As a CEO, he manages, develops, constructs, and acquires housing communities. He is a member of our Executive Committee. Demand for our manufactured housing communities and RV locations is evident in our consistently high occupancy levels, gains in revenue-producing sites and solid Same Property NOI growth. Suggested: Apple CEO Bio - Tim Cook Net Worth, Salary, Career, & More, American Express CEO - Stephen Squeri Net Worth, Salary, Age, & More. Sign-In-To-Your-Account. I think it reflects our strategic plan with management. Safe Harbor owns and operates 101 marinas in the U.S. with a network of nearly 40,000-member boat owners in 22 states. Yes, we are seeing positive strength there. Maybe a follow-up on that in terms of the development sites. 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. On average, Sun Communities executives and independent directors trade stock every 50 days with the average trade being worth of $2,616,388. But that being said, we can't underscore the fact that with this increased cost, as Fernando mentioned of $18 million, we're still seeing at Same Property growth of 5.4% at the midpoint. 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. Based on our data team's research, Gary Shiffman is the Sun Communities's CEO. The marinas, currently owned and operated by Dallas-based Safe Harbor Marinas, include locations in [] 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. Mr Shiffman was appointed to the Board in December 2018. This year marks Sun's 30th year as a public company. I think that we don't typically provide guidance towards acquisitions and, of course, capital marketplace activities. 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. 1985: The company incorporates in order to expand further. And if you were to pay down debt, could you sell noncore assets and accretively repay down the variable-rate debt? So, things are rock-solid. Get Contact Info for All Departments Sun Communities Org Chart Gary Shiffman New home sales are up. So, our expectation is that we will pass-through these costs through rental increases as we go forward because they're part of our operating business. Hey, Josh, it's Gary. 50 followers 40 connections. We feel it's definitely recoverable. There are 4 older and 13 younger executives at Sun Communities. We never had a stronger balance sheet, but we're very, very focused on bringing value and growth opportunity to our shareholders. He is our Chairman and Chief Executive Officer and has been a director and an executive officer since our inception in 1993. And we will closely evaluate and continue to evaluate our exposure that is impacted by insurance as we go forward. The most recent stock trade was executed by Clunet R Lewis on 27 February 2023, trading 1,500 units of SUI stock currently worth $222,765. In 2022, core FFO per share grew 12.9%, driven by strong demand for our offerings as well as our accretive investment activity. By continuing your navigation, you consent to their use. We're fortunate that the higher income earners in the U.K., which represent holiday homeowners in our portfolio, are benefiting from that, meaning that savings -- they're bearing higher interest on their savings, their pensions are tracking with the pace of inflation. Okay. So, you can -- right, it would on a like-for-like basis would be much higher than that 1%. Lorem ipsum dolor sit, amet consectetur adipisicing elit. Gary attended Michigan State University. 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. It's actually one that we started on in July of the second quarter. And I would suggest that strategically, we're looking at it very carefully. You can see the complete history of Mr. Shiffman stock trades at the bottom of the page. There's over 100 million people there, and we focus our geographic footprint and target the right markets to operate in. 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 just on the excluding transient portion too, right, what would the range be if you exclude your expectations, because there's going to be a bit of an uplift? And more so a question on how we should think about modeling this line item going forward. So, we believe we can still quite -- develop, if you will, a lot more beneficially than we can acquire out in the marketplace as cap rates have not adjusted for manufactured housing, of course, because of the fundamentals that investors see in manufactured housing, and because Sun, being one of the largest consolidator, has created a really [dearth] (ph) of acquisition opportunity there in manufactured housing. Stock Symbol. 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. Garry Shiffman, age 67, helped his father Milton M. Shiffman, who was a medical practitioner, built Sun Communities. 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. 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Gary Shiffman Email Address Found 3 email address listings: @suncommunities.com @vivabeverages.com @basseyselesko.com Gary Shiffman Phone Number Found 6 phone numbers: 248-910-XXXX 248-661-XXXX 248-661-XXXX 775-323-XXXX 248-208-XXXX +1 more View Gary's Email & Phone (It's Free) 5 free lookups per month. After their remarks, there will be an opportunity to ask questions. We have two property management companies competing in one community. The largest trade he's ever made was buying 453,841 units of Sun Communities stock on 3 May 2004 worth over $15,929,819. We're very pleased with the performance of all. 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. Gary's experience in and dedication to the advancement of behavioral science, national security, and data science make him an ideal thought partner. What Could Elon Musk Possibly Be Thinking? 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. During 2022, we delivered 2,000 new expansion and greenfield development sites in North America, which was at the high end of our guidance. And I would just emphasize the point that Gary made in his answer, which is that this has a lot more to do with what events are taking place across the world, okay? 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. The company invests in manufactured housing communities, recreational vehicle resorts, and marinas. (Podcast), Chairman/President/CEO, Sun Communities Inc. I will now turn the call over to John and Fernando to speak to our results and guidance in detail. So, it's more back to normal, I think. Real estate investment trust Sun Communities said it is acquiring Safe Harbor Marinas for $2.11 billion. So, I think, again, 40-year track record, 30-year public, 10-year private, indicates that we will be able to continue to get the correct growth based on the value proposition. I wanted to follow up on the previous question on home sale trends in the U.S. and U.K. Sure. Featured: Microsoft CEO Bio- Satya Nadella Net Worth, Age, Career, & More! And by paying down that debt, if that's what we elect to do, we obviously recapture of that lost interest rate. Our insurance renewal occurred between November and January -- November of last year and January of this year. Over the last year, we can see that the biggest insider sale was by the Chairman & CEO, Gary Shiffman, for US$12m worth of shares, at . I guess in hindsight, have you thought about the balance sheet in the way it wants to get constructed and maybe how you think about it philosophically on a go-forward basis in terms of fixed versus floating? Up to 5 Subsequent to the Park Holidays transaction, we acquired 14 best-in-class holiday parks in the U.K. His association with Sun Communities goes back to its inception. Sun Communities currently employs approximately 3,146 people. They're actually trending a little bit ahead of this past year, which of course, as we shared before, is great because that is the feeder for more holiday home sales and more rent paying sites. , Chairman/President/CEO, Sun Communities stock on 3 May 2004 worth over $ 15,929,819 's 30th year a. Marinas in the U.S. and U.K. Sure a question on how we should think about this. To expand further our insurance renewal occurred between November and January of this year marks Sun 's 30th as! 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