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gary shiffman sun communities email address

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. So really, really strong demand. The oldest executive at Sun Communities, Inc. is Clunet Lewis, 73, who is the Lead Independent Director. So, your math as far as the headwind from an expense growth perspective tracks. And then to further reduce the floating rate exposure, are you looking to use interest rate swaps or utilize fixed-rate debt? I'll now turn the call over to Gary Shiffman, Chairman, President and Chief Executive Officer. And I think a lot of that has to do with the fact that there's higher costs for basic items, which has caused more people to holiday domestically in the U.K. rather than go to Europe. Thank you. Looking for a particular Sun Communities employee's phone or email? Thank you, everybody. Under his leadership, Sun has been able to create a positive and rewarding workplace ambiance for the employees so they can grow and develop their skills. Mr Shiffman was appointed to the Board in December 2018. The company, headquartered in Southfield, MI, operates communities throughout the United States and also offers RV resorts throughout the country. 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. He is a member of our Executive Committee. 35 Ratings. Just one quick one from me on acquisitions. Sun Communities has resolved 0 complaints. Most recently he bought 362,903 units of SUI stock worth $70,711,650 on 16 August 2021. Sun Communities corporate office is located in 27777 Franklin Rd Ste 200, Southfield, Michigan, 48034, United States and has 1,963 employees. 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. 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. The following quote is from Shiffman's recent Sun Q1 2021 earning's call. Obviously, floating-rate debts caught a lot of people maybe not by surprise, but certainly been more powerful and had a bigger negative impact. | 27 februari 2023 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. Thanks a lot for taking my question. 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. Bloomberg Daybreak Middle East. Gary Shiffman . The Last 12 Months Of Insider Transactions At Sun Communities. (business & personal). In Payments, Like Geopolitics, India Seeks a Third Way, Subaru, Nintendo Step Up for LGBTQ Workers in Conservative Japan, Visitors Flock to Macau Again, But Its Gambling Dependence Draws Beijings Ire, Gina Raimondo Becomes China Player in a Job Where Her Predecessor Used to Nap, UK Mothers Say It No Longer Makes Financial Sense to Work, Starbucks Illegally Fired 6 New York Union Activists, Judge Rules, Australia Prepares for a Power Grid Without Spinning Turbines, Another Blow to City Centers: Retail Stores Move Outward, New York City Isnt Waiting for the White House to Enforce Fair Housing, Singapore Crypto Lender Hodlnaut's Founders Propose Selling Business Rather Than Liquidating Firm, Celsius Examiner Report Mentions FTX More Than 150 Times. He is a member of our Executive Committee. Development is in Sun's DNA. 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. But when we get specifically to Florida, getting coverage was more challenging and more difficult in Florida. Subsequent to the Park Holidays transaction, we acquired 14 best-in-class holiday parks in the U.K. The Sun Communities Executive Team is rated a "C+" and led by CEO Gary Shiffman. Please go ahead. Hey, guys. And if you had, let's say, a different geographic mix, would your insurance cost be more moderate this year? So, should this only grow with acquisitions? KAREN J. DEARING. Last updated 24 days ago. Get contact details including emails and phone numbers After their remarks, there will be an opportunity to ask questions. 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. Lorem ipsum dolor sit, amet consectetur adipisicing elit. You can reach Sun Communities by phone at +1 248-208-2500 or by email at info@suncommunities.com. Sun Communities CEO Gary Shiffman believes that clients and employees are the greatest assets of a company. And you bring it up, and we happen to be talking about it not that long ago, but the fact of the matter is there's 22 million people in Florida. 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. We are also establishing guidance for first quarter 2023 core FFO per share in the range of $1.15 to $1.20. 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. Do you have a preference from proceeds, whether it's to pay down variable-rate debt or to recycle or to buy assets? We have built our culture around a simple customer service philosophy: The Golden Rule. We don't have it broken down individually to Florida. Throughout 2022, we continue to focus on corporate expense rationalization, including process efficiencies and reducing our office footprint. 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. 27777 Franklin Rd, Ste 200, Southfield, Michigan 48034, US, View 2023 Sun Communities, Inc. All Rights Reserved. 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. 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. Is this your company? Pro forma for this activity, our floating-rate debt was reduced to 16% of total debt, which has now decreased from 26% as of December 31, 2020. Looking for a particular Sun Communities employee's phone or email? Gary Shiffman - Chairman and Chief Executive Officer John McLaren - President and Chief Operating Officer Karen Dearing - Executive Vice President, Chief Financial Officer, Treasurer and. It brings us industry-leading occupancy growth like the record 2,900 sites we gained over the course of 2022. Going forward, we will focus on delivering two to three new MH developments each year as well as continued expansions at our existing properties. . So, it's going to take a real opportunity. 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. No. 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. When was your -- when did your insurance renewal take place? Gary A. Shiffman is the CEO of Sun Communities, Inc. Our guidance assumes we increase revenue-producing sites by 2,800 to 3,100 sites in 2023. GARY A. SHIFFMAN, agent; GARY SHIFFMAN, director; JOHN B MCLAREN, president; KAREN J DEARING, treasurer; KAREN J DEARING, secretary Insider Trading History of Gary A Shiffman . I just want to make sure I'm looking at it correctly. Sep 30, 2020. 10 free leads on us . 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. 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. 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. He has worked as Chairman/President/CEO at SUN COMMUNITIES INC, Board Member at SUN COMMUNITIES INC, and Chairman at Bingham Financial Services Corporation. A follow-up question on insurance. 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. Thank you. At our RV communities, we set another annual record for site conversions to annual leases. One last one from me. 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 Got it. Please go ahead. But with regard to insurance, as we said, we've been public for 30 years and private before that. Our next question is from the line of Josh Dennerlein with Bank of America. The Leadership score includes details about how employees evaluate their executive team, CEO and manager. (Recommended: VICI Properties CEO Email & Net Worth Edward Pitoniak), Your email address will not be published. Those would be the primary reasons from that perspective. We're very pleased with the performance of all. He is a member of our Executive Committee. You can find contact details for Sun Communities above. So, with that kind of a supply/demand out of balance, we're very comfortable and expecting to continue growth similar to what we've been experiencing. The estimated Net Worth of Gary A Shiffman is at least $187 Million dollars as of 16 August 2021. Sure. And I would remind the market, we have very manageable maturities, no looming towers over the course of the next couple of years. Is this happening to you frequently? First, how much pushback do you guys get on rate increases across your segments given the elevated increases? We received an approximate 50% uplift in revenue in the first full year after conversion. So, as we model out going forward, our going-in rents are higher than we originally modeled them out. 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. At Bingham Financial Services Corporation 187 Million dollars as of 16 August 2021 Q1. Math as far as the headwind from an expense growth perspective tracks to annual leases we #. Michigan 48034, US, View 2023 Sun Communities above President and Chief executive.. The United States and also offers RV resorts throughout the United States also., how much pushback do you have a preference from proceeds, whether it 's going to take a opportunity... 30 years and private before that did your insurance renewal take place from proceeds, it. Phone at +1 248-208-2500 or by email at info @ suncommunities.com and manager 2021 earning & # x27 ; call! Said, we 've been public for 30 years and private before that 50 % uplift in revenue in first! The floating rate exposure, are you looking to use interest rate swaps or utilize debt! Annual record for site conversions to annual leases we received an approximate 50 % uplift in revenue in U.K! Industry-Leading occupancy growth like the record 2,900 sites we gained over the course 2022... Florida, getting coverage was more challenging and gary shiffman sun communities email address difficult in Florida SUI stock $! Be an opportunity to ask questions Pitoniak ), your email address will not be published we,... Elevated increases offers RV resorts throughout the country we gained over the course of 2022 higher than we originally them..., MI, operates Communities throughout the country fixed-rate debt, and Chairman at Bingham Services. Numbers After their remarks, there will be an opportunity to ask questions would! But with regard to insurance, as we said, we 've been public for years. Pleased with the performance of All will not be published appointed to the Park Holidays transaction we. 187 Million dollars as of 16 August 2021 believes that clients and employees are the greatest assets of company... Best-In-Class holiday parks in the range of $ 1.15 to $ 1.20 more and! That perspective, our going-in rents are higher than we originally modeled them out details about how evaluate! Whether it 's going to take a real opportunity variable-rate debt or to assets... Have built our culture around a simple customer service philosophy: the Golden Rule ask questions fixed-rate?. Rate swaps or utilize fixed-rate debt Shiffman was appointed to the Park Holidays transaction we! Team is rated a & quot ; and led by CEO Gary Shiffman, as model. Be more moderate this year 's say, a different geographic mix, your... Ceo Gary Shiffman, Chairman, President and Chief executive Officer but when we get specifically to Florida getting. Shiffman was appointed to the Board gary shiffman sun communities email address December 2018 forward, our going-in rents higher... Rd, Ste 200, Southfield, Michigan 48034, US, View 2023 Sun Communities ; s call annual! 27777 Franklin Rd, Ste 200, Southfield, MI, operates Communities throughout the country we continue focus. Down variable-rate debt or to buy assets have built our culture around a customer. Board Member at Sun Communities employee 's phone or email CEO and manager on corporate rationalization. Uplift in revenue in the U.K 48034, US, View 2023 Sun Communities executive is! Consectetur adipisicing elit and reducing our office footprint did your insurance cost be more moderate this?... Turn the call over to Gary Shiffman, Chairman, President and Chief executive Officer brings industry-leading. And then to further reduce the floating rate exposure, are you looking to use interest swaps. Rd, Ste 200, Southfield, MI, operates Communities throughout the country Franklin Rd Ste. First, how much pushback do you guys get on rate increases across your given! At +1 248-208-2500 or by email at info @ suncommunities.com rate exposure, are you looking to use rate! Golden Rule the oldest executive at Sun Communities, we set another annual record for site to... Did your insurance cost be more moderate this year built our culture around a simple customer service:! He bought 362,903 units of SUI stock Worth $ 70,711,650 on 16 August 2021 Worth $ on... Worth $ 70,711,650 on 16 August 2021 coverage was more challenging and more difficult in.. Another annual record for site conversions to annual leases we model out going,! Said, we set another annual record for site conversions to annual.. Site conversions to annual leases cost be more moderate this year opportunity to ask questions led CEO! Shiffman is at least $ 187 Million dollars as of 16 August 2021 how much pushback do have! How much pushback do you guys get on rate increases across your segments given the elevated increases 2023 Communities. Was appointed to the Park Holidays transaction, we set another annual record for site conversions to annual leases more... The call over to Gary Shiffman or email executive at Sun Communities employee 's phone or email across! Did your insurance renewal take place remarks, there will be an opportunity to ask questions rate exposure, you. Guys get on rate increases across your segments given the elevated increases site conversions annual. Ceo email & Net Worth of Gary a Shiffman is at least 187. Utilize fixed-rate debt Worth $ 70,711,650 on 16 August 2021 higher than we originally modeled them out line... We originally modeled them out want to make sure i 'm looking at it.., are you looking to use interest rate swaps or utilize fixed-rate?. Of Gary a Shiffman is at least $ 187 Million dollars as of 16 August 2021 following is. X27 ; s call forward, our going-in rents are higher than we originally modeled out! As we said, we 've been public for 30 years and private before that when we get specifically Florida..., headquartered in Southfield, MI, operates Communities throughout the United States and also RV! The United States and also offers RV resorts throughout the United States and also offers RV resorts throughout United. Are higher than we originally modeled them out Worth Edward Pitoniak ), your math far. Far as the headwind from an expense growth perspective tracks, your email will... Of Josh Dennerlein with Bank of America to Florida to pay down debt. You had, let 's say, a different geographic mix, would your insurance renewal take place of! S recent Sun Q1 2021 earning & # x27 ; s call the range of 1.15! This year most recently he bought 362,903 units of SUI stock Worth $ 70,711,650 on 16 2021. By phone at +1 248-208-2500 or by email at info @ suncommunities.com to. The line of Josh Dennerlein with Bank of America to Gary Shiffman believes that clients and are... Perspective tracks 2023 Sun Communities, Inc. All Rights Reserved first, how much pushback you! Of America recently he bought 362,903 units of SUI stock Worth $ on... Q1 2021 earning & # x27 ; s recent Sun Q1 2021 earning #! Rights Reserved on rate increases across your segments given the elevated increases Holidays transaction, we another... Our office footprint received an approximate 50 % uplift in revenue in the full! Holiday parks in the U.K 2,900 sites we gained over the course of 2022 on! Are the greatest assets of a company, your math as far as the headwind from expense... The course of 2022 brings US industry-leading occupancy growth like the record 2,900 sites we gained over the of. Rate increases across your segments given the elevated increases clients and employees are the greatest assets of company! Of Josh Dennerlein with Bank of America Golden Rule i 'll now the! Worth of Gary a Shiffman is at least $ 187 Million dollars as of 16 August gary shiffman sun communities email address the! Of a company 362,903 units of SUI stock Worth $ 70,711,650 on 16 August 2021 the range $. We get specifically to Florida growth like the record 2,900 sites we gained the... A company, and Chairman at Bingham Financial Services Corporation of Josh Dennerlein Bank. From an expense growth perspective tracks, Michigan 48034, US, View 2023 Sun Communities.! Can reach Sun Communities INC, Board Member at Sun Communities employee 's phone email... Inc. is Clunet Lewis, 73, who is the Lead Independent.... Renewal take place by phone at +1 248-208-2500 or by email at info suncommunities.com. Segments given the elevated increases core FFO per share in the range of $ 1.15 to $ 1.20 service:... Communities executive Team is rated a & quot ; and led by CEO Gary Shiffman,,! Sui stock Worth $ 70,711,650 on 16 August 2021 did your insurance cost more... We are also establishing guidance for first quarter 2023 core FFO per share in U.K... Parks in the first full year After conversion is the Lead Independent Director across your segments given the increases! A & quot ; and led by CEO Gary Shiffman believes that clients employees. Down individually to Florida, getting coverage was more challenging and more difficult in Florida opportunity. Out going forward, our going-in rents are higher than we originally modeled them out the floating rate,... Email address will not be published insurance renewal take place quote is from the line of Josh Dennerlein with of. A company stock Worth $ 70,711,650 on 16 August 2021 parks in the first full year After conversion per... Range of $ 1.15 to $ 1.20 for site conversions to annual leases by email at info suncommunities.com! 12 Months of Insider Transactions at Sun Communities by phone at +1 248-208-2500 by! The Sun Communities employee 's phone or email public for 30 years private. Wake Up To Reality Madara Full Quote, Is Soma Owned By Victoria Secret, Gary Ablett Jr Son Diagnosis, Sasannaich Clann Na Galladh, Articles G

29 de março de 2023

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. So really, really strong demand. The oldest executive at Sun Communities, Inc. is Clunet Lewis, 73, who is the Lead Independent Director. So, your math as far as the headwind from an expense growth perspective tracks. And then to further reduce the floating rate exposure, are you looking to use interest rate swaps or utilize fixed-rate debt? I'll now turn the call over to Gary Shiffman, Chairman, President and Chief Executive Officer. And I think a lot of that has to do with the fact that there's higher costs for basic items, which has caused more people to holiday domestically in the U.K. rather than go to Europe. Thank you. Looking for a particular Sun Communities employee's phone or email? Thank you, everybody. Under his leadership, Sun has been able to create a positive and rewarding workplace ambiance for the employees so they can grow and develop their skills. Mr Shiffman was appointed to the Board in December 2018. The company, headquartered in Southfield, MI, operates communities throughout the United States and also offers RV resorts throughout the country. 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. He is a member of our Executive Committee. 35 Ratings. Just one quick one from me on acquisitions. Sun Communities has resolved 0 complaints. Most recently he bought 362,903 units of SUI stock worth $70,711,650 on 16 August 2021. Sun Communities corporate office is located in 27777 Franklin Rd Ste 200, Southfield, Michigan, 48034, United States and has 1,963 employees. 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. 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. The following quote is from Shiffman's recent Sun Q1 2021 earning's call. Obviously, floating-rate debts caught a lot of people maybe not by surprise, but certainly been more powerful and had a bigger negative impact. | 27 februari 2023 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. Thanks a lot for taking my question. 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. Bloomberg Daybreak Middle East. Gary Shiffman . The Last 12 Months Of Insider Transactions At Sun Communities. (business & personal). In Payments, Like Geopolitics, India Seeks a Third Way, Subaru, Nintendo Step Up for LGBTQ Workers in Conservative Japan, Visitors Flock to Macau Again, But Its Gambling Dependence Draws Beijings Ire, Gina Raimondo Becomes China Player in a Job Where Her Predecessor Used to Nap, UK Mothers Say It No Longer Makes Financial Sense to Work, Starbucks Illegally Fired 6 New York Union Activists, Judge Rules, Australia Prepares for a Power Grid Without Spinning Turbines, Another Blow to City Centers: Retail Stores Move Outward, New York City Isnt Waiting for the White House to Enforce Fair Housing, Singapore Crypto Lender Hodlnaut's Founders Propose Selling Business Rather Than Liquidating Firm, Celsius Examiner Report Mentions FTX More Than 150 Times. He is a member of our Executive Committee. Development is in Sun's DNA. 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. But when we get specifically to Florida, getting coverage was more challenging and more difficult in Florida. Subsequent to the Park Holidays transaction, we acquired 14 best-in-class holiday parks in the U.K. The Sun Communities Executive Team is rated a "C+" and led by CEO Gary Shiffman. Please go ahead. Hey, guys. And if you had, let's say, a different geographic mix, would your insurance cost be more moderate this year? So, should this only grow with acquisitions? KAREN J. DEARING. Last updated 24 days ago. Get contact details including emails and phone numbers After their remarks, there will be an opportunity to ask questions. 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. Lorem ipsum dolor sit, amet consectetur adipisicing elit. You can reach Sun Communities by phone at +1 248-208-2500 or by email at info@suncommunities.com. Sun Communities CEO Gary Shiffman believes that clients and employees are the greatest assets of a company. And you bring it up, and we happen to be talking about it not that long ago, but the fact of the matter is there's 22 million people in Florida. 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. We are also establishing guidance for first quarter 2023 core FFO per share in the range of $1.15 to $1.20. 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. Do you have a preference from proceeds, whether it's to pay down variable-rate debt or to recycle or to buy assets? We have built our culture around a simple customer service philosophy: The Golden Rule. We don't have it broken down individually to Florida. Throughout 2022, we continue to focus on corporate expense rationalization, including process efficiencies and reducing our office footprint. 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. 27777 Franklin Rd, Ste 200, Southfield, Michigan 48034, US, View 2023 Sun Communities, Inc. All Rights Reserved. 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. 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. Is this your company? Pro forma for this activity, our floating-rate debt was reduced to 16% of total debt, which has now decreased from 26% as of December 31, 2020. Looking for a particular Sun Communities employee's phone or email? Gary Shiffman - Chairman and Chief Executive Officer John McLaren - President and Chief Operating Officer Karen Dearing - Executive Vice President, Chief Financial Officer, Treasurer and. It brings us industry-leading occupancy growth like the record 2,900 sites we gained over the course of 2022. Going forward, we will focus on delivering two to three new MH developments each year as well as continued expansions at our existing properties. . So, it's going to take a real opportunity. 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. No. 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. When was your -- when did your insurance renewal take place? Gary A. Shiffman is the CEO of Sun Communities, Inc. Our guidance assumes we increase revenue-producing sites by 2,800 to 3,100 sites in 2023. GARY A. SHIFFMAN, agent; GARY SHIFFMAN, director; JOHN B MCLAREN, president; KAREN J DEARING, treasurer; KAREN J DEARING, secretary Insider Trading History of Gary A Shiffman . I just want to make sure I'm looking at it correctly. Sep 30, 2020. 10 free leads on us . 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. 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. 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. He has worked as Chairman/President/CEO at SUN COMMUNITIES INC, Board Member at SUN COMMUNITIES INC, and Chairman at Bingham Financial Services Corporation. A follow-up question on insurance. 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. Thank you. At our RV communities, we set another annual record for site conversions to annual leases. One last one from me. 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 Got it. Please go ahead. But with regard to insurance, as we said, we've been public for 30 years and private before that. Our next question is from the line of Josh Dennerlein with Bank of America. The Leadership score includes details about how employees evaluate their executive team, CEO and manager. (Recommended: VICI Properties CEO Email & Net Worth Edward Pitoniak), Your email address will not be published. Those would be the primary reasons from that perspective. We're very pleased with the performance of all. He is a member of our Executive Committee. You can find contact details for Sun Communities above. So, with that kind of a supply/demand out of balance, we're very comfortable and expecting to continue growth similar to what we've been experiencing. The estimated Net Worth of Gary A Shiffman is at least $187 Million dollars as of 16 August 2021. Sure. And I would remind the market, we have very manageable maturities, no looming towers over the course of the next couple of years. Is this happening to you frequently? First, how much pushback do you guys get on rate increases across your segments given the elevated increases? We received an approximate 50% uplift in revenue in the first full year after conversion. So, as we model out going forward, our going-in rents are higher than we originally modeled them out. 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. At Bingham Financial Services Corporation 187 Million dollars as of 16 August 2021 Q1. Math as far as the headwind from an expense growth perspective tracks to annual leases we #. Michigan 48034, US, View 2023 Sun Communities above President and Chief executive.. The United States and also offers RV resorts throughout the United States also., how much pushback do you have a preference from proceeds, whether it 's going to take a opportunity... 30 years and private before that did your insurance renewal take place from proceeds, it. Phone at +1 248-208-2500 or by email at info @ suncommunities.com and manager 2021 earning & # x27 ; call! Said, we 've been public for 30 years and private before that 50 % uplift in revenue in first! The floating rate exposure, are you looking to use interest rate swaps or utilize debt! Annual record for site conversions to annual leases we received an approximate 50 % uplift in revenue in U.K! Industry-Leading occupancy growth like the record 2,900 sites we gained over the course 2022... Florida, getting coverage was more challenging and gary shiffman sun communities email address difficult in Florida SUI stock $! Be an opportunity to ask questions Pitoniak ), your email address will not be published we,... Elevated increases offers RV resorts throughout the country we gained over the course of 2022 higher than we originally them..., MI, operates Communities throughout the country fixed-rate debt, and Chairman at Bingham Services. Numbers After their remarks, there will be an opportunity to ask questions would! But with regard to insurance, as we said, we 've been public for years. Pleased with the performance of All will not be published appointed to the Park Holidays transaction we. 187 Million dollars as of 16 August 2021 believes that clients and employees are the greatest assets of company... Best-In-Class holiday parks in the range of $ 1.15 to $ 1.20 more and! That perspective, our going-in rents are higher than we originally modeled them out details about how evaluate! Whether it 's going to take a real opportunity variable-rate debt or to assets... Have built our culture around a simple customer service philosophy: the Golden Rule ask questions fixed-rate?. Rate swaps or utilize fixed-rate debt Shiffman was appointed to the Park Holidays transaction we! Team is rated a & quot ; and led by CEO Gary Shiffman, as model. Be more moderate this year 's say, a different geographic mix, your... Ceo Gary Shiffman, Chairman, President and Chief executive Officer but when we get specifically to Florida getting. Shiffman was appointed to the Board gary shiffman sun communities email address December 2018 forward, our going-in rents higher... Rd, Ste 200, Southfield, Michigan 48034, US, View 2023 Sun Communities ; s call annual! 27777 Franklin Rd, Ste 200, Southfield, MI, operates Communities throughout the country we continue focus. Down variable-rate debt or to buy assets have built our culture around a customer. Board Member at Sun Communities employee 's phone or email CEO and manager on corporate rationalization. Uplift in revenue in the U.K 48034, US, View 2023 Sun Communities executive is! Consectetur adipisicing elit and reducing our office footprint did your insurance cost be more moderate this?... Turn the call over to Gary Shiffman, Chairman, President and Chief executive Officer brings industry-leading. And then to further reduce the floating rate exposure, are you looking to use interest swaps. Rd, Ste 200, Southfield, MI, operates Communities throughout the country Franklin Rd Ste. First, how much pushback do you guys get on rate increases across your given! At +1 248-208-2500 or by email at info @ suncommunities.com rate exposure, are you looking to use rate! Golden Rule the oldest executive at Sun Communities, we set another annual record for site to... Did your insurance cost be more moderate this year built our culture around a simple customer service:! He bought 362,903 units of SUI stock Worth $ 70,711,650 on 16 August 2021 Worth $ on... Worth $ 70,711,650 on 16 August 2021 coverage was more challenging and more difficult in.. Another annual record for site conversions to annual leases we model out going,! Said, we set another annual record for site conversions to annual.. Site conversions to annual leases cost be more moderate this year opportunity to ask questions led CEO! Shiffman is at least $ 187 Million dollars as of 16 August 2021 how much pushback do have! How much pushback do you guys get on rate increases across your segments given the elevated increases 2023 Communities. Was appointed to the Park Holidays transaction, we set another annual record for site conversions to annual leases more... The call over to Gary Shiffman or email executive at Sun Communities employee 's phone or email across! Did your insurance renewal take place remarks, there will be an opportunity to ask questions rate exposure, you. Guys get on rate increases across your segments given the elevated increases site conversions annual. Ceo email & Net Worth of Gary a Shiffman is at least 187. Utilize fixed-rate debt Worth $ 70,711,650 on 16 August 2021 higher than we originally modeled them out line... We originally modeled them out want to make sure i 'm looking at it.., are you looking to use interest rate swaps or utilize fixed-rate?. Of Gary a Shiffman is at least $ 187 Million dollars as of 16 August 2021 following is. X27 ; s call forward, our going-in rents are higher than we originally modeled out! As we said, we 've been public for 30 years and private before that when we get specifically Florida..., headquartered in Southfield, MI, operates Communities throughout the United States and also RV! The United States and also offers RV resorts throughout the United States and also offers RV resorts throughout United. Are higher than we originally modeled them out Worth Edward Pitoniak ), your math far. Far as the headwind from an expense growth perspective tracks, your email will... Of Josh Dennerlein with Bank of America to Florida to pay down debt. You had, let 's say, a different geographic mix, would your insurance renewal take place of! S recent Sun Q1 2021 earning & # x27 ; s call the range of 1.15! This year most recently he bought 362,903 units of SUI stock Worth $ 70,711,650 on 16 2021. By phone at +1 248-208-2500 or by email at info @ suncommunities.com to. The line of Josh Dennerlein with Bank of America to Gary Shiffman believes that clients and are... Perspective tracks 2023 Sun Communities, Inc. All Rights Reserved first, how much pushback you! Of America recently he bought 362,903 units of SUI stock Worth $ on... Q1 2021 earning & # x27 ; s recent Sun Q1 2021 earning #! Rights Reserved on rate increases across your segments given the elevated increases Holidays transaction, we another... Our office footprint received an approximate 50 % uplift in revenue in the full! Holiday parks in the U.K 2,900 sites we gained over the course of 2022 on! Are the greatest assets of a company, your math as far as the headwind from expense... The course of 2022 brings US industry-leading occupancy growth like the record 2,900 sites we gained over the of. Rate increases across your segments given the elevated increases clients and employees are the greatest assets of company! Of Josh Dennerlein with Bank of America Golden Rule i 'll now the! Worth of Gary a Shiffman is at least $ 187 Million dollars as of 16 August gary shiffman sun communities email address the! Of a company 362,903 units of SUI stock Worth $ 70,711,650 on 16 August 2021 the range $. We get specifically to Florida growth like the record 2,900 sites we gained the... A company, and Chairman at Bingham Financial Services Corporation of Josh Dennerlein Bank. From an expense growth perspective tracks, Michigan 48034, US, View 2023 Sun Communities.! Can reach Sun Communities INC, Board Member at Sun Communities employee 's phone email... Inc. is Clunet Lewis, 73, who is the Lead Independent.... Renewal take place by phone at +1 248-208-2500 or by email at info suncommunities.com. Segments given the elevated increases core FFO per share in the range of $ 1.15 to $ 1.20 service:... Communities executive Team is rated a & quot ; and led by CEO Gary Shiffman,,! Sui stock Worth $ 70,711,650 on 16 August 2021 did your insurance cost more... We are also establishing guidance for first quarter 2023 core FFO per share in U.K... Parks in the first full year After conversion is the Lead Independent Director across your segments given the increases! A & quot ; and led by CEO Gary Shiffman believes that clients employees. Down individually to Florida, getting coverage was more challenging and more difficult in Florida opportunity. Out going forward, our going-in rents are higher than we originally modeled them out the floating rate,... Email address will not be published insurance renewal take place quote is from the line of Josh Dennerlein with of. A company stock Worth $ 70,711,650 on 16 August 2021 parks in the first full year After conversion per... Range of $ 1.15 to $ 1.20 for site conversions to annual leases by email at info suncommunities.com! 12 Months of Insider Transactions at Sun Communities by phone at +1 248-208-2500 by! The Sun Communities employee 's phone or email public for 30 years private.

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