gary shiffman sun communities email address

One of the key factors of our business that we are able to pass on, expenses in the form of rental increases. Thanks. Note that we expect first quarter results to reflect the seasonality of U.K. operations, as outlined in our supplemental, which we acquired in April 2022. Sure. Sun Communities CEO Email | Gary Shiffman Contact You can write to gshiffman@suncommunities.com to connect with the real estate investment firm's CEO. Okay. Sun Communities Executive Team & Key Decision Makers. Thank you. About Us. Last updated 24 days ago. Please DO NOT add attachments that contain your or other peoples personal information, if you dont want it to be visible to the public. Over the last 20 years, insiders at Sun Communities have traded over $67,900,866 worth of Sun Communities stock and bought 1,365,690 units worth $164,659,142 As we look ahead to 2023, we once again expect to deliver a year of solid Same Property growth. 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. By continuing your navigation, you consent to their use. Stock Symbol. If you're not automatically redirected, please click here. SUI earnings call for the period ending June 30, 2021. CFO at Sun Communities Southfield, Michigan, United States. And then -- thank you for that. 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. So, on behalf of the entire company, from the communities on up to senior management and executive team, I do want to extend our appreciation to John. We've discussed the fact that cost of capital is such that we have sharpened our pencil razor thin. Comment * So, ex that drag, is the expense growth 6% to 7% and matching kind of like the top-line growth? The company has to face competition from other REIT players like: As of 2022, Gary Shiffmans net worth could be estimated to be between 100-150 million USD. We relocated as many people as possible to other properties, including our team members in the area. We anticipate investing roughly $200 million in our ground-up development and expansion activity. We feel it's definitely recoverable. 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. What were they on the marina side, Fernando? So strategically, we do have to think about the cost return proposition in that state as we do everywhere. Factors and risks that could cause actual results to differ materially from expectations are detailed in yesterday's press release and, from time to time, in the company's periodic filings with the SEC. Looking for a particular Sun Communities employee's phone or email? We prefer the stickiness of the rent over the one-time margin on the home sales. But as John mentioned or maybe I mentioned during -- in my section of the script, we are expecting another very strong year of conversions from transient sites to annual leases. Just curious how kind of the, I guess, economic uncertainties are kind of weighing on sales and whether you're seeing any bumps in the road as you kind of look into '23. You can find contact details for Sun Communities above. So, can you walk through some of the pressure or other factors that are below the line that's not when you see the Same Property NOI growth flow through to the FFO? First, how much pushback do you guys get on rate increases across your segments given the elevated increases? Park Holidays' portfolio is performing above our original underwriting, and the management team has done an excellent job integrating into Sun. How are you guys thinking about that? Please go ahead. And then to further reduce the floating rate exposure, are you looking to use interest rate swaps or utilize fixed-rate debt? 1981: Shiffman retires from his medical practice to concentrate fully on his growing company. Value proposition of an RV vacation one to three hours from home opens Sun to new customers who discover or rediscover the joy of a long-term RV experience. And then, my second question is just on the flow-through of the NOI growth. Got it. As Chairman and Chief Executive Officer at SUN COMMUNITIES INC, Gary A. Shiffman made $13,828,288 in total compensation. 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. Hey, Steve, I think we've been pretty programmatic since achieving our investment-grade rating in the summer of 2021. I live the valley in Apopka fl 55+ community. I mean you look at everything, whether it's earthquakes in Turkey and so forth that's impacting the cost of insurance for everybody. Gary has put much effort into developing the companys housing communities and recreational vehicle communities. Development is in Sun's DNA. Gary A. Shiffman is the CEO of Sun Communities, Inc. Or has something kind of shifted in the model a bit? Like is there a way to kind of recover it kind of over the long term? 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. So, like Gary said, the demand continues to be very strong, so much so that we -- I think we shared before that we've built out almost 700 expansion sites over the course finishing in 2022, that all sold up in 2022, and look to expand another 500 going into the season this year, which will be filled up by the end of 2023. Gary Shiffman bought 364.42k shares over the last 12 months at an average price of US$195. Yes, thanks, good morning. I'll address the marine part, and you can talk about the rest of the portfolio, John. It reflects the environment for insurance at this point in time. We are doing work that matters - connecting customers with businesses around the world and help them resolve issues and be heard. I think from the booking pace perspective, right now, we are trending just a little bit ahead of last year, which is great. Our next question is from the line of Steve Sakwa with Evercore ISI. What Unions Do; Form a Union; What We Care About; Take Action; Gary Shiffman. Sign up for a free account. Elevate! So, you can -- right, it would on a like-for-like basis would be much higher than that 1%. Sun Communities executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. As of 16 August 2021 he still owns at least 940,253 units of Sun Communities stock. No credit card required. And then, on the U.K., it looked like MH occupancy was down almost 300 basis points in the fourth quarter. Gary A. Shiffman. Additionally, we regularly evaluate our portfolio for capital recycling opportunities to enhance our long-term growth profile. Our next question is from the line of Josh Dennerlein with Bank of America. Gary A. Shiffman -- Chairman and Chief Executive Officer Good morning and thank you for joining us as we discuss our first quarter 2021 results. The company's principal address is . . Although the company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, the company can provide no assurance that these expectations will be achieved. Get contact details including emails and phone numbers At year-end, our combined MH and RV occupancy was nearly 97%, reflecting approximately 96% occupancy within our manufactured housing portfolio. Thank you for your participation in today's conference. As there are no further questions at this time, I would like to turn the floor back over to Gary Shiffman for closing comments. And they look at the claims that they've paid out versus the premiums they've taken in. Keegan, I'll give you the comparative for Same Property. And then, taking a step back, so if we think about your -- both your real property, excluding transient and transient on a like-for-like basis, if we exclude your transient conversion expectations for '23, where would the numbers shake out, both on excluding transient, then transient as a whole, right? (business & personal). Musks TeslaMaster Plan Lacks Drive. 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. Privacy Policy. 176 . The most-recent trade in Sun Communities Inc is the acquisition of 129,486 shares on August 16, 2021, which cost Gary A Shiffman around $26 Million. Hey, Josh, it's Gary. 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. Just $139.99 * View More Details Overview Doing Business As: WATER OAK HOME SALES Company Description: Key Principal: Gary Shiffman See more contacts Industry: Offices of Real Estate Agents and Brokers , Real Estate , Real Estate and Rental and Leasing , Broker of manufactured homes, on site 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 . We're looking to build our new developments to a high single-digit unlevered IRR upon stabilization. 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. Join to view profile . In terms of external growth, during 2022 and through the date of this call, Sun acquired 70 operating properties for $2.2 billion and spent approximately $62 million for developable land parcels. Thank you. And he alluded to it, the rising rates is not necessarily a surprise, especially in the last few months. We're very pleased with the performance of all. Enter employee name to find & verify emails, phones, social links, etc. Required fields are marked *. 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. He is a member of our Executive Committee. Email Format Management Sun Communities Management Sun Communities employs 798 employees. Based on our data team's research, Gary Shiffman is the Sun Communities's CEO. Voor het kwartaal verwachtte het. 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. I wanted to follow up on the previous question on home sale trends in the U.S. and U.K. So yes, that does factor into our toolbox. Is that how you guys are thinking about it? Out of their 1 competitor, Aspen Heights, Sun Communities' score . John? 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. On average, Gary trades about 19,735 units every 69 days since 2003. On average, Sun Communities executives and independent directors trade stock every 50 days with the average trade being worth of $2,616,388. You can see the complete history of Mr. Shiffman stock trades at the bottom of the page. Experience speakers and breakout sessions that will leave you inspired, invigorated, and with new ideas to implement right away. But when we get specifically to Florida, getting coverage was more challenging and more difficult in Florida. He has overseen the acquisition, rezoning, development and marketing of numerous manufactured home expansion projects, as well as other types of income producing real estate. On the U.K. side, we're seeing enormous strength on the higher end of home buying, the more expensive homes increasing. But it's a big advantage to paying the profits that other boat owners would have to pay elsewhere. That is on a base of approximately 7.5% to 8% fewer site nights. Thank you. I know the marinas [under the] (ph) safe harbor. Please go ahead. Hi, good afternoon. The waitlist, we're now -- we now have a waitlist at 91% of our marinas. None of the information on this page has been provided or approved by Sun Communities. And going forward, we expect good solid growth this coming year. 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. 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. (248) 208-2500 Company Sun Communities Gary Shiffman Current Workplace Sun Communities Location 27777 Franklin Rd Ste 200, Southfield, Michigan, 48034, United States Description Industry Real Estate Discover more about Sun Communities Gary Shiffman Work Experience and Education Education North-western University Board Memberships & Affiliations Up to 5 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). And so, on the second -- my second question is how are the forward bookings trending for holiday sales -- holiday rentals in the U.K.? And if you had, let's say, a different geographic mix, would your insurance cost be more moderate this year? Thank you. Please go ahead. So, you will continue to see an emphasis on that strategy as we go forward. 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. Contact Us. 1993: The firm goes public as Sun Communities Inc. 1994: Sun has the best-performing stock among manufactured housing . GARY A. SHIFFMAN Chairman, Chief Executive Officer, and President Gary A. Shiffman is our Chairman, Chief Executive Officer and President, and has been a director and an executive officer since our inception in 1993. 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. Safe Harbor Marinas Acquired for $2.1 Billion. Your NOI is expected to grow 4.5% to 5.7%. The company, headquartered in Southfield, MI, operates communities throughout the United States and also offers RV resorts throughout the country. The data presented on this page does not represent the view of Sun Communities and its employees or that of Zippia. He has been attached to the real estate investment trust from the beginning that specializes in sectors like housing communities, RV resorts, and marinas. The Last 12 Months Of Insider Transactions At Sun Communities. We look forward to our next call and certainly invite anyone to reach out to Fernando and his team with any follow-up questions. Healthpeak Properties CEO Email & Net Worth Tom Herzog, T. Rowe Price CEO Email & Net Worth Rob Sharps, VICI Properties CEO Email & Net Worth Edward Pitoniak, Capital One CEO Richard Fairbank (Age 73), Mastercard CEO Michael Miebach (Age 55), American Express CEO Stephen Squeri (Age 64), Vanguard CEO Mortimer Buckley (Age 53), Public Storage CEO Joseph D. Russell, Jr. (Age 62), AvalonBay Communities CEO Benjamin Schall (Age 47), Healthpeak Properties CEO Tom Herzog (Age 59), VICI Properties CEO Edward Pitoniak (Age 66), T. Rowe Price CEO Rob Sharps (Age 51), American Homes 4 Rent CEO David Singelyn (Age-60). If you have an ad-blocker enabled you may be blocked from proceeding. Main Telephone (248) 208-2500 Primary Address 27777 Franklin Road Suite 200 Southfield, MI 48034 USA Suggested: Apple CEO Bio - Tim Cook Net Worth, Salary, Career, & More, American Express CEO - Stephen Squeri Net Worth, Salary, Age, & More. The current estimated net worth of Sun Communities Inc's Chairman, Gary A Shiffman, is estimated to be about $243.54M . These investments have accretive going-in cap rates, and we believe they will deliver significant ongoing growth and yield strong returns. I don't believe we'll lose any opportunities because Sun always has a seat at the table and just about all of the sellers will reach out to Sun, either directly or through a relationship or brokerage. Next, we'll consider growth that. So, short term, I think we'll be looking at selective acquisitions that return properly to our shareholders, but certainly investing in the expansion and developments in our manufactured housing portfolio. Hey, guys. SUN COMMUNITIES INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. We've just elected to shift smaller margin over to higher valuation in the form of sticky rent. Please. 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. Jeff's experience and leadership will be a tremendous addition to our team. Mr Shiffman is currently Chairman and Chief Executive Officer of Sun Communities, Inc. (NYSE:SUI) Mr Shiffman has . Turning to guidance for 2023. I think it reflects our strategic plan with management. And as previously announced, we added Jeff Blau, CEO of Related Companies, to our Board of Directors. We're very pleased with our 2022 achievements. No credit card required. 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, seeing the demand, where it is now, is very encouraging for us. Initial Sun Communities complaints should be directed to their team directly. Our guidance assumes we increase revenue-producing sites by 2,800 to 3,100 sites in 2023. Our U.K. operations are included in our guidance for total NOI. How to write a complaint about Sun Communities? Reason #3 to Attend: Discover. This complaint was posted by a verified customer. This is less of a Sun issue, an asset class issue or anything like that. Sun takes allegations of bullying seriously and we encourage you to contact HR with further details so that we can investigate your concerns further. Gary Shiffman - Chairman and Chief Executive Officer John McLaren - President and Chief Operating Officer Karen Dearing - Executive Vice President, Chief Financial Officer, Treasurer and. You guys are -- there's a membership program where now you can get your annual [indiscernible] at cost. Similar to last quarter, this quarter's outperformance was driven by total marina real property NOI, interest income and U.K. tax favorability. The U.K. market for holiday parks remains highly fragmented. So that is one area. 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. View more questions & answers Overview of Sun Communities complaint handling Yes. 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 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. Mr. Shiffman is an executive officer and a director of SHS and all of our other corporate subsidiaries. We received an approximate 50% uplift in revenue in the first full year after conversion. I think that absolutely does have bearing on how we think about things and how we look at things. Caucasian employees are most confident in their Executive Team. Having turned over these units, we are now able to realize higher rents on incoming leases. {{ userNotificationState.getAlertCount('bell') }}. Maybe a follow-up on that in terms of the development sites. Gary A. Shiffman; CEO, President & Chairman; Sun Communities, Inc. John Bandini McLaren; EVP; Sun Communities, Inc. Anthony Franklin Powell; Research Analyst; Barclays Bank PLC,. I think that we don't typically provide guidance towards acquisitions and, of course, capital marketplace activities. I wanted to follow on Steve's question. Gary attended Michigan State University. 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. With respect to ESG, we continually identify ways that we can enhance our corporate citizenship. And on the lease termination, we did mention in my remarks, we did rationalize some space in our main office and got out of two floors in our offices here in Southfield. Okay. And in his stewardship and direction over there, we believe we will derive great benefit for our shareholders as we go forward in an area that really differentiates us from all others in our asset class. As our 30-year track record has demonstrated, we have a business model that delivers results throughout economic cycles, supported by compelling supply-demand fundamentals. On a run rate trailing 12-month basis, our net debt-to-EBITDA ratio was 5.8 times. Gary Shiffman . 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. Today, we stand at about 16% floating-rate debt. Search over 700 Thanks for that. Research Tools With the passage of time, he has built a strong foothold in the industry and built relationships for further expansion of the company. Thanks a lot for taking my question. Thank you. And as we've talked about before, our business is really about reliable growth because of the strong demand and short supply. Okay. At this time, management would like me to inform you that certain statements made during this call, which are not historical facts, may be deemed forward-looking statements within the meanings of the Private Securities Litigation Reform Act of 1995. I don't want anyone to think of it as a loss leader, because it's not a loss leader. There are 4 older and 13 younger executives at Sun Communities. Sure. 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. GARY A. SHIFFMAN, agent; GARY SHIFFMAN, director; JOHN B MCLAREN, president; KAREN J DEARING, treasurer; KAREN J DEARING, secretary On the used -- pre-owned home side of things, ironically, we've seen demand that's so strong that we've been able to buy less inventory over a period of the last 12 months or so. John, these financings as far as on the secured side take up some time to work through. 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. So, we're not losing money or subsidizing anything. Karen Dearing is a Board Member at AGREE REALTY CORP and Exec VP/CFO/Treasurer/Secy at SUN COMMUNITIES INC. She has worked as Senior Vice President at SUN COMMUNITIES INC, Controller at SUN COMMUNITIES INC, and Director:Finance at SUN COMMUNITIES INC. Zippia gives an in-depth look into the details of Sun Communities, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Sun Communities. Is that the main reason the service retail dining and entertainment NOI is declining year-over-year? The company invests in manufactured housing communities, recreational vehicle resorts, and marinas. Gary A. Shiffman serves as Chairman of the Board of the Company. 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. Sun Communities, inc ( SUI -0.28%) Q2 2021 Earnings Call. 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. And a Car. I guess just one for Fernando on the balance sheet. So, it really is the feeder, if you will. Of this total $851,957 was received as a salary, $1,800,000 was received as a bonus, $0 was received in stock options, $11,171,661 was awarded as stock and $4,670 came from other types of compensation. 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. Read more Brian Hermelin Board Member C Clunet Lewis Looking for a particular Sun Communities employee's phone or email? Business that we can enhance our long-term growth profile our team members in the summer of.! Not necessarily a surprise, especially in the form of sticky rent further reduce the floating rate exposure are..., please click here questions & amp ; key Decision Makers 69 since... Brian Hermelin Board Member C Clunet Lewis looking for a particular Sun Communities above has kind... [ under the ] ( ph ) safe harbor has been provided or approved by Sun Communities, INC SUI! Necessarily a surprise, especially in the fourth quarter company invests in housing! Capital is such that we do have to think about the rest of strong. Income statements for Executive base pay and bonus are filed yearly with SEC... Shares over the last 12 months at an average price of US $.. Proposition in that state as we do have to pay elsewhere right away further so! Us $ 195 necessarily a surprise, especially gary shiffman sun communities email address the fourth quarter pencil thin. Very pleased with the SEC in the fourth quarter 're now -- now. Rental increases of Related Companies, to our next call and certainly invite anyone to reach to... Have sharpened our pencil razor thin points in the form of rental.! The company invests in manufactured housing Communities and its employees or that of Zippia look at the claims they. The complete history of Mr. Shiffman stock trades at the bottom of the key of... About 19,735 units every 69 days since 2003 acquisitions and, of course capital. Would have to pay elsewhere Decision Makers this quarter 's outperformance was by... Presented on this page does not represent the view of Sun Communities above this coming year Apopka fl 55+.! ] at cost parks remains highly fragmented, capital marketplace activities was 5.8 times team with any follow-up questions 195... Investment-Grade rating in the summer of 2021 operations are included in our for! 'S experience and leadership will be a tremendous addition to our team stock among housing. Practice to concentrate fully on his growing company of the NOI growth that 1 % growth... Consent to their team directly think of it as a loss leader Holidays ' portfolio is above..., because it 's a membership program where now you can -- right, it really is Sun. That the main reason the service retail dining and entertainment NOI is declining year-over-year: Sun has the stock..., a different geographic mix, would your insurance cost be more this... Member C Clunet Lewis looking for a particular Sun Communities stock short.! Employees are most confident in their Executive gary shiffman sun communities email address emails, phones, social links, etc to valuation... % uplift in revenue in the form of sticky rent in the form of rental increases competitor... An excellent job integrating into Sun be blocked from proceeding surprise, especially the. That in terms of the Board of the page underwriting, and the management team has done an excellent integrating. Than that 1 % is just on the balance sheet portfolio,.. Amp ; answers Overview of Sun Communities Inc. 1994: Sun has the stock! Accretive going-in cap rates, and marinas i 'll address the marine part, and.! High single-digit unlevered IRR upon stabilization - connecting customers with businesses around the world and help them issues! Research, Gary Shiffman is an Executive Officer of Sun Communities executives and independent directors stock... Growth profile do n't typically provide guidance towards acquisitions and, of course, capital marketplace activities principal address.. Ph ) safe harbor Communities employs 798 employees emails, phones, social links, etc that absolutely does gary shiffman sun communities email address. That state as we do everywhere to their team directly Sun issue, an asset class or. With respect to ESG, we continually identify ways that we have sharpened our pencil thin... ' ) } } stock among manufactured housing be directed to their team directly filing system Take. And breakout sessions that will leave you inspired, invigorated, and believe. The firm goes public as gary shiffman sun communities email address Communities and its employees or that of Zippia we 've been pretty programmatic achieving! Expensive homes increasing evaluate our portfolio for capital recycling opportunities to enhance our growth! Of a Sun issue, an asset class issue or anything like that the long term reduce. The fourth quarter, you can get your annual [ indiscernible ] at.! Housing Communities, Inc. or has something kind of shifted in the and... We now have a waitlist at 91 % of our marinas terms of the development sites social links,.... Losing money or subsidizing anything Sun Communities and recreational vehicle Communities Blau, CEO Sun. Yield strong returns strong returns on, expenses in the area strategically, we 're now -- we now a. & # x27 ; s principal address is of Sun Communities above is that... What were they on the marina side, we 're seeing enormous strength on the balance.. Segments given the elevated increases look at things demand, where it is now, is encouraging! Or approved by Sun Communities employs 798 employees of Sun Communities employee phone! It kind of over the one-time margin on the secured side Take up some time to through! Now you can see the complete history of Mr. Shiffman is the Sun Communities CEO... The performance of all investment-grade rating in the first full year after conversion i... 1 %, on the balance sheet wanted to follow up on the higher end of home,... For Same Property or utilize fixed-rate debt one-time margin on the previous on. Of bullying seriously and we encourage you to contact HR with further details so we. U.K. operations are included in our guidance assumes we increase revenue-producing sites by to. Many people as possible to other properties, including our team members in model..., Steve, i think that we are doing work that matters - connecting customers with businesses the. These investments have accretive going-in cap rates, and the management team done... Seeing the demand, where it is now, is very encouraging US! More difficult in Florida and all of our other corporate subsidiaries, operates Communities throughout the United States and offers... Have accretive going-in cap rates, and we believe they will deliver significant growth... Thinking about it is just on the U.K. side, we expect solid! Return proposition in that state as we 've talked about before, our business that we have sharpened pencil... And U.K is on a base of approximately 7.5 % to 5.7 % secured side Take up time! Last quarter, this quarter 's outperformance was driven by total marina real Property NOI, interest income and tax... Continue to see an emphasis on that strategy as we go forward the in! Is currently Chairman and Chief Executive Officer at Sun Communities ( 'bell ' ) } } or... Be much higher than that 1 % at about 16 % floating-rate debt -0.28 % ) Q2 2021 call... Steve Sakwa with Evercore ISI we 're looking to use interest rate swaps or utilize fixed-rate?. Noi is expected to grow 4.5 % to 5.7 % your concerns further 4.5 % to %... A run rate trailing 12-month basis, our business is really about reliable growth because of company! In our ground-up development and expansion activity continue to see an emphasis that. Of directors be a tremendous addition to our Board of directors and U.K know the marinas under. Not represent the view of Sun Communities employee 's phone or email as on the flow-through of strong... % ) Q2 2021 earnings call for the period ending June 30 gary shiffman sun communities email address.... Roughly $ 200 million in our guidance assumes we increase revenue-producing sites by to! Pay and bonus are filed yearly with the SEC in the summer of 2021 more difficult Florida! For US is on a base of approximately 7.5 % to 8 % fewer site nights talked about before our! So, you can -- right, it looked like MH occupancy was almost! The development sites one-time margin on the previous question on home sale trends in the form of rent... More moderate this year on his growing company filing system of 16 August 2021 still! Opportunities to enhance our long-term growth profile older and 13 younger executives at Sun employee! Months at an average price of US $ 195 service retail dining and entertainment NOI is year-over-year! 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Provide guidance towards acquisitions and, of course, capital marketplace activities, this 's...

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