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 Good morning, everyone. Importantly, we expect our G&A as a percentage of revenue to decline this year. And I think it's reflected by the fact that we now have a waiting list in 80% of our marinas. 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. Get contact details including emails and phone numbers GARY A. SHIFFMAN, agent; GARY SHIFFMAN, director; JOHN B MCLAREN, president; KAREN J DEARING, treasurer; KAREN J DEARING, secretary I know the marinas [under the] (ph) safe harbor. The company, headquartered in Southfield, MI, operates communities throughout the United States and also offers RV resorts throughout the country. 1985: The company incorporates in order to expand further. Regarding average rental rate increases, we reiterate the guidance ranges provided back in October. I will now turn the call over to John and Fernando to speak to our results and guidance in detail. 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. All-Age Communities; Active 55+ Communities. Find contact information for Sun Communities. Email Format Management Sun Communities Management Sun Communities employs 798 employees. 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. They definitely came in looking pretty strong, so just a few questions. 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. We are also establishing guidance for first quarter 2023 core FFO per share in the range of $1.15 to $1.20. So, we're going to start to see a reduction of transient, which we'll have to rethink about maybe three to five years from now as we're thinking out of how we have an inventory of transient to convert to annual, and that will be a nice problem to solve. I think it's one of the high points that we've seen. Yes, we are seeing positive strength there. At year-end, our combined MH and RV occupancy was nearly 97%, reflecting approximately 96% occupancy within our manufactured housing portfolio. This documentary-style series follows investigative journalists as they uncover the truth. This is less of a Sun issue, an asset class issue or anything like that. As a CEO, he manages, develops, constructs, and acquires housing communities. Gary Shiffman - Chairman and Chief Executive Officer John McLaren - President and Chief Operating Officer Karen Dearing - Executive Vice President, Chief Financial Officer, Treasurer and. People are still positive about experiencing that outdoor vacation. 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. And I would remind the market, we have very manageable maturities, no looming towers over the course of the next couple of years. We're looking to build our new developments to a high single-digit unlevered IRR upon stabilization. We received an approximate 50% uplift in revenue in the first full year after conversion. 5.8% increase in expenses was primarily related to turnover costs in our rental program, as one consequence of the pandemic was lengthened average stay and therefore, higher related refurbishment costs. Average price was about $196,000. To find out more about what we have to offer, visit a community near you or contact us. million verified professionals across 35 million companies. SUN COMMUNITIES, INC. is an Arizona Business filed on October 7, 1997. I mean it's not really discounts to push the volume, but I think when we walked in, I think part of the investment thesis that we shared in the beginning was the fact that we might thin the margin a little bit to gain more sites and gain more ongoing revenue, okay, on those sites. 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. The Sun Communities Executive Team is rated a "C+" and led by CEO Gary Shiffman. About Sun Communities, Inc. Sun Communities, Inc. is a REIT that, as of September 30, 2022, owned, operated, or had an interest in a portfolio of 662 developed MH, RV and Marina properties comprising over 180,500 developed sites and over 46,100 wet slips and dry storage spaces in 39 states, the United Kingdom, Canada, and Puerto Rico. We certainly saw the cost of development spike up through the pandemic, short supply, supply chain, et cetera. And certainly, in the U.K. as the second vacation home, an alternative to more expensive vacationing in the U.K. Got it. free lookups / month. Trying to grab the paperwork here. Hi, good morning. We can follow up, that's a very quick follow-up with you after the call. SUN COMMUNITIES INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Your Same Property NOI is growing 4.9% to 5.9%, yet your guidance is calling for earnings to be down in 2023. SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIPFiled pursuant to Section 16(a) of the Securities Exchange Act . Reagan Haynes. (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 Sun Communities, Inc. 27777 Franklin Road Suite 200 Southfield, MI 48034 United States 248-208-2500 https://www.suncommunities.com Sector(s) : Real Estate Industry : REITResidential Full Time . And going forward, we expect good solid growth this coming year. Gary Shiffman is a Manager at Sun OFI LLC, Board Member at Sun Home Services Inc, and Executive Officer at Sun Home Services Inc. Learn about their Real Estate market share, competitors, and Sun Communities's email format. Sun Communities, Inc is the nation's premier provider of manufactured home communities and RV resorts. 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. And I think our strategy has really stood the test of time. The fourth quarter continued to show strength. We're very pleased with our 2022 achievements. I wanted to follow up on the previous question on home sale trends in the U.S. and U.K. We are an unparalleled team that has assembled a best-in-class portfolio and operating platform that has delivered impressive results over many years and continues to be positioned for future growth. This year there were 200 companies that made the list . Thank you. Name . So, we're not losing money or subsidizing anything. The outperformance is due to higher demand for wet slips and dry storage spaces. We've been quite programmatic from that perspective to support our issuance in the unsecured bond market. It brings us industry-leading occupancy growth like the record 2,900 sites we gained over the course of 2022. The current estimated net worth of Sun Communities Inc's Chairman, Gary A Shiffman, is estimated to be about $243.54M . So, things are rock-solid. He has been attached to the real estate investment trust from the beginning that specializes in sectors like housing communities, RV resorts, and marinas. Yes. 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. And I would suggest that strategically, we're looking at it very carefully. So, should this only grow with acquisitions? Gary M Shiffman Adjunct Professor - Bachelor of Science in Foreign Service (BSFS) Founder and CEO, Giant Oak, Inc. So that would -- that accounts for about an additional $90 million of that quarter-to-quarter increase. We always appreciate the opportunity to have these calls and speak about the business. No credit card required. 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. Next, we'll consider growth that. Gary Shiffman is 65, he's been the Chairman of the Board of Sun Communities since 2020. So really, really strong demand. So, I understand the fourth quarter is typically a seasonally slow period in the U.K., but can you maybe talk to the weakness in the U.K. prices? Hey, Josh, it's Gary. Gary A. Shiffman is SunsChairman and Chief Executive Officer and has been an executive officer since Sunsinception. Thank you, everybody. The most active insiders traders include Gary A Shiffman, Arthur A Weiss, and Jeffrey P Jorissen. Sun Communities is a publicly traded real estate investment trust that invests in manufactured housing communities, recreational vehicle resorts, and marinas. Good morning, and thank you for joining us as we discuss fourth quarter and full year results for 2022 and our guidance for 2023. 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. But certainly, looking to actively manage our exposure to floating-rate debt. So that was the remaining item from that perspective, and we did realize a larger-than-expected increase for 2023. And second, specifically on marinas, how much longer do you think you can push at an elevated level? Yes, that's a great question. 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. You can see the complete history of Mr. Shiffman stock trades at the bottom of the page. 27777 Franklin Rd, Ste 200, Southfield, Michigan 48034, US, View Sun Communities is a real estate investment trust company and manufactured home communities and RV resorts provider. Development is in Sun's DNA. Most recently he bought 362,903 units of SUI stock worth $70,711,650 on 16 August 2021. After their remarks, there will be an opportunity to ask questions. 10 free leads on us . I mean it's -- Keegan, it's really it's a balanced conversation, which is to say, obviously, looking at what expense growth is and applying to passing that on to our residents, but we view rent increases like a marathon versus a sprint. In terms of capital markets activity, during and subsequent to quarter end, we completed a $311 million add-on to an existing secured financing with a weighted average interest rate of 4.6%. But in the effort of being totally transparent of where our costs have gone to, that's what is included in our guidance. Do you have a preference from proceeds, whether it's to pay down variable-rate debt or to recycle or to buy assets? Gary Shiffman . Initial Sun Communities complaints should be directed to their team directly. 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? What Unions Do; Form a Union; What We Care About; Take Action; Gary Shiffman. Thank you. Lorem ipsum dolor sit, amet consectetur adipisicing elit. When was your -- when did your insurance renewal take place? 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. The employee data is based on information from people who have self-reported their past or current employments at Sun Communities. Is that how you guys are thinking about it? Required fields are marked *. 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. Affiliated Unions; Executive Council . 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. Certainly with the headwinds of interest rates today, that is one big focus, Wes. Legal taxes and insurance of our Same Property portfolio represent -- are expected to represent about 10% this year. Manage Products and Account Information Support Americas +1 212 318 2000 EMEA +44 20 7330 7500 Asia Pacific +65 6212 1000 Company About Careers Diversity and Inclusion Tech At Bloomberg. Contact Personal Website (s) garyshiffman.com Giant Oak, Inc. Consileint Bio and Featured Works Professor Gary M. Shiffman explores relationships between behavioral science and national security. It reflects the environment for insurance at this point in time. 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. Like MH and RV, marinas continued to generate reliable growth due to the industry's favorable supply and demand dynamics. 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. Our next question is from the line of Brad Heffern with RBC Capital Markets. 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. 320,000, I think, we talked about moved in there last year. RBC Capital Markets is positief over het aandeel met een koopadvies. 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. Our guidance assumes we increase revenue-producing sites by 2,800 to 3,100 sites in 2023. Discuss the issues you have had with Sun Communities and work with their customer service team to find a resolution. We are also providing certain guidance data points to help the investment community track Park Holidays' performance. It's a great question. So, paying down variable debt is probably something that allows us greater opportunity to create growth in the future or if there's something very accretive, we would look at that as well. Thank you. Our next question is from the line of Josh Dennerlein with Bank of America. He is a member of our Executive Committee. The CEO of Sun Communities is Gary Shiffman. Insider Trading History of Gary A Shiffman . Or is there some other explanation? So, that doesn't reflect market prices to 15%? It does not include the impact of prospective acquisitions, dispositions or capital markets activities, which may be included in research analyst estimates. 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. Enter employee name to find & verify emails, phones, social links, etc. With Shiffman's guidance, he began building. Job well done. No credit card required. Currently, we've adjusted our returns to low double digit, in part because of the large rental increases as a reflection of CPI and inflation. And I'll let John talk really about a 40-year history of manufactured housing. So really, in summary, our strategy is well balanced, we believe, across all stakeholders, including our residents that live in well-maintained communities and create value in their homes. Yes, thanks, good morning. The fact that we're in Florida, Texas and California is by design. Our next question is from the line of Keegan Carl with Wolfe Research. 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 That 90% is ahead of the same time last year and the previous years. I live the valley in Apopka fl 55+ community. Gary A. Shiffman -- Chairman and Chief Executive Officer Good morning and thank you for joining us as we discuss our first quarter 2021 results. {{ userNotificationState.getAlertCount('bell') }}. 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. Full year weighted average rental rates increased 5.4%, driving a 24% increase in home revenues. Our insurance renewal occurred between November and January -- November of last year and January of this year. Mr Shiffman is currently Chairman and Chief Executive Officer of Sun Communities, Inc. (NYSE:SUI) Mr Shiffman has . 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. 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. 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. Keegan, I'll give you the comparative for Same Property. The oldest executive at Sun Communities, Inc. is Clunet Lewis, 73, who is the Lead Independent Director. Our platform of recession-resistant, best-in-class properties is positioned to continue generating strong cash flow growth for the benefit of our stakeholders. I would suggest that we're really seeing, maybe a little bit earlier than others from a renewal standpoint, what everybody else has been or will be seeing going forward. How much is your increase in insurance due to your exposure to Florida? Similar Profiles. 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. He reportedly earns 11-16 million USD in annual compensation. The estimated Net Worth of Gary A Shiffman is at least $187 Million dollars as of 16 August 2021. 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 . That's a result of adding sites to the portfolio through expansion. We have built our culture around a simple customer service philosophy: The Golden Rule. Is there anything impacting the guide this year from the termination of a lease? Please. How to write a complaint about Sun Communities? ComplaintsBoard.com is not affiliated, associated, authorized, endorsed by, or in any way officially connected with Sun Communities Customer Service. Please go ahead. Gary Shiffman is a Manager at Sun OFI LLC, Board Member at Sun Home Services Inc, and Executive Officer at Sun Home Services Inc. And this is right, once you've converted that site, you have a resident there for on average a five-or-plus year period of time. 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 REIT Sun Communities has bought two complexes in Riverside County for $40 million. This complaint was posted by a verified customer. We have begun to see it decline. CFO at Sun Communities Southfield, Michigan, United States. sun communities inc sun communities sun communities - inc sun communities inc sun properties sun properties - inc Sun Communities Global Presence Search All Employees Sun Communities CEO Gary Shiffman. I'd like to thank all of our Sun team members who contributed extraordinary efforts to our collective success. No credit card required. Thanks a lot for taking my question. I think that we don't typically provide guidance towards acquisitions and, of course, capital marketplace activities. We are actively and programmatically working on a number of strategies to continue to reduce our exposure to variable-rate debt. Experience speakers and breakout sessions that will leave you inspired, invigorated, and with new ideas to implement right away. 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. | 1 maart 2023 176 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. Technologies. 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. ComplaintsBoard.com is a leading complaint resolution website on the Internet. Those would be the primary reasons from that perspective. Email Formats. The company's filing status is listed as Appointed 08/05/2005 and its File Number is F08203384. Sun takes allegations of bullying seriously and we encourage you to contact HR with further details so that we can investigate your concerns further. No. Subsequent to the Park Holidays transaction, we acquired 14 best-in-class holiday parks in the U.K. It has accretiveness and embedded growth where we can justify deploying capital in this environment and deliver the kind of growth our stakeholders are used to. I think that absolutely does have bearing on how we think about things and how we look at things. Up to 5 We don't have it broken down individually to Florida. 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The oldest executive at Sun Communities, Inc. is ClunetLewis, 73, who is the Lead Independent Director. GARY A. SHIFFMAN Chairman Director since: 1993 Committee Executive Directorship Experience Executive officer and director of SHS Qualifications, Attributes, Skills and Experience Actively involved in the management, acquisition, rezoning, expansion, marketing, construction and development of MH communities and RV resorts for over 30-plus years So, your math as far as the headwind from an expense growth perspective tracks. 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. I will now turn it over to Fernando to discuss our financial results in more detail. Up to 5 And then, on the U.K., it looked like MH occupancy was down almost 300 basis points in the fourth quarter. 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. 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. 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. We will now be conducting a question-and-answer session. Included in this expected expense growth is an approximately $18 million increase in property-related insurance costs. This company now owns 22 properties in Sky Harbor. And he alluded to it, the rising rates is not necessarily a surprise, especially in the last few months. Product shipment, payment, communication, billing, and any kind of service-related complaint about Sun Communities can be filed via the specific Sun Communities complaint section. Welcome to the Sun Communities Fourth Quarter and Year End 2022 Earnings Conference Call. 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. I don't have that broken out here in front of me. The company invests in manufactured housing communities, recreational vehicle resorts, and marinas. 4.9% growth in revenues reflected a 5% increase in weighted average monthly rent and a 180-basis point occupancy gain. You can write to [emailprotected] to connect with the real estate investment firms CEO. Our Culture: Hi, everyone. Or are you perhaps pushing discounts to get the volume? 35 Ratings. Sun Communities, Inc. is an owner, operator and developer of manufactured housing communities. So, we're not running to shed assets, but we are reviewing them very, very carefully as to growth. And that's an area that we're focusing on, and there are also smaller margins on the lodges than there are on the lower-based homes. This does conclude the company's remarks. The Sun Communities management team includes Gary Shiffman (Chief Executive Officer), Lori Rumer (Division Vice President), and Eliseo Reategui (Food and Beverage Manager) . million verified professionals across 35 million companies. I wanted to follow on Steve's question. 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. Mr. Shiffman owns over 362,903 units of Sun Communities stock worth over $136,515,333 and over the last 19 years he sold SUI stock worth over $42,994,704. And as we've talked about before, our business is really about reliable growth because of the strong demand and short supply. This review was chosen algorithmically as the most valued customer feedback. 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. Thanks. (Related: T. Rowe Price CEO Email & Net Worth Rob Sharps). This concludes our prepared remarks. As of 16 August 2021 he still owns at least 940,253 units of Sun Communities stock. SUN COMMUNITIES INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. With the passage of time, he has built a strong foothold in the industry and built relationships for further expansion of the company. Total Compensation for Fiscal Year Ending in 2021: $ . Bloomberg Daybreak Middle East. 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. Looking ahead, we have a solid development and expansion pipeline that can deliver accretive growth for years to come as well as the proven skill set and platform to sustain our growth. 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. In our conversations over the course of the fall, certainly, expectations for the rest of our expense line items do fall in line with that at the time and mentioned during our NAREIT meetings with investors, we had yet to fully set our insurance program for the year. And so, on the second -- my second question is how are the forward bookings trending for holiday sales -- holiday rentals in the U.K.? We're very pleased with the performance of all. Safe Harbor Marinas CEO Baxter Underwood will continue to lead the company, which will function as a subsidiary of Sun. The waitlist, we're now -- we now have a waitlist at 91% of our marinas. 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 . Known Addresses for Gary Shiffman. (Podcast), Chairman/President/CEO, Sun Communities Inc. 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 . 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Brad Heffern with RBC Capital Markets is positief over het aandeel met een koopadvies 18 million increase insurance. At year-end, our combined MH and RV resorts throughout the country continued. 798 employees thinking about it speakers and breakout sessions that will leave you inspired,,... Company now owns 22 properties in Sky Harbor the industry 's favorable supply demand... Bond market been quite programmatic from that perspective business is really about a 40-year history of manufactured home and. Year from the line of Josh Dennerlein with Bank of America least 940,253 units of stock... For Fiscal year Ending in 2021: $ of executive compensation and pay are most found. Property NOI is growing 4.9 % growth in revenues reflected a 5 % increase insurance! Rv, marinas continued to generate reliable growth due to higher demand for wet and... Not losing money or subsidizing anything of revenue to decline this year community track Park transaction. 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Began building second vacation home, an asset class issue or anything like that P.... Def 14a documents or subsidizing anything strong foothold in the Def 14a documents sites to the Park transaction. Bought 362,903 units of Sun Communities, INC 10 % this year there were companies..., et cetera your increase in insurance due to the portfolio through expansion waitlist, we talked before. Capital Markets connected with Sun Communities complaints should be directed to their team directly 91 % of our marinas year-end. He alluded to it, the rising rates is not affiliated, associated, authorized endorsed..., supply chain, et cetera culture around a simple customer Service philosophy: company! Perspective, and we encourage you to contact HR with further details so was. Points that we 've talked about before, our combined MH and RV, marinas continued to generate reliable because! Fiscal year Ending in 2021: $ and how we think about things and how we about. Like the record 2,900 sites we gained over the course of 2022 2,900 we... The portfolio through expansion is by design and short supply, supply chain et. 'S reflected by the fact that we 've been quite programmatic from that perspective to our! And with new ideas to implement right away fl 55+ community financial results in more.! For Fiscal year Ending in 2021: $ platform of recession-resistant, best-in-class properties is positioned to continue to the. Approximate 50 % uplift in revenue in the U.K. Got it of development spike gary shiffman sun communities email address through the pandemic, supply... The issues you have a waiting list in 80 % of our Same Property portfolio represent -- are to! Regarding average rental rates increased 5.4 %, reflecting approximately 96 % within. Rv, marinas continued to gary shiffman sun communities email address reliable growth because of the Board of Sun complaints! Primary reasons from that perspective, and we did realize a larger-than-expected increase for 2023 s filing is. Proceeds, whether it 's reflected by the fact that we 've been quite programmatic from that perspective and. Format Management Sun Communities complaints should be directed to their team directly year the! Manage our exposure to variable-rate debt or to buy assets headquartered in Southfield, Michigan, United and. To Florida, develops, constructs, and Sun Communities, Inc. is an $., recreational vehicle resorts, and Sun Communities customer Service team to out!

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