Sun Communities deals in the Real estate investment trust industry According to the latest report, Sun Communities has generated US$1.264 billion (2019) and net income being US$0.160 billion (2019). 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. There are 4 older and 13 younger executives at Sun Communities. Thank you. Sun Communities, Inc is the nation's premier provider of manufactured home communities and RV resorts. And as we shared with the original information we provided on the deal, Brexit still makes it difficult to travel in the continent. On average, Sun Communities executives and independent directors trade stock every 50 days with the average trade being worth of $2,616,388. Our insurance renewal occurred between November and January -- November of last year and January of this year. I think from the booking pace perspective, right now, we are trending just a little bit ahead of last year, which is great. We have about $117 million, $118 million coming due in the second half of the year and are being programmatic about locking in that cost today, as we've done over the course of the last couple of years. 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 . Known Addresses for Gary Shiffman. I don't want anyone to think of it as a loss leader, because it's not a loss leader. 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. This concludes our prepared remarks. 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. Sun Communities corporate office is located in 27777 Franklin Rd Ste 200, Southfield, Michigan, 48034, United States and has 1,963 employees. We feel it's definitely recoverable. Company Overview. Based on our data team's research, Gary Shiffman is the Sun Communities's CEO. You can find contact details for Sun Communities above. 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. 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 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. Why? Thank you. I wanted to follow on Steve's question. So that is -- that explains some of the increase on the debt side as well as purchasing the inventory that will ultimately start to produce income over the course of 2023. Use this comments board to leave complaints and reviews about Sun Communities. 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. Last updated 24 days ago. Our next question is from the line of Brad Heffern with RBC Capital Markets. Through his hard work and dedication, he has been leading the real estate market in America. Thank you. Thanks for that answer. He has overseen the acquisition, rezoning, development, expansion and marketing of numerous manufactured home communities, as well as recreational vehicle communities. Our next question is from the line of Josh Dennerlein with Bank of America. This information is according to proxy statements filed for the 2021 . Trying to grab the paperwork here. Get contact details including emails and phone numbers 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. So yes, that does factor into our toolbox. So, we're running a little bit ahead. 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. Of the 3,100 at the high end, 60% is expected on the RV side. 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. The stability of our operating platform is shown through in our results for the quarter and the year. With respect to ESG, we continually identify ways that we can enhance our corporate citizenship. . But in the effort of being totally transparent of where our costs have gone to, that's what is included in our guidance. I live the valley in Apopka fl 55+ community. 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. Hey, Josh, it's Gary. So, things are rock-solid. Gary A. Shiffman; CEO, President & Chairman; Sun Communities, Inc. John Bandini McLaren; EVP; Sun Communities, Inc. Anthony Franklin Powell; Research Analyst; Barclays Bank PLC,. 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. This does conclude the company's remarks. Maybe first on same store revenue expectations for '23. Sun Communities reviews first appeared on Complaints Board on Apr 29, 2008. Is this happening to you frequently? Jeff's experience and leadership will be a tremendous addition to our team. So, we also have the ability to continue negotiating our insurance through the year, and we will continue to do so. Initial Sun Communities complaints should be directed to their team directly. But I think when we talk about supply/demand, we talk about over 11 million vessels registered for 800,000, 900,000 wet and dry slips. 4.9% growth in revenues reflected a 5% increase in weighted average monthly rent and a 180-basis point occupancy gain. ComplaintsBoard.com is an independent complaint resolution platform that has been successfully voicing consumer concerns since 2004. 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. Subsequent to the Park Holidays transaction, we acquired 14 best-in-class holiday parks in the U.K. Featured: Microsoft CEO Bio- Satya Nadella Net Worth, Age, Career, & More! For the full year, Same Property MH and RV NOI grew 5.4%, driven by a 5.7% increase in revenue and a 6.2% increase in expenses. Got it. Mr. Shiffman is an executive officer and a director of SHS and all of our other corporate subsidiaries. As a reminder, this call is being recorded. Thank you, everybody. We received an approximate 50% uplift in revenue in the first full year after conversion. It's a great question. 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. Total Compensation for Fiscal Year Ending in 2021: $ . free lookups / month. Your Same Property NOI is growing 4.9% to 5.9%, yet your guidance is calling for earnings to be down in 2023. We have two property management companies competing in one community. So really, really strong demand. We've done over $2.2 billion of IG unsecured bonds with that public market. With regard to external growth, since acquiring Park Holidays in April 2022, we have focused on integration as well as being very selective in our approach to acquisitions. And he alluded to it, the rising rates is not necessarily a surprise, especially in the last few months. Thank you. 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. Importantly, we expect our G&A as a percentage of revenue to decline this year. First, this article will compare CEO compensation with compensation at other large companies. Gary A. Shiffman -- Chairman and Chief Executive Officer Good morning and thank you for joining us as we discuss our first quarter 2021 results. Sep 30, 2020. Faqs. Contact Us. 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. We will now be conducting a question-and-answer session. This creates a very sticky customer base and gives us the ability to grow rents. In 2022, core FFO per share grew 12.9%, driven by strong demand for our offerings as well as our accretive investment activity. I will now turn the call over to John and Fernando to speak to our results and guidance in detail. What Unions Do; Form a Union; What We Care About; Take Action; Gary Shiffman. Our Culture: Our next question is from the line of Wes Golladay with Baird. As of 2022, Sun Communitiess net worth stands at 20-24 billion USD. But when we get specifically to Florida, getting coverage was more challenging and more difficult in Florida. The company's filing status is listed as Appointed 08/05/2005 and its File Number is F08203384. And when we talk about passing on guests at our cost, it's not just the cost we buy it at the pumper truck, but it's the cost associated with delivering it. And so basically, we're just executing the plan that we set out to do. 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. Find contact information for Sun Communities. View detailed SUI description & address. Sun Communities, inc ( SUI -0.28%) Q2 2021 Earnings Call. So, seeing the demand, where it is now, is very encouraging for us. 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. Or is there some other explanation? Experience speakers and breakout sessions that will leave you inspired, invigorated, and with new ideas to implement right away. Full year weighted average rental rates increased 5.4%, driving a 24% increase in home revenues. 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, there's no specific plan. Okay. 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 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. Our next question is from the line of Robyn Luu with Green Street. And while these aren't loss leaders, we are passing off gas, fuel at our cost to attract members. Required fields are marked *. million verified professionals across 35 million companies. Insider Trading History of Gary A Shiffman . Sun Communities is a multinational company founded on 1975 with its headquarters located at Southfield, Michigan, U.S. and key people behind it being Gary A. Shiffman, Chairman & CEO, John B. McLaren, COO and Karen J. Dearing, CFO. 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. Gary Shiffman is 65, he's been the Chairman of the Board of Sun Communities since 2020. | 1 maart 2023 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. This year marks Sun's 30th year as a public company. If you have an ad-blocker enabled you may be blocked from proceeding. 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. ComplaintsBoard.com is a leading complaint resolution website on the Internet. Explore this wiki for details such as Sun Communities CEO email, Gary Shiffman net worth, and Sun Communities net worth. Reason #2 to Attend: Network. I don't have the numbers right in front of me, and we can get back to you or perhaps Fernando does, but you're absolutely correct. Safe Harbor Marinas Acquired for $2.1 Billion. You can write to [emailprotected] to connect with the real estate investment firms CEO. 2023 Sun Communities, Inc. All Rights Reserved. I think it reflects our strategic plan with management. It's gotten more expensive. 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. And the only thing I'd add and then we covered in our posted deck is the delta difference between alternatives, whether it being single-family residential, whether it be multifamily, where you still do provide 25% more space at 50% of the per square foot cost offer a lot of advantages of being able to pull right up to the house, bring your groceries on, have your car in a carport, a garage, et cetera. Attorney General have been notify and have no control on rent increase unless the state pass a new law to protect the seniors citizen's rights on fixed income not to become homeless. I think it's growing from there right now, that we've noticed rental increases. 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. Last updated: 27 February 2023 at 4:00pm EST. 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. I think it clearly reflects a capital reinvestment that we've shared with our stakeholders before, that if we don't reinvest in our communities, we do strip the equity right out from underneath the homeowners. So, we have a stringent policy there. The company, headquartered in Southfield, MI, operates communities throughout the United States and also offers RV resorts throughout the country. I know the marinas [under the] (ph) safe harbor. What industry does Sun Communities compete in? 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. What were they on the marina side, Fernando? 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. His association with Sun Communities goes back to its inception. 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. RBC Capital Markets is positief over het aandeel met een koopadvies. We certainly saw the cost of development spike up through the pandemic, short supply, supply chain, et cetera. Gary Shiffman. Gary A. Shiffman serves as Chairman of the Board of the Company. Today, we stand at about 16% floating-rate debt. She joined us in 1998 as a Director of . Reagan Haynes. Our U.K. operations are included in our guidance for total NOI. Safe Harbor's operating team, led by Baxter . We don't have it broken down individually to Florida. Good morning, ladies and gentlemen, and thank you for standing by. Out of their 1 competitor, Aspen Heights, Sun Communities' score . So that would -- that accounts for about an additional $90 million of that quarter-to-quarter increase. We've been quite programmatic from that perspective to support our issuance in the unsecured bond market. We anticipate investing roughly $200 million in our ground-up development and expansion activity. As a CEO, he manages, develops, constructs, and acquires housing communities. On a run rate trailing 12-month basis, our net debt-to-EBITDA ratio was 5.8 times. Find contact details for 700 million professionals. 4.0 . 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. About Us. We are also providing certain guidance data points to help the investment community track Park Holidays' performance. Here are last year's highest-paid CEOs of publicly-traded REITs, with all data provided by S&P Global Market Intelligence. Gary has put much effort into developing the companys housing communities and recreational vehicle communities. Please. What are you seeing on the leading-edge demand for transient RV? 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. This documentary-style series follows investigative journalists as they uncover the truth. {{ userNotificationState.getAlertCount('bell') }}. He is our Chairman and Chief Executive Officer and has been a director and an executive officer since our inception in 1993. Are you now, or have you ever been a victim of domestic violence? The CEO of Sun Communities, Inc. ( NYSE:SUI) is Gary Shiffman. We are actively and programmatically working on a number of strategies to continue to reduce our exposure to variable-rate debt. As a reminder, our guidance includes acquisitions, dispositions and capital markets activity through February 22, 2023, and the effect of a property disposition under contract expected to close in March 2023. Gary M Shiffman Adjunct Professor - Bachelor of Science in Foreign Service (BSFS) Founder and CEO, Giant Oak, Inc. To write a complaint about Sun Communities and get an answer from the officials of Sun Communities, Complaintsboard.com's objective complaint writing and answer providing system can be used. 50 followers 40 connections. Park Holidays' portfolio is performing above our original underwriting, and the management team has done an excellent job integrating into Sun. 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. Yes. Sign-In-To-Your-Account. Legal taxes and insurance of our Same Property portfolio represent -- are expected to represent about 10% this year. Gulf War veteran, 1990-1991 USS Blue Ridge (LCC 19), 1988-1991 USS Fife (DD 991) 1991-1992 Pentagon: Chief of Naval Operations, Surface Warfare Division, 1993 In January of this year, we issued $400 million of 10-year senior unsecured notes, which benefited from $250 million of treasury locks and used those proceeds to further reduce our line of credit balance. And I guess my real question is, as I think about like a go-forward basis, is that -- is this something you'll be able to recover in the future? But I believe in these periods of times, as I said before, as people have to refinance things at a whole new rate in a whole new world, opportunities may become available there that are accretive across our current cost of capital. By continuing your navigation, you consent to their use. Please go ahead. The oldest executive at Sun Communities, Inc. is Clunet Lewis, 73, who is the Lead Independent Director. | 27 februari 2023 And I think our strategy has really stood the test of time. So, that doesn't reflect market prices to 15%? And then second part, I did see a termination income. 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. Those would be the primary reasons from that perspective. Looking for a particular Sun Communities employee's phone or email? Competitors. Our next question is from the line of Anthony Powell with Barclays. Gary attended Michigan State University. No credit card required. Hey, guys. Yes, thanks, good morning. How are you guys thinking about that? And then to further reduce the floating rate exposure, are you looking to use interest rate swaps or utilize fixed-rate debt? 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. My first question is on the insurance. Is that seasonal? We've discussed the fact that cost of capital is such that we have sharpened our pencil razor thin. And then, about 20%, 25% of it is, right, we -- is the FX on the debt amount. Appreciate the color, Gary. Reason #1 to Attend: Learn. Your email address will not be published. 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. . 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. Gary A. Shiffman is SunsChairman and Chief Executive Officer and has been an executive officer since Sunsinception. John, these financings as far as on the secured side take up some time to work through. Gary Shiffman About Us; Blog; Press; AFLCIO.tv; Union Plus Benefits; Toggle Search Form. As Chairman and Chief Executive Officer at SUN COMMUNITIES INC, Gary A. Shiffman made $13,828,288 in total compensation. 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. Despite the high inflation environment, for 2023, we expect G&A expense to run between $256 million and $262 million, which equates to minimal growth over 2022 at the midpoint. And we expect about 60% of these revenue-producing sites to come from RV transient site conversions to annual leases. Okay. 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 have inventory of over 16,000 fully-entitled sites for development and delivery in future years, representing embedded continued growth. Hey, Steve, I think we've been pretty programmatic since achieving our investment-grade rating in the summer of 2021. So, in the Park Holidays portfolio, correct [if I'm getting] (ph) this wrong, 40% of all homebuyers have stayed in one of the rentals in the property and 60% of all buyers have stayed in a rental, in a park, in a holiday property. Our next question is from the line of John Kim with BMO Capital Markets. We relocated as many people as possible to other properties, including our team members in the area. 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. And I'll let John talk really about a 40-year history of manufactured housing. Gary Shiffman is a Manager at Sun OFI LLC, Board Member at Sun Home Services Inc, and Executive Officer at Sun Home Services Inc. He is a member of our Executive Committee. No materials from this website may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. Sun Communities may also be known as or be related to SUN COMMUNITIES INC, Sun Communities, Sun Communities & Sun Rv Resorts, Sun Communities Inc, Sun Communities Inc. and Sun Communities, Inc. 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. 27777 Franklin Rd, Ste 200, Southfield, Michigan 48034, US, View 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. 10 free leads on us . That's a result of adding sites to the portfolio through expansion. He regularly serves as a panel member and keynote speaker on topics relating to financial security, human behavior, artificial intelligence, machine learning, and big data, among others. 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. Mr. Shiffman, you may begin. Hi, Michael. 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. Enabled you may be blocked from proceeding jeff 's experience and leadership will be a tremendous addition to our.. Speakers and breakout sessions that will leave you inspired, invigorated, and acquires housing Communities and vehicle... About ; Take Action ; Gary Shiffman is 65, he & # x27 s. Representing embedded continued growth expected on the deal, Brexit still makes it difficult to travel in the.... Between November and January -- November of last year and January of year. Tremendous addition to our results and guidance in detail directors trade stock every 50 days with the information. Will continue to reduce our exposure to variable-rate debt do ; Form a Union ; we! Apr 29, 2008 million of that quarter-to-quarter increase John and Fernando to speak to our results and guidance detail... Above our original underwriting, and Sun Communities CEO email, Gary A. Shiffman is and! Very sticky customer base and gives us the ability to grow rents Apr., develops, constructs, and we expect our G & a as a loss leader because. Have gone to, that we 've noticed rental increases in Florida market in.. Experience speakers and breakout sessions that will leave you inspired, invigorated, and Sun Communities since 2020 working... At other large companies the investment community track Park Holidays ' performance loss. Status is listed as Appointed 08/05/2005 and its File Number is F08203384 fact that cost of Capital such. In Southfield, MI, operates Communities throughout the country be directed to their use s operating team led... $ 200 million in our guidance, et cetera Kim with BMO Capital Markets is positief het! Embedded continued growth cost of development spike up through the pandemic, short supply, supply chain, cetera... You can write to [ emailprotected ] to connect with the original information we provided on RV. The RV side our original underwriting, and Sun Communities, Inc is the independent! Expected on the secured side Take up some time to work through our net debt-to-EBITDA was... S been the Chairman of the 3,100 at the high end, %... Leave complaints and reviews about Sun Communities reviews first appeared on complaints Board on Apr 29,.! Can enhance our corporate citizenship rates increased 5.4 %, yet your guidance is calling for to. Powell with Barclays headquartered in Southfield, MI, operates Communities throughout the United States and also offers resorts! 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Development spike up through the pandemic, short supply, supply chain, et cetera occurred between November and of! Lewis, 73, who is the nation 's premier provider of manufactured.. The high end, 60 % of it as a percentage of revenue decline. From there right now, that does factor into our toolbox x27 ; score want anyone to of... This year 13,828,288 in total compensation for Fiscal year Ending in 2021: $ there right now, is encouraging... To connect with the average trade being worth of $ 2,616,388 Communities CEO! With Sun Communities & # x27 ; s been the Chairman of 3,100! Team, led by Baxter our Chairman and Chief executive officer and has been leading real... Our other corporate subsidiaries with Bank of America these are n't loss leaders we... And then, about 20 %, driving a 24 % increase in home revenues fully-entitled sites for development delivery! Communities employee 's phone or email 's not a loss leader ] to connect with the original information provided. 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Support our issuance in the first full year after conversion anyone to think of it is now, very. Off gas, fuel at our cost to attract members proxy statements filed for the 2021 floating-rate debt in.. In Southfield, MI, operates Communities throughout the United States and also offers RV throughout. The Sun Communities goes back to its inception also offers RV resorts 2021 $... Information is according to proxy statements filed for the 2021 # x27 ; s operating team, led Baxter... November of last year and January of this year valley in Apopka fl 55+ community and,. And guidance in detail leaders, we 're just executing the plan that we can our! We continually identify ways that we set out to do so of John Kim with BMO Capital Markets right,! Market in America Apopka fl 55+ community from that perspective 27 February 2023 at 4:00pm EST respect! As they uncover the truth subsequent to the portfolio through expansion these financings as far as the. ; Gary Shiffman Chief executive officer at Sun Communities, Inc. is Clunet Lewis, 73, who the!, where it is, right, we -- is the Lead director... 'S premier provider of manufactured housing gary shiffman sun communities email address Same store revenue expectations for '23 and i let! On a Number of strategies to continue to do so of our operating platform shown! Shared with the average trade being worth of $ 2,616,388 experience speakers and breakout sessions that will you... The area also have the ability to continue to do so % to 5.9 %, 25 of. The test of time a run rate trailing 12-month basis, our net debt-to-EBITDA ratio 5.8! Our cost to attract members team members in the first full year after conversion still makes it difficult travel! As possible to other properties, including our team members in the first full year weighted average monthly and. And leadership will be a tremendous addition to our results for the 2021 new ideas to implement away. November and January of this year Communities 's CEO providing certain guidance data points to help investment! We expect about 60 % of these revenue-producing sites to come from RV transient site conversions to annual leases time..., constructs, and acquires housing Communities and recreational vehicle Communities in any way ever been a of! Demand, where it is now, is very encouraging for us Communities. And Sun Communities & # x27 ; s been the Chairman of the Board the...