Sun Communities said the purchase diversifies its geographic and demographic footprint. This is less of a Sun issue, an asset class issue or anything like that. And I'll let John talk really about a 40-year history of manufactured housing. Thank you for your participation in today's conference. 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. Thank you. We will remain disciplined in our investment activity, and our unparalleled expansion and development platform will continue to provide us with a differentiated growth opportunity. For those who would like to participate in the question-and-answer session, management asks that you limit yourself to two questions, so everyone who would like to participate has ample opportunity. As we look at our -- as we look strategically at the portfolio, and Gary mentioned in his remarks, right, we can -- we look at our investment program and ground-up development and expansion, we will be able to practically self-fund our investment activity in 2023, are selectively looking at opportunities on the capital recycling front, there's a couple of assets here and there, that over time can also reduce variable-rate debt. Suggested: Apple CEO Bio - Tim Cook Net Worth, Salary, Career, & More, American Express CEO - Stephen Squeri Net Worth, Salary, Age, & More. Live from Dubai, connecting Asian markets to the European opens. 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. Our next question is from the line of Anthony Powell with Barclays. Sun Communities, inc ( SUI -0.28%) Q2 2021 Earnings Call. 27777 Franklin Rd Southfield, MI 48034 31700 Middlebelt Rd Farmington, MI 48334 28800 Orchard Lake Rd Farmington, MI 48334 6212 Bromley Ct West Bloomfield, MI 48322 21155 Warner Ave Warren, MI 48091 575 Pescado Ln Fort Myers, FL 33907 4250 N State Rd Davison, MI 48423 C/O SUN COMMUNITIES, INC. The CEO of Sun Communities, Inc. ( NYSE:SUI) is Gary Shiffman. We continue to deliver long-term cash flow stability. No. We never had a stronger balance sheet, but we're very, very focused on bringing value and growth opportunity to our shareholders. free lookups / month. Gary Shiffman Email Address Found 3 email address listings: @suncommunities.com @vivabeverages.com @basseyselesko.com Gary Shiffman Phone Number Found 6 phone numbers: 248-910-XXXX 248-661-XXXX 248-661-XXXX 775-323-XXXX 248-208-XXXX +1 more View Gary's Email & Phone (It's Free) 5 free lookups per month. Contact Us. I think you mentioned and maybe in the prepared comments that it was almost like a loss leader. 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. I know the marinas [under the] (ph) safe harbor. 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. 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. 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 everything is under review. Sun Communities CEO Email | Gary Shiffman Contact You can write to gshiffman@suncommunities.com to connect with the real estate investment firm's CEO. Reason #2 to Attend: Network. Sun Communities, Inc. (NYSE:SUI) Q4 2022 Earnings Conference Call February 23, 2023 11:00 AM ET, Gary Shiffman - Chairman, President and Chief Executive Officer, Fernando Castro-Caratini - Chief Financial Officer. These new sites will begin contributing revenue in 2023 and provide a new base for growth in the coming years. We've done over $2.2 billion of IG unsecured bonds with that public market. And with the addition of Park Leisure, which are really the high end of holiday vacation parks, they have a much lower percent of fleet home ownership in those 14 properties. Our next question is from the line of Keegan Carl with Wolfe Research. Privacy Policy. 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. RBC Capital Markets is positief over het aandeel met een koopadvies. Sun Communities CEO Gary Shiffman believes that clients and employees are the greatest assets of a company. 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. Out of their 1 competitor, Aspen Heights, Sun Communities' score . Safe Harbor Marinas Acquired for $2.1 Billion. Since we achieved an investment-grade rating in 2021, we have now issued $2.2 billion of unsecured fixed-rate notes across four tranches. (Suggested: Healthpeak Properties CEO Email & Net Worth Tom Herzog). And just on the excluding transient portion too, right, what would the range be if you exclude your expectations, because there's going to be a bit of an uplift? This review was chosen algorithmically as the most valued customer feedback. 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. 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. 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. That is an increase of about 300 basis points over 2022. Okay. I guess just one for Fernando on the balance sheet. After their remarks, there will be an opportunity to ask questions. We are also providing certain guidance data points to help the investment community track Park Holidays' performance. What are you seeing on the leading-edge demand for transient RV? 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. As we know, that can go up and down. Stock Symbol. And going forward, we expect good solid growth this coming year. Your email address will not be published. Is that seasonal? Good morning. As a CEO, he manages, develops, constructs, and acquires housing communities. People are still positive about experiencing that outdoor vacation. So really, really strong demand. Please go ahead. 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 . It brings us industry-leading occupancy growth like the record 2,900 sites we gained over the course of 2022. In marinas, our 2022 Same Property results continue to demonstrate supply-demand tailwinds, with a 12:1 ratio of registered boats in the U.S. to the existing supply of leasable wet slips and dry storage spaces. 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. Maybe first on same store revenue expectations for '23. . View detailed SUI description & address. We are doing work that matters - connecting customers with businesses around the world and help them resolve issues and be heard. 10 free leads on us . We were expecting about a 90-basis point increase year-over-year in revenue from transient RV. 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. And so basically, we're just executing the plan that we set out to do. Click here to get notifications about new complaints of Sun Communities. 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. 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. Total Compensation for Fiscal Year Ending in 2021: $ . 320,000, I think, we talked about moved in there last year. Yes, Wes, it's Gary. And as we have done in the U.S. over the years, we have used our Park Holidays' footprint to opportunistically scale our presence in the U.K. And I think it's reflected by the fact that we now have a waiting list in 80% of our marinas. Yes. 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. For the 31 properties Park Holidays has owned since at least January 2021, home sales rose 17%. For the fourth quarter, we reported core FFO per diluted share of $1.33, a 1.5% increase from the prior year. We have inventory of over 16,000 fully-entitled sites for development and delivery in future years, representing embedded continued growth. And the only thing I'd add and then we covered in our posted deck is the delta difference between alternatives, whether it being single-family residential, whether it be multifamily, where you still do provide 25% more space at 50% of the per square foot cost offer a lot of advantages of being able to pull right up to the house, bring your groceries on, have your car in a carport, a garage, et cetera. 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. 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. 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. As summarized in yesterday's press release, we are establishing full year guidance for core FFO per share in the range of $7.22 to $7.42. Just one quick one from me on acquisitions. So, from the end of September to the end of December, the pound did appreciate significantly. Lastly, our Board has raised our 2023 distribution to $3.72 per share, a 5.7% increase from the prior year. 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. , but we 're just executing the plan that we set out to do Aspen Heights, Sun Communities embedded! Good solid growth this coming year is Gary Shiffman competitor, Aspen Heights, Sun.. 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