The Leadership score includes details about how employees evaluate their executive team, CEO and manager. 176 Thank you. I don't believe we'll lose any opportunities because Sun always has a seat at the table and just about all of the sellers will reach out to Sun, either directly or through a relationship or brokerage. 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. Throughout 2022, we continue to focus on corporate expense rationalization, including process efficiencies and reducing our office footprint. 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. 5 free lookups per month. Please go ahead. 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. 2023 Sun Communities, Inc. All Rights Reserved. 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 And then, on the U.K., it looked like MH occupancy was down almost 300 basis points in the fourth quarter. First, this article will compare CEO compensation with compensation at other large companies. We will now be conducting a question-and-answer session. 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 . Identity theft? So, your math as far as the headwind from an expense growth perspective tracks. What are you seeing on the leading-edge demand for transient RV? Sun Communities reviews first appeared on Complaints Board on Apr 29, 2008. How are you guys thinking about that? So, it's going to take a real opportunity. 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. 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 . And then to further reduce the floating rate exposure, are you looking to use interest rate swaps or utilize fixed-rate debt? (248) 208-2500 Phone (HQ) @suncommunities.com Email @gmail.com Email 27777 Franklin Rd Ste 200, Southfield, Michigan, 48034, United States Office Address (HQ) Reveal for Free Work Biography for Gary Shiffman, Sun Communities And as we shared with the original information we provided on the deal, Brexit still makes it difficult to travel in the continent. Is there anything impacting the guide this year from the termination of a lease? Through his hard work and dedication, he has been leading the real estate market in America. Gary has always been deeply involved in acquisition, management, marketing, and other aspects of the business. 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. The outperformance is due to higher demand for wet slips and dry storage spaces. 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 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. The chart below shows insider transactions (by companies and individuals) over the last year. It does look like it's going down a little bit year-over-year. Thank you. Legal taxes and insurance of our Same Property portfolio represent -- are expected to represent about 10% this year. 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. We will now open the call for questions. We did over since December of 2021 about 850 of treasury locks and swaps. I'll now turn the call over to Gary Shiffman, Chairman, President and Chief Executive Officer. China Loses More Than 40 Million Workers as Population Ages, Silvergates Worsening Crypto Losses Feed Watchdogs Worst Fears, Mexico Central Bank Cuts GDP Forecasts With Key Rate at Record 11%, Feds Bostic Urges 5% to 5.25% Rates Into 2024 to Curb Inflation, Mexico Could Consider Slowing Pace of Rate Hikes, Banxico Deputy Mejia Says, Vietnams VinFast Delivers First EVsto US Customers, EU Seeks to Salvage Combustion-Engine Ban After Germany Balks, EQT-Led Group Agrees to Buy Radius Global in $3 Billion Deal, Asias Richest Man Mukesh Ambani to Foray Into Genome Testing with $145 Kit, Snowflake Outlook Misses With Cloud Spending Under Pressure, Crackdown on Black Africans Fuels Attacks and Rebuke in Tunisia, China, Belarus Issue Vague Call for Bringing Peace to Ukraine, Singapore Wealth Firm Sees Rapid Growth Catering to Rich Families, BillionaireFamily Down $730 Million in Brazil Health Providers Stock Rout, Murdochs Fawning Letter to FIFA Chief Disclosed in World Cup Bribery Case, This Starbucks VP Turned Caribbean Rum Distiller Is the Anti-Captain Morgan. Gary Shiffman About Us; Blog; Press; AFLCIO.tv; Union Plus Benefits; Toggle Search Form. So, I would just point to the overall increase in insurance. Gary's mailing address filed with the SEC is 27777 FRANKLIN ROAD, SUITE 300, SOUTHFIELD, MI, 48034. Gary A. Shiffman; CEO, President & Chairman; Sun Communities, Inc. John Bandini McLaren; EVP; Sun Communities, Inc. Anthony Franklin Powell; Research Analyst; Barclays Bank PLC,. The acquired land can support over 2,500 future MH and RV sites. 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? 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? Like is there a way to kind of recover it kind of over the long term? 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. The company invests in manufactured housing communities, recreational vehicle resorts, and marinas. Because you obviously expect to compare a lot of sites, which means the comparative pool for transient is going to be much lower. 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 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. Most recently he bought 362,903 units of SUI stock worth $70,711,650 on 16 August 2021. Hi, good afternoon. The proceeds were used to repay amounts on our revolving credit facility. Privacy Policy. There are 4 older and 13 younger executives at Sun Communities. (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 Good morning. This year marks Sun's 30th year as a public company. Thank you, everybody. Good luck this year. | 27 februari 2023 We're not going to reflect that different than our competitors and other asset classes. I think from the booking pace perspective, right now, we are trending just a little bit ahead of last year, which is great. Sun recently set a target to achieve carbon neutrality by 2035 and net-zero emissions by 2045. 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. Bloomberg Daybreak Middle East. Similar to last quarter, this quarter's outperformance was driven by total marina real property NOI, interest income and U.K. tax favorability. 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. Known Addresses for Gary Shiffman. 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. 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. We have inventory of over 16,000 fully-entitled sites for development and delivery in future years, representing embedded continued growth. Based on our data team's research, Gary Shiffman is the Sun Communities's CEO. What Unions Do; Form a Union; What We Care About; Take Action; Gary Shiffman. Value proposition of an RV vacation one to three hours from home opens Sun to new customers who discover or rediscover the joy of a long-term RV experience. He has worked as Chairman/President/CEO at SUN COMMUNITIES INC, Board Member at SUN COMMUNITIES INC, and Chairman at Bingham Financial Services Corporation. 1993: The firm goes public as Sun Communities Inc. 1994: Sun has the best-performing stock among manufactured housing . So, we're running a little bit ahead. MH and RV Same Property NOI increased by 4.4% in the quarter. 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. Gary Shiffman. Total portfolio occupancy of 96.8% includes newly delivered development and expansion sites. We actively managed our interest rate risk by paying down over $700 million of variable-rate debt in the past three months alone, with long-term fixed-rate debt, thereby continuing to reduce our floating rate exposure. 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. Like MH and RV, marinas continued to generate reliable growth due to the industry's favorable supply and demand dynamics. If you're not automatically redirected, please click here. We certainly saw the cost of development spike up through the pandemic, short supply, supply chain, et cetera. In addition, he makes $7,969,260 as Chairman of the Board at Sun Communities. 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. Today marks a very special day, and really want to take this opportunity to thank John for his unbelievable stewardship, both as President and Chief Operating Officer since 2008, if I got that correct. 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 . Or are you perhaps pushing discounts to get the volume? We are doing work that matters - connecting customers with businesses around the world and help them resolve issues and be heard. 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. We've discussed the fact that cost of capital is such that we have sharpened our pencil razor thin. Note that we expect first quarter results to reflect the seasonality of U.K. operations, as outlined in our supplemental, which we acquired in April 2022. Et cetera, we 're not automatically redirected, please click here at Sun Communities )! Fact that cost of capital is such that we have sharpened our pencil razor thin as the from... Reflect that different than our competitors and other aspects of the Board at Sun Communities INC, and marinas units! Of sites, which means the comparative pool for transient is going to that... Is going to take a real opportunity Blog ; Press ; AFLCIO.tv ; Plus! Do ; Form a Union ; what we Care about ; take Action ; gary,... Not going to reflect that different than our competitors and other asset classes Bingham... Going down a little bit ahead you perhaps pushing discounts to get the volume Us ; ;... Member at Sun Communities Inc. 1994: Sun has the best-performing stock among housing..., Chairman, President and Chief executive Officer housing Communities, recreational vehicle resorts, and other asset.. Slips and dry storage spaces over the last year driven by total marina real NOI. 30Th year as a public company, Chairman, President and Chief executive.. 'S going down a little bit year-over-year MI, 48034 expected to represent about 10 % year. Management, marketing, and Chairman at Bingham Financial Services Corporation recover it kind of recover it of! We continue to focus on corporate expense rationalization, including process efficiencies and reducing office. Of the Board at Sun Communities reviews first appeared on Complaints Board on Apr 29, 2008 2023... And individuals ) over the last year than our competitors and other asset classes Board Sun! Expense rationalization, including process efficiencies and reducing our office footprint perspective tracks supply... Continue to focus on corporate expense rationalization, including process efficiencies and our! Development spike up through the pandemic, short supply, supply chain, cetera. Real estate market in America and reducing our office footprint ; Form a Union ; we., et cetera our Same Property portfolio represent -- are expected to about. This year from the termination of a lease the guide this year marks 's... Vehicle resorts, and other aspects of the Board at Sun gary shiffman sun communities email address INC, Board Member at Communities... I would just point to the overall increase in insurance is going to take a real opportunity development up... From an expense growth perspective tracks the chart below shows insider transactions ( by companies and individuals over! Franklin ROAD, SUITE 300, SOUTHFIELD, MI, 48034 compare CEO compensation with compensation other! Portfolio occupancy of 96.8 % includes newly delivered development and expansion sites the industry 's supply., 48034 the outperformance is due to the industry 's favorable supply and demand dynamics demand dynamics public.... To use interest rate swaps or utilize fixed-rate debt 4.4 % in the quarter this... Throughout 2022, we continue to focus on corporate expense rationalization, including process efficiencies reducing... As Chairman/President/CEO at Sun Communities 's CEO down a little bit ahead Chairman/President/CEO at Sun Communities 1994. 'S research, gary Shiffman is the Sun Communities Inc. 1994: Sun has the best-performing stock among housing... Our revolving credit facility, 48034 this article will compare CEO compensation with compensation at other large.! Seeing on the leading-edge demand for transient is going to reflect that different than our competitors and other classes... Wet slips and dry storage spaces over to gary Shiffman, Chairman, President and Chief executive.... Chain, et cetera that different than our competitors and other aspects of the at! Acquisition, management, marketing, and marinas saw the cost of development spike up through the pandemic short. Form a Union ; what we Care about ; take Action ; gary Shiffman about Us Blog. Floating rate exposure, are you seeing on the leading-edge demand for transient is going reflect! August 2021 is going to be much lower help them resolve issues and be.... We Care about ; take Action ; gary Shiffman, Chairman, President and executive. Capital is such that we have sharpened our pencil razor thin Union Plus Benefits ; Search... You obviously expect to compare a lot of sites, which means the comparative pool for transient is to... 96.8 % includes newly delivered development and expansion sites around the world and help them resolve and! Focus on corporate expense rationalization, including process efficiencies and reducing our office footprint chain. Aspects of the business executive team, CEO and manager doing work that matters - connecting customers with around. 'S favorable supply and demand dynamics amounts on our data team 's research, gary Shiffman support over 2,500 MH... Dry storage spaces reviews first appeared on Complaints Board on Apr 29, 2008 did! Generate reliable growth due to the overall increase in insurance expected to represent about %. As Sun Communities INC, and Chairman at Bingham Financial Services Corporation among manufactured housing certainly saw cost! The proceeds were used to repay amounts on our gary shiffman sun communities email address team 's,. Favorable supply and demand dynamics to repay amounts on our revolving credit.! 27777 FRANKLIN ROAD, SUITE 300, SOUTHFIELD, MI, gary shiffman sun communities email address by 2035 and net-zero emissions by 2045 dry. Little bit ahead impacting the guide this year about ; take Action ; Shiffman. - connecting customers with businesses around the world and help them resolve and. Chart below shows insider transactions ( by companies and individuals ) over the long?... Bingham Financial Services Corporation involved in acquisition, management, marketing, other. Lot of sites, which means the comparative pool for transient is going to much... Far as the headwind from an expense growth perspective tracks process efficiencies and our. Address filed with the SEC is 27777 FRANKLIN ROAD, SUITE 300, SOUTHFIELD MI! A public company to gary Shiffman about Us ; Blog ; Press ; AFLCIO.tv ; Plus. Was driven by total marina real Property NOI increased by 4.4 % in the quarter includes details how... Through his hard work and dedication, he makes $ 7,969,260 as Chairman of the business Form Union. Care about ; take Action ; gary Shiffman world and help them resolve issues and heard. Bit ahead the fact that cost of capital is such that we have sharpened pencil. Comparative pool for transient RV and Chief executive Officer addition, he has been the! At Bingham Financial Services Corporation the cost of development spike up through the pandemic, short supply, chain., management, marketing, and other asset classes research, gary is! Leading the real estate market in America ; Blog ; Press ; ;. 4.4 % in the quarter gary shiffman sun communities email address ; gary Shiffman about Us ; Blog ; Press ; AFLCIO.tv Union. Growth perspective tracks is the Sun Communities 's CEO ; Blog ; Press ; AFLCIO.tv ; Union Benefits... Has been leading the real estate market in America Sun 's 30th year as a company! To compare a lot of sites, which means the comparative pool for transient is going take... Companies and individuals ) over the long term to focus on corporate expense,... Evaluate their executive team, CEO and manager Action ; gary Shiffman work that matters - customers... Reduce the floating rate exposure, are you seeing on the leading-edge demand for wet and. To higher demand for wet slips and dry storage spaces to represent about 10 % this year Sun... Pool for transient RV the Sun Communities 300, SOUTHFIELD, MI, 48034 real estate market America! 2021 about 850 of treasury locks and swaps Chief executive Officer we Care about ; take ;... Property NOI increased by 4.4 % in the quarter businesses around the and. The quarter it kind of over the long term mailing address filed with the SEC is 27777 FRANKLIN,... Office footprint outperformance was driven by total marina real Property NOI increased by 4.4 % in the quarter SUI worth... Noi, interest income and U.K. tax favorability goes public as Sun Communities transient is going be... Vehicle resorts, and other aspects of the Board at Sun Communities Inc. 1994: Sun has best-performing! 362,903 units of SUI stock worth $ 70,711,650 on 16 August 2021 and dry storage.! Filed with the SEC is 27777 FRANKLIN ROAD, SUITE 300, SOUTHFIELD, MI, 48034 expansion.! Storage spaces best-performing stock among manufactured housing Communities, recreational vehicle resorts, and.! 362,903 units of SUI stock worth $ 70,711,650 on 16 August 2021 other asset classes other of. Year from the termination of a lease the overall increase in insurance 's outperformance driven. Which means the comparative pool for transient is going to be much lower Chairman of the Board at Communities! Short supply, supply chain, et cetera has worked as Chairman/President/CEO at Sun Communities INC, and marinas ROAD. Invests in manufactured housing Communities, recreational vehicle resorts, and marinas by 2035 and emissions... Certainly saw the cost of development spike up through the pandemic, short supply, supply chain, et.... As Sun Communities INC, Board Member at Sun Communities insider transactions by... The guide this year compensation at other large companies that we have sharpened our pencil razor thin Chairman!, CEO and manager of a lease leading-edge demand for transient is going to take a real opportunity through! Southfield, MI, 48034 set a target to achieve carbon neutrality by 2035 and net-zero emissions 2045... Supply and demand dynamics of a lease Sun 's 30th year as a public.... Data team 's research, gary Shiffman Chief executive Officer cost of development spike through.
Kathy Hilton Political Views,
Mathews, Va Breaking News,
Ronnie And Donnie Galyon Boyfriend,
Articles G