| Business Summary | | Sun
Communities,
Inc.
and
its
subsidiaries
own,
operate
and
finance
manufactured
housing
communities
concentrated
in
the
midwestern
and
southeastern
United
States.
The
Company
is
a
fully
integrated
real
estate
company
that,
together
with
its
affiliates
and
predecessors,
has
been
in
the
business
of
acquiring,
operating
and
expanding
manufactured
housing
communities
since
1975.
At
December
31,
2000,
the
Company
owned
and
operated
or
financed
a
portfolio
of
109
developed
properties
(the
Properties)
located
in
15
states,
including
99
manufactured
housing
communities,
five
recreational
vehicle
communities
and
five
properties
containing
both
manufactured
housing
and
recreational
vehicle
sites. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SUI
is
a
real
estate
investment
trust
company
which
owns
and
operates
manufactured
housing
communities
in
the
midwestern
and
southeastern
U.S.
For
the
six
months
ended
6/30/01,
total
revenues
increased
7%
to
$77.2
million.
Net
income
increased
32%
to
$19.4
million.
Revenues
reflect
the
acquisition
of
additional
communities
and
rent
increases.
Net
income
also
reflects
lower
property
operating
and
maintenance
expenses
as
a
percentage
of
revenues. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Gary Shiffman, 46 Chairman,
Pres, CEO | $380K | Jeffrey Jorissen, 56 CFO,
Sr. VP, Treasurer, Sec. | 257K | Brian Fannon, 52 COO,
Sr. VP | 341K | Jonathan Colman, 45 Sr.
VP- Acquistions | 136K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|