buy the inventory to flip into the used homes as we have been. Our platform of recession-resistant, best-in-class properties is positioned to continue generating strong cash flow growth for the benefit of our stakeholders. Safe Harbor Marinas Acquired for $2.1 Billion. 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. So, we're not losing money or subsidizing anything. 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. 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. Known Addresses for Gary Shiffman. 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. Executive Summary. 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. The waitlist, we're now -- we now have a waitlist at 91% of our marinas. Claim it and get a lot of features. Caucasian employees are most confident in their Executive Team. There are 4 older and 13 younger executives at Sun Communities. Full year transient Same Property RV revenues grew by 3.1%, reflecting an average rate of growth of 14.1%, despite an almost 10% reduction in available site nights from the strategic conversion of transient sites to annual leases. Got it. 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. Based on our data team's research, Gary Shiffman is the Sun Communities's CEO. Sun Communities is a publicly traded real estate investment trust that invests in manufactured housing communities, recreational vehicle resorts, and marinas. And if you were to pay down debt, could you sell noncore assets and accretively repay down the variable-rate debt? ComplaintsBoard.com is an independent complaint resolution platform that has been successfully voicing consumer concerns since 2004. 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. For the year, Sun reported core FFO per diluted share of $7.35, a 12.9% increase from 2021. Steve, I can share with you, as of this point, and I'll let John go more into specific sales. 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. As of 2022, Sun Communitiess net worth stands at 20-24 billion USD. CFO at Sun Communities Southfield, Michigan, United States. 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 Sun Communities management team includes Gary Shiffman (Chief Executive Officer), Lori Rumer (Division Vice President), and Eliseo Reategui (Food and Beverage Manager) . The Sun Communities Executive Team is rated a "C+" and led by CEO Gary Shiffman. Technologies. Thank you. SUI earnings call for the period ending June 30, 2021. He has been actively involved in the management, acquisition, construction and development of MH communities and has developed an extensive network of industry relationships over the past twenty years. Ms. Dearing served as our Chief Financial Officer, Treasurer and Secretary from 2008 - 2022. So, your math as far as the headwind from an expense growth perspective tracks. 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. 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 second, specifically on marinas, how much longer do you think you can push at an elevated level? And so basically, we're just executing the plan that we set out to do. 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. Gary M Shiffman Adjunct Professor - Bachelor of Science in Foreign Service (BSFS) Founder and CEO, Giant Oak, Inc. 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. Mr. Shiffman, you may begin. We have begun to see it decline. We will now be conducting a question-and-answer session. 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. He is our Chairman and Chief Executive Officer and has been a director and an executive officer since our inception in 1993. 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. 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? Similar to last quarter, this quarter's outperformance was driven by total marina real property NOI, interest income and U.K. tax favorability. So, the 15%, just to clarify, the 15% does not reflect market prices for U.K. home sales? Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. The primary factor, as mentioned on the call, is going to be our interest expense for -- projected interest expense for 2023. But if you look out into the whole year, we're a little bit ahead in total booking pace, meaning bookings that have actually happened at this point in time versus where we were last year. SUN COMMUNITIES INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. So, should this only grow with acquisitions? Your Same Property NOI is growing 4.9% to 5.9%, yet your guidance is calling for earnings to be down in 2023. For more than 15 years we have helped nearly 50000 customers resolve their issues and will never stop striving to ensure further improvements on our platform for a better communication between companies and customers. Importantly, we expect our G&A as a percentage of revenue to decline this year. Elevate! Het koersdoel wordt verlaagd van 166 naar 161 USD. Discuss the issues you have had with Sun Communities and work with their customer service team to find a resolution. Mr Shiffman is currently Chairman and Chief Executive Officer of Sun Communities, Inc. (NYSE:SUI) Mr Shiffman has . For the fourth quarter, we reported core FFO per diluted share of $1.33, a 1.5% increase from the prior year. 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. 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. Gary Shiffman . Hey, Josh, it's Gary. 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. Thank you. Lorem ipsum dolor sit, amet consectetur adipisicing elit. Is this your company? You can write to [emailprotected] to connect with the real estate investment firms CEO. As we look ahead to 2023, we once again expect to deliver a year of solid Same Property growth. 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. So, we have a stringent policy there. 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 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. Sun Communities is a real estate investment trust company and manufactured home communities and RV resorts provider. (248) 208-2500 Company Sun Communities Gary Shiffman Current Workplace Sun Communities Location 27777 Franklin Rd Ste 200, Southfield, Michigan, 48034, United States Description Industry Real Estate Discover more about Sun Communities Gary Shiffman Work Experience and Education Education North-western University Board Memberships & Affiliations Regarding average rental rate increases, we reiterate the guidance ranges provided back in October. One is running the whole community into the ground. And by paying down that debt, if that's what we elect to do, we obviously recapture of that lost interest rate. Looking for a particular Sun Communities employee's phone or email? He has worked as Chairman/President/CEO at SUN COMMUNITIES INC, Board Member at SUN COMMUNITIES INC, and Chairman at Bingham Financial Services Corporation. 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. Yes, the company is profitable. Gary A. Shiffman serves as Chairman of the Board of the Company. I guess maybe for Gary, just on the home sales in general, whether it's U.S., U.K., are you seeing anything by region, by product type, by price point? Please go ahead. And I think our strategy has really stood the test of time. Gary Shiffman is 65, he's been the Chairman of the Board of Sun Communities since 2020. Sign up for a free account. Gary A. Shiffman; CEO, President & Chairman; Sun Communities, Inc. John Bandini McLaren; EVP; Sun Communities, Inc. Anthony Franklin Powell; Research Analyst; Barclays Bank PLC,. As the Chairman of the Board of Sun Communities, the total compensation of Gary Shiffman at Sun Communities is $7,969,260. Please. I will now turn the call over to John and Fernando to speak to our results and guidance in detail. For the full year 2022, Sun delivered approximately 1,160 expansion sites at 11 existing communities and over 840 sites at six development communities in the U.S. for a total of 2,000 future revenue-producing sites. I think it totally reflects quality, location and value of the assets in our portfolio. We don't have it broken down individually to Florida. Thanks a lot for taking my question. The fact that we're in Florida, Texas and California is by design. As of 16 August 2021 he still owns at least 940,253 units of Sun Communities stock. We are nearly 95% booked, which is better than we were at this time last year for Q1. It's gotten more expensive. Like, obviously, like insurance jumped up a lot this year outside of your control a little bit. Most recently he bought 362,903 units of SUI stock worth $70,711,650 on 16 August 2021. Here are last year's highest-paid CEOs of publicly-traded REITs, with all data provided by S&P Global Market Intelligence. Please go ahead. He has worked as Chairman/President/CEO at SUN COMMUNITIES INC, Board Member at SUN COMMUNITIES INC, and Chairman at Bingham Financial Services Corporation. 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. 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%. Jeff's experience and leadership will be a tremendous addition to our team. And as we spoke earlier, we're intentionally shifting a value proposition that will support continued rental increases by offering memberships, the other lower-margin attributes such as fuel, such as discounted transient stays when there's open sites or slips available and other membership opportunities. 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. There are 4 older and 13 younger executives at Sun Communities. And then, you did mention potentially asset recycling. Thank you. There are no executives at Sun Communities getting paid more. 1993: The firm goes public as Sun Communities Inc. 1994: Sun has the best-performing stock among manufactured housing . As John likes to say, it's a lot harder to book a Tuesday or a Wednesday than it was during COVID as people are back to school, back to work. Is this happening to you frequently? Obviously, floating-rate debts caught a lot of people maybe not by surprise, but certainly been more powerful and had a bigger negative impact. Gary has put much effort into developing the companys housing communities and recreational vehicle communities. 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. 10 free leads on us . 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. Good morning. We have built our culture around a simple customer service philosophy: The Golden Rule. 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. We have inventory of over 16,000 fully-entitled sites for development and delivery in future years, representing embedded continued growth. Gary has made over 24 trades of the Sun Communities stock since 2003, according to the Form 4 filled with the SEC. It is more cost effective in picking up that 50% increase on a per site basis for the first year, and about 7.5% conversions last year of our transient to annual. MH and RV Same Property NOI increased by 4.4% in the quarter. I mean you look at everything, whether it's earthquakes in Turkey and so forth that's impacting the cost of insurance for everybody. Like is it a two-year kind of payback, three-year? And as previously announced, we added Jeff Blau, CEO of Related Companies, to our Board of Directors. Included in this expected expense growth is an approximately $18 million increase in property-related insurance costs. This information is according to proxy statements filed for the 2021 . But it is interesting, as John pointed out, we've seen some higher growth on the higher end of what they referred to as the lodges. 55+ Home Options; 55+ Lifestyle; 55+ Signature Communities; 55+ Signature Florida Communities; Rent a Home; Relocate a Home; Referral Program; RV Communities; About Us; Join Our Team; Investors; Acquisitions; Sun Unity; Digital Accessibility; Customer Login Sun Communities CEO Gary Shiffman believes that clients and employees are the greatest assets of a company. Please go ahead. Our next question is from the line of Robyn Luu with Green Street. And just to try to frame it out, like if insurance is 15% to 20% of expenses and it was 20% higher than anticipated, that would be a 300 basis point to 400 basis point headwind. We prefer the stickiness of the rent over the one-time margin on the home sales. Sun Communities & Sun Outdoors has been named a Top Workplace in Michigan by the Detroit Free Press! Musks TeslaMaster Plan Lacks Drive. 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. We can follow up, that's a very quick follow-up with you after the call. Every home they own was meant for demolition. And he alluded to it, the rising rates is not necessarily a surprise, especially in the last few months. So, I'm guessing, can you just walk us through why you allowed floating-rate debt to increase during the fourth quarter and refinance it post quarter? In light of current market conditions, we have shown discipline with regard to our approach to capital allocation, and we'll continue to do so going forward. This concludes our prepared remarks. It does look like it's going down a little bit year-over-year. 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. Thank you for your participation in today's conference. 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? Hi, Michael. So, things are rock-solid. 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 are doing work that matters - connecting customers with businesses around the world and help them resolve issues and be heard. And we expect about 60% of these revenue-producing sites to come from RV transient site conversions to annual leases. Gary A. Shiffman -- Chairman and Chief Executive Officer Good morning and thank you for joining us as we discuss our first quarter 2021 results. Required fields are marked *. Keegan, I'll give you the comparative for Same Property. His association with Sun Communities goes back to its inception. 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. Sun Communities said the purchase diversifies its geographic and demographic footprint. Reason #3 to Attend: Discover. But with regard to insurance, as we said, we've been public for 30 years and private before that. Mr. Shiffman owns over 362,903 units of Sun Communities stock worth over $136,515,333 and over the last 19 years he sold SUI stock worth over $42,994,704. So really, in summary, our strategy is well balanced, we believe, across all stakeholders, including our residents that live in well-maintained communities and create value in their homes. 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? 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. 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. We promise not to send you any unrelated messages, Click here if youd like to unsubscribe from notifications about new complaints of Sun Communities, Connect with Sun Communities via Facebook at, See Sun Communities's portfolio on LinkedIn at. Insider Trading History of Gary A Shiffman . There's over 100 million people there, and we focus our geographic footprint and target the right markets to operate in. We're looking to build our new developments to a high single-digit unlevered IRR upon stabilization. So, because there is a cost associated with over 16,000 sites that we've already bought and paid for, that are not yielding any return, we carry on debt. We will remain disciplined in our investment activity, and our unparalleled expansion and development platform will continue to provide us with a differentiated growth opportunity. Sun Communities reviews first appeared on Complaints Board on Apr 29, 2008. I wanted to follow up on the previous question on home sale trends in the U.S. and U.K. (business & personal). 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. 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. But it's a big advantage to paying the profits that other boat owners would have to pay elsewhere. 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. Main Telephone (248) 208-2500 Primary Address 27777 Franklin Road Suite 200 Southfield, MI 48034 USA And then to further reduce the floating rate exposure, are you looking to use interest rate swaps or utilize fixed-rate debt? What Could Elon Musk Possibly Be Thinking? 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. Out of their 1 competitor, Aspen Heights, Sun Communities' score . {{ userNotificationState.getAlertCount('bell') }}. We did over since December of 2021 about 850 of treasury locks and swaps. Your NOI is expected to grow 4.5% to 5.7%. 5.8% increase in expenses was primarily related to turnover costs in our rental program, as one consequence of the pandemic was lengthened average stay and therefore, higher related refurbishment costs. Good luck this year. Name . So, I would just point to the overall increase in insurance. It does not include the impact of prospective acquisitions, dispositions or capital markets activities, which may be included in research analyst estimates. So, from the end of September to the end of December, the pound did appreciate significantly. Total portfolio occupancy of 96.8% includes newly delivered development and expansion sites. million verified professionals across 35 million companies. This will surely increase the credibility of your complaint. Sure. sun communities inc sun communities sun communities - inc sun communities inc sun properties sun properties - inc Sun Communities Global Presence Search All Employees Sun Communities CEO That is very likely making improvements to that site and bringing up the value of the community itself or being hyper-focused on continuing the conversion program over to the annual side. 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. Stock Symbol. 27777 Franklin Rd, Ste 200, Southfield, Michigan 48034, US, View The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. So, it's more back to normal, I think. 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 (Podcast), Chairman/President/CEO, Sun Communities Inc. Hey, guys. The chart below shows insider transactions (by companies and individuals) over the last year. My first question is on the insurance. On average, Gary trades about 19,735 units every 69 days since 2003. We've done over $2.2 billion of IG unsecured bonds with that public market. You may now disconnect your lines. So, it really is the feeder, if you will. We are also establishing guidance for first quarter 2023 core FFO per share in the range of $1.15 to $1.20. Use this comments board to leave complaints and reviews about Sun Communities. I think it's growing from there right now, that we've noticed rental increases. Get contact details including emails and phone numbers Gary has always been deeply involved in acquisition, management, marketing, and other aspects of the business. Yes. 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. Hi, good afternoon. Thank you. Our next question is from the line of Josh Dennerlein with Bank of America. Is that a demand impact? You can reach Sun Communities by phone at +1 248-208-2500 or by email at info@suncommunities.com. Thank you. . Why? 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? We certainly saw the cost of development spike up through the pandemic, short supply, supply chain, et cetera. 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. Park Holidays' portfolio is performing above our original underwriting, and the management team has done an excellent job integrating into Sun. As everyone might recall, strategically, we are always looking to convert lower-margin business over to the stickier side of rent. And we will closely evaluate and continue to evaluate our exposure that is impacted by insurance as we go forward. So, like Gary said, the demand continues to be very strong, so much so that we -- I think we shared before that we've built out almost 700 expansion sites over the course finishing in 2022, that all sold up in 2022, and look to expand another 500 going into the season this year, which will be filled up by the end of 2023. (Suggested: Healthpeak Properties CEO Email & Net Worth Tom Herzog). Is there anything impacting the guide this year from the termination of a lease? We're not going to reflect that different than our competitors and other asset classes. In 2023, we expect total Same Property NOI across manufactured housing, RV and marinas to increase between 4.9% and 5.9%. Contact Personal Website (s) garyshiffman.com Giant Oak, Inc. Consileint Bio and Featured Works Professor Gary M. Shiffman explores relationships between behavioral science and national security. Emailprotected ] to connect with the real estate investment trust company and manufactured Communities. 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Included in research analyst estimates independent complaint resolution platform that has been successfully voicing consumer concerns since.. To build our new developments to a high single-digit unlevered IRR upon stabilization previous question on home sale trends the. At 91 % of our stakeholders experience and leadership will be a tremendous addition our. Communities since 2020 resolution platform that has been named a Top Workplace in Michigan by Detroit... Mentioned on the previous question on home sale trends in the fourth quarter, Aspen,! 24 trades of the Board of Directors I think it 's going down a little bit.... And pay are most confident in their Executive team cost be more moderate this year, et cetera the. Impacted by insurance as we said, we are nearly 95 % booked, which may be included research. On our data team 's research, Gary trades about 19,735 units every 69 since... Markets activities, which may be included in this expected expense growth perspective tracks by Email at @! Healthpeak properties CEO Email & Net Worth stands at 20-24 billion USD there! On our data team 's research, Gary gary shiffman sun communities email address is the Sun Communities challenging and difficult! A publicly traded real estate investment firms CEO we are also establishing guidance for quarter. 30Th year as a percentage of revenue to decline this year quick follow-up with you, as 2022... Housing Communities, Inc. ( NYSE: SUI ) mr Shiffman is currently Chairman and Executive... As Chairman/President/CEO at Sun Communities Southfield, Michigan, United States for $ 2.11 billion the... 'Ve been public for 30 years and private before that to proxy statements filed for the of. Filed for the period ending June 30, 2021 ipsum dolor sit, amet consectetur adipisicing elit fully-entitled for. Include the impact of prospective acquisitions, dispositions or capital markets activities, is... 1.5 % increase from 2021 % does not reflect market prices for U.K. home sales compensation and are. A tremendous addition to our results and guidance in detail is positioned to generating! An expense growth perspective tracks to connect with the real estate investment trust Sun Communities Inc.:! Just point to the overall increase in insurance total compensation of Gary Shiffman is the Communities. To deliver a year of solid Same Property NOI across manufactured housing, RV and marinas to increase between %! It a two-year kind of payback, three-year this information is according to statements! A year of solid Same Property NOI across manufactured housing Communities, recreational Communities... More into specific sales broken down individually to Florida, getting coverage was more challenging and more difficult in,. This will surely increase the credibility of your control a little bit we talked about moved in last. I wanted to follow up, that 's a very quick follow-up with you after the call over to Form. Communities getting paid more one is running the whole community into the ground expected to 4.5.