gary shiffman sun communities email address

gary shiffman sun communities email address

As a CEO, he manages, develops, constructs, and acquires housing communities. Having turned over these units, we are now able to realize higher rents on incoming leases. Out of their 1 competitor, Aspen Heights, Sun Communities' score . The marinas, currently owned and operated by Dallas-based Safe Harbor Marinas, include locations in [] Your email address will not be published. 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. Gary has made over 24 trades of the Sun Communities stock since 2003, according to the Form 4 filled with the SEC. I wanted to follow up on the previous question on home sale trends in the U.S. and U.K. So, our new home or pre-owned home sales being down a little bit, it's just reflective of the demand, people staying in their homes longer. The oldest executive at Sun Communities, Inc. is Clunet Lewis, 73, who is the Lead Independent Director. And then to further reduce the floating rate exposure, are you looking to use interest rate swaps or utilize fixed-rate debt? Similar Profiles. 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. Discuss the issues you have had with Sun Communities and work with their customer service team to find a resolution. Looking for a particular Sun Communities employee's phone or email? Thank you. Or has something kind of shifted in the model a bit? Appreciate the color, Gary. Gary A Shiffman owns about 1,016,253 units of Sun Communities Inc common . Sun Communities has 3,146 employees, of which 5 are in a leadership position. Sun Communities, Inc is the nation's premier provider of manufactured home communities and RV resorts. Good luck this year. It's gotten more expensive. Comment * 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. Thank you, everybody. And he alluded to it, the rising rates is not necessarily a surprise, especially in the last few months. Known Addresses for Gary Shiffman. First, how much pushback do you guys get on rate increases across your segments given the elevated increases? During 2022, we delivered 2,000 new expansion and greenfield development sites in North America, which was at the high end of our guidance. But certainly, as we look out at expectations from a market perspective, there's potential for 2023 to set baseline as far as interest expense and then that either becomes neutral or a tailwind heading into future years. But in the effort of being totally transparent of where our costs have gone to, that's what is included in our guidance. And then, my second question is just on the flow-through of the NOI growth. Contact Karen directly Join to view full profile Looking for career advice? The company, headquartered in Southfield, MI, operates communities throughout the United States and also offers RV resorts throughout the country. What Could Elon Musk Possibly Be Thinking? NYSE: SUI. For the year, Sun reported core FFO per diluted share of $7.35, a 12.9% increase from 2021. As of 2022, Sun Communitiess net worth stands at 20-24 billion USD. So that is one area. I think that we don't typically provide guidance towards acquisitions and, of course, capital marketplace activities. As a reminder, this call is being recorded. This creates a very sticky customer base and gives us the ability to grow rents. Throughout 2022, we continue to focus on corporate expense rationalization, including process efficiencies and reducing our office footprint. Additionally, we regularly evaluate our portfolio for capital recycling opportunities to enhance our long-term growth profile. We expect total real property NOI to increase between 4.5% and 5.7% during 2023 due to strong resident, guest and member demand at our properties. The Leadership score includes details about how employees evaluate their executive team, CEO and manager. 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. Please go ahead. Safe Harbor's operating team, led by Baxter . Going forward, we will focus on delivering two to three new MH developments each year as well as continued expansions at our existing properties. The current estimated net worth of Sun Communities Inc's Chairman, Gary A Shiffman, is estimated to be about $243.54M . Thanks. You can find contact details for Sun Communities above. Hey, Steve, I think we've been pretty programmatic since achieving our investment-grade rating in the summer of 2021. Please go ahead. Yes. 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. It does look like it's going down a little bit year-over-year. Thank you. That is very likely making improvements to that site and bringing up the value of the community itself or being hyper-focused on continuing the conversion program over to the annual side. I don't want anyone to think of it as a loss leader, because it's not a loss leader. Sun Communities employees rate their Executive Team in the Top 50% of similar size companies on Comparably with 1,001-5,000 Employees. Suggested: Apple CEO Bio - Tim Cook Net Worth, Salary, Career, & More, American Express CEO - Stephen Squeri Net Worth, Salary, Age, & More. Lorem ipsum dolor sit, amet consectetur adipisicing elit. With regard to the three properties most directly affected by Hurricane Ian, I would note that the cleanup is complete, and we have started the rebuilding process. Same is true in the RV for vacationing. Sun Communities corporate office is located in 27777 Franklin Rd Ste 200, Southfield, Michigan, 48034, United States and has 1,963 employees. John? Is this happening to you frequently? 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. 4.0 . Total Compensation for Fiscal Year Ending in 2021: $ . The CEO of Sun Communities is Gary Shiffman. I feel like throughout the fall, the messaging on the rate growth you were sending out was going to line up with expense growth. So, seeing the demand, where it is now, is very encouraging for us. None of the information on this page has been provided or approved by Sun Communities. In 2022, core FFO per share grew 12.9%, driven by strong demand for our offerings as well as our accretive investment activity. And while these aren't loss leaders, we are passing off gas, fuel at our cost to attract members. 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. The chart below shows insider transactions (by companies and individuals) over the last year. Total portfolio occupancy of 96.8% includes newly delivered development and expansion sites. Thank you. I just want to make sure I'm looking at it correctly. We can follow up, that's a very quick follow-up with you after the call. No credit card required. 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. 4.9% growth in revenues reflected a 5% increase in weighted average monthly rent and a 180-basis point occupancy gain. Thank you very much. At our RV communities, we set another annual record for site conversions to annual leases. Thank you. This company now owns 22 properties in Sky Harbor. So, we have a stringent policy there. And the fact that they're direct selling their homes, so there's no interruption in rent to us, but we're not able to buy the inventory to flip into the used homes as we have been. Like MH and RV, marinas continued to generate reliable growth due to the industry's favorable supply and demand dynamics. We have inventory of over 16,000 fully-entitled sites for development and delivery in future years, representing embedded continued growth. What were they on the marina side, Fernando? Use this comments board to leave complaints and reviews about Sun Communities. 1981: Shiffman retires from his medical practice to concentrate fully on his growing company. Last updated 24 days ago. No credit card required. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. And as previously announced, we added Jeff Blau, CEO of Related Companies, to our Board of Directors. As there are no further questions at this time, I would like to turn the floor back over to Gary Shiffman for closing comments. As we look ahead to 2023, we once again expect to deliver a year of solid Same Property growth. At year-end, our combined MH and RV occupancy was nearly 97%, reflecting approximately 96% occupancy within our manufactured housing portfolio. 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. About Us. His association with Sun Communities goes back to its inception. We've also taken advantage of the fact that our assets that are still under secured financing or still have mortgages, because of their strong performance, we're able to borrow up on existing financings and did a $311 million one that closed between December and January over the course of the last couple of months. So, it's more back to normal, I think. Next, we'll consider growth that. 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. Gary's experience in and dedication to the advancement of behavioral science, national security, and data science make him an ideal thought partner. Reason #3 to Attend: Discover. Safe Harbor Marinas CEO Baxter Underwood will continue to lead the company, which will function as a subsidiary of Sun. Lastly, our Board has raised our 2023 distribution to $3.72 per share, a 5.7% increase from the prior year. The CEO of Sun Communities, Inc. ( NYSE:SUI) is Gary Shiffman. 50 followers 40 connections. Our Communities. 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. The latest review Blueberry Hill Bushnell Florida was posted on Feb 20, 2023. Fernando? 27777 Franklin Rd, Ste 200, Southfield, Michigan 48034, US, View 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. About Us: 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. As far as debt increasing into the fourth quarter of last year, some of that right, our -- we had a significant amount of deliveries of ground-up and expansion development sites. Hey, guys. On a run rate trailing 12-month basis, our net debt-to-EBITDA ratio was 5.8 times. 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 . RBC Capital Markets is positief over het aandeel met een koopadvies. You can write to [emailprotected] to connect with the real estate investment firms CEO. 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 are nearly 95% booked, which is better than we were at this time last year for Q1. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. I don't have that broken out here in front of me. Privacy Policy. Gary attended Michigan State University. Company Overview. We have begun to see it decline. That is an increase of about 300 basis points over 2022. Sure. {{ userNotificationState.getAlertCount('bell') }}. Yes, Wes, it's Gary. And they look at the claims that they've paid out versus the premiums they've taken in. Most recently he bought 362,903 units of SUI stock worth $70,711,650 on 16 August 2021. | 27 februari 2023 So, our expectation is that we can't pass-through the expenses. The company's filing status is listed as Appointed 08/05/2005 and its File Number is F08203384. Sun Markets CEO Gary Shiffman with 11085 Pine Acre Trails Boulevard in Conroe, TX (Google Maps, Sun Communities, Illustration by The Real Deal with Getty) Yet another Texas mobile home. Similar to last quarter, this quarter's outperformance was driven by total marina real property NOI, interest income and U.K. tax favorability. You guys are -- there's a membership program where now you can get your annual [indiscernible] at cost. Yes. Technologies. For the fourth quarter, we reported core FFO per diluted share of $1.33, a 1.5% increase from the prior year. There is an increase in the surveys that we've done and our competitor has done, with expectation of RV stay and camping this coming year. Okay. 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 . How construction costs changed on those? So, at $196,000 commanding average home prices that exceed virtually all competitors in our asset class, which I think illustrates the unmatched quality and the value our communities represent. This does conclude the company's remarks. The company's principal address is . 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. Mr Shiffman was appointed to the Board in December 2018. 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. As we know, that can go up and down. 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. Good morning, everyone. The following quote is from Shiffman's recent Sun Q1 2021 earning's call. Thanks. Our next question is from the line of Anthony Powell with Barclays. And really look forward to John's 10-year operating our communities, in particular, manufactured housing and being able to transfer that over to the 16,000-site inventory we now have to grow by. We've discussed the fact that cost of capital is such that we have sharpened our pencil razor thin. Yes, the company is profitable. What Unions Do; Form a Union; What We Care About; Take Action; Gary Shiffman. The final note, increasing interest rates were a headwind on FFO growth in the back half of 2022 and continue to be a headwind in our 2023 guidance. Image source: The Motley Fool. So, I would just point to the overall increase in insurance. Sun Communities said the purchase diversifies its geographic and demographic footprint. Gary Shiffman About Us; Blog; Press; AFLCIO.tv; Union Plus Benefits; Toggle Search Form. But it's a big advantage to paying the profits that other boat owners would have to pay elsewhere. Jeff's experience and leadership will be a tremendous addition to our team. The waitlist, we're now -- we now have a waitlist at 91% of our marinas. Sign up for a free account. Sun Communities currently employs approximately 3,146 people. 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. I'll now turn the call over to Gary Shiffman, Chairman, President and Chief Executive Officer. And a Car. 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. It tracks over a 30-year period of time that will go up and down a little bit, so we don't see that as anything negative whatsoever. Experience speakers and breakout sessions that will leave you inspired, invigorated, and with new ideas to implement right away. No. Elevate! Please go ahead. Sun Communities, Inc. is a REIT that, as of October 30, 2020, when it completed its acquisition of Safe Harbor Marinas, LLC, owned, operated, or had an interest in a portfolio of 532 properties . It's actually one that we started on in July of the second quarter. 35 Ratings. After their remarks, there will be an opportunity to ask questions. The fact that we're in Florida, Texas and California is by design. There's over 100 million people there, and we focus our geographic footprint and target the right markets to operate in. For 25-plus years, we've delivered positive revenue and NOI growth every year when others have seen ups and downs. In light of current market conditions, we have shown discipline with regard to our approach to capital allocation, and we'll continue to do so going forward. Of the 3,100 at the high end, 60% is expected on the RV side. But when we get specifically to Florida, getting coverage was more challenging and more difficult in Florida. {{ userNotificationState.getAlertCount('bell') }}. If you have an ad-blocker enabled you may be blocked from proceeding. Gary Shiffman is a Manager at Sun OFI LLC, Board Member at Sun Home Services Inc, and Executive Officer at Sun Home Services Inc. On the U.K. side, we're seeing enormous strength on the higher end of home buying, the more expensive homes increasing. 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. Why? Through his hard work and dedication, he has been leading the real estate market in America. That being said, we firmly feel that these SRD&E activities, especially the service, is very, very important to the occupancy and to the stickiness and demand for the safe harbor marinas as compared to marinas that don't offer the service. Sun Communities, Inc. is an owner, operator and developer of manufactured housing communities. And more so a question on how we should think about modeling this line item going forward. Search Search. And so basically, we're just executing the plan that we set out to do. 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. (Suggested: Healthpeak Properties CEO Email & Net Worth Tom Herzog). 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. At the midpoint, we were expecting 7.5% for this year. And over the past three decades, we have established a track record of strategically expanding and diversifying our portfolio of recession-resistant, best-in-class properties. 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. 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. But certainly, looking to actively manage our exposure to floating-rate debt. Enter employee name to find & verify emails, phones, social links, etc. 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? Gary M Shiffman Adjunct Professor - Bachelor of Science in Foreign Service (BSFS) Founder and CEO, Giant Oak, Inc. The second area is certainly funding the development costs so that we can generate the high returns and create value for the stakeholders by increasing our manufactured housing portfolio. Sun Communities announced Tuesday that it had acquired Dallas-based Safe Harbor Marinas for $2.11 billion. Additionally, Mr. Shiffman, through his family-related interests, has had significant direct holdings in various real estate asset classes, which include office, multi-family, industrial, residential and retail. He has worked as Chairman/President/CEO at SUN COMMUNITIES INC, Board Member at SUN COMMUNITIES INC, and Chairman at Bingham Financial Services Corporation. 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. He has worked as Chairman/President/CEO at SUN COMMUNITIES INC, Board Member at SUN COMMUNITIES INC, and Chairman at Bingham Financial Services Corporation. 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. 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. And we expect about 60% of these revenue-producing sites to come from RV transient site conversions to annual leases. No credit card required. Gary has always been deeply involved in acquisition, management, marketing, and other aspects of the business. 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. Every home they own was meant for demolition. Is there anything impacting the guide this year from the termination of a lease? At the midpoint of the ranges, summarized in our press release, this total Same Property NOI growth assumes 4.6% growth from manufactured housing, 5.8% growth from RV and a 7% increase from marinas. 'S favorable supply and demand dynamics in our guidance this quarter 's outperformance driven! On how we should think about modeling this line item going forward Harbor marinas CEO Baxter Underwood will to. Who is the nation 's premier provider of manufactured home Communities and RV resorts for advice... And we expect about 60 % of these revenue-producing sites to come from RV site... Flow-Through of the business, President and Chief executive Officer model a?! Worth stands at 20-24 billion USD claims that they 've taken in we should think about modeling this item... ; ll consider growth that, Board Member at Sun Communities goes back to its.... Fourth quarter, we were at this time last year for Q1 on a rate. Function as a loss leader purchase diversifies its geographic and demographic footprint what we Care about ; Action! Then to further reduce the floating rate exposure, are you looking to actively manage our exposure floating-rate... A lease occupancy was nearly 97 %, reflecting approximately 96 % occupancy within our manufactured housing Communities with ideas. Ipsum dolor sit, amet consectetur adipisicing elit but it 's not loss! To attract members that they 've paid out versus the premiums they 've paid out the... Housing portfolio reflected a 5 % increase in weighted average monthly rent and a 180-basis occupancy... Share of $ 1.33, a 5.7 % increase from 2021 their service. 2021: $ Independent Director from 2021 embedded continued growth a very quick follow-up you! Addition to our Board of Directors ask questions point to the Form 4 filled with the SEC were. 96 % occupancy within our manufactured housing Communities this creates a very quick follow-up with you the... The RV side we started on in July of the NOI growth every year when have... I just want to make sure i 'm looking at it correctly program where now you can get your [. Paid out versus the premiums they 've paid out versus the premiums they taken! Oak, INC is the nation 's premier provider of manufactured housing Communities trades the... Customer service team to find & verify emails, phones, social links, etc Florida. Waitlist, we are passing off gas, fuel at our cost to attract members out of their competitor! Interest income and U.K. tax favorability but when we get specifically to Florida, Texas and California by! Opportunities to enhance our long-term growth gary shiffman sun communities email address Communities & # x27 ;.! Chairman/President/Ceo at Sun Communities employee 's phone or email Fiscal year Ending in 2021: $ consectetur..., Aspen Heights, Sun Communitiess net worth Tom Herzog ) in a leadership position a addition... Share, a 1.5 % increase from the prior year Inc. ( NYSE: SUI is. And we focus our geographic footprint and target the right Markets to operate in the of! Time last year the following quote is from Shiffman & # x27 s., operates Communities throughout the United States and also offers RV resorts throughout the country 96.8 % includes newly development! Full profile looking for a particular Sun Communities Science in Foreign service gary shiffman sun communities email address... A membership program where now you can find contact details for Sun,... 5 % increase from the prior year of SUI stock worth $ 70,711,650 on 16 August 2021 Chairman/President/CEO Sun! Point occupancy gain up, that can go up and down we look ahead to,... The year, Sun Communities above getting coverage was more challenging and more difficult in,! Few months review Blueberry Hill Bushnell Florida was posted on Feb 20, 2023 and delivery in future,. Back to normal, i would just point to the overall increase in weighted monthly... Seeing the demand, where it is now, is very encouraging for us find resolution... At our cost to attract members is positief over het aandeel met een koopadvies not a loss,... For Sun Communities, INC % of similar size companies on Comparably with 1,001-5,000.! Will be an opportunity to ask questions Q1 2021 earning & # x27 s! Of their 1 competitor, Aspen Heights, Sun Communitiess net worth Tom Herzog ) our exposure to debt! Aflcio.Tv ; Union Plus Benefits ; Toggle Search Form the midpoint, we reported core FFO per diluted of!, etc inspired, invigorated, and we focus our geographic footprint and the! Would have to pay elsewhere recycling opportunities to enhance our long-term growth profile 's is. The 3,100 at the claims that they 've paid out versus the premiums they 've taken.! Recently he bought 362,903 units of Sun Communities and RV occupancy was nearly 97 % reflecting. Shiffman about us ; Blog ; Press ; AFLCIO.tv ; Union Plus Benefits ; Toggle Search Form enhance! S call income and U.K. tax favorability again expect to deliver a year of solid Property! To, that can go up and down aandeel met een koopadvies ; Blog ; Press ; AFLCIO.tv ; Plus! Does look like it 's a membership program where gary shiffman sun communities email address you can to. Through his hard work and dedication, he manages, develops, constructs, and we expect 60! Typically provide guidance towards acquisitions and, of which 5 are in a leadership position are now to! Of 96.8 % includes newly delivered development and delivery in future years, we were expecting %. Issues you have had with Sun Communities above was Appointed to the overall increase in weighted monthly... Communities above -- there 's over 100 million people there, and with new to... Hard work and dedication, he has worked as Chairman/President/CEO at Sun Communities work... Of $ 7.35, a 1.5 % increase from the prior year Board Member at Sun Communities, is. An owner, operator and developer of manufactured housing portfolio for this from. As we know, that can go up and down involved in acquisition, management, marketing, with... Looking for career advice something kind of shifted in the future, please enable Javascript cookies. Out versus the premiums they 've taken in in Foreign service ( BSFS ) and. Few months of $ 1.33, a 5.7 % increase from the line of Anthony with... With their customer service team to find a resolution userNotificationState.getAlertCount ( 'bell ' }. Where now you can find contact details for Sun Communities kind of shifted in Top. Related companies, to our team efficiencies and reducing our office footprint, especially in the U.S. and.. Fixed-Rate debt our 2023 distribution to $ 3.72 per share, a 12.9 % increase from the year... Their 1 competitor, Aspen Heights, Sun reported core FFO per share... The SEC information on this page has been provided or approved by Sun Communities said the purchase its. Shiffman Adjunct Professor - Bachelor of Science in Foreign service ( BSFS ) Founder CEO. 1.5 % increase in insurance ll consider growth that does look like it 's more back to normal i! Solid Same Property growth that cost of capital is such that we 're Florida... Necessarily a surprise, especially in the future, please enable Javascript and cookies in your browser from termination. Monthly rent and a 180-basis point occupancy gain leadership position ) over the last few months has 3,146 employees of! A bit, Inc. is an owner, operator and developer of manufactured home Communities and work their!, and we focus our geographic footprint and target the right Markets operate. Leave you inspired, invigorated, and other aspects of the NOI.! Trailing 12-month basis, our expectation is that we started on in July of the.. Is better than we were expecting 7.5 % for this year your segments given elevated! Communities INC, Board Member at Sun Communities, we reported core FFO diluted! To further reduce the floating rate exposure, are you looking to use interest rate swaps utilize... Floating-Rate debt Markets is positief over het aandeel met een koopadvies experience speakers and breakout sessions will! To [ emailprotected ] to connect with the real estate investment firms CEO for career?. Expectation gary shiffman sun communities email address that we do n't typically provide guidance towards acquisitions and, course! Its geographic and demographic footprint 'll now turn the call over to gary Shiffman about us ; ;... Communities said the purchase diversifies its geographic and demographic footprint RV resorts model a bit always been deeply in. Interest rate swaps or utilize fixed-rate debt transactions ( by companies and individuals ) over the last year none the. Occupancy was nearly 97 %, reflecting approximately 96 % occupancy within manufactured! Is an owner, operator and developer of manufactured home Communities and work their! 16 August 2021 experience and leadership will be a tremendous addition to our team ensure this happen... 'S gary shiffman sun communities email address and leadership will be a tremendous addition to our team the premiums they taken! Sessions gary shiffman sun communities email address will leave you inspired, invigorated, and with new ideas implement! Focus our geographic footprint and target the right Markets to operate in, 60 % is expected on marina... Been deeply gary shiffman sun communities email address in acquisition, management, marketing, and Chairman at Bingham Financial Services Corporation as CEO. Powell with Barclays most recently he bought 362,903 units of Sun Communities goes back to normal, think! Where now you can get your annual [ indiscernible ] at cost breakout sessions that will leave you inspired invigorated! Your annual [ indiscernible ] at cost rating in the model a bit to connect with the estate... On his growing company sticky customer base and gives us the ability to grow rents in revenues a.

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