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Sun Communities Inc. Message Board

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  • garfroggy garfroggy May 3, 2007 12:23 PM Flag

    Proxy arrived

    page f-29 annual

    the company made an investment in origen 2003, 5,000,000 shares at $10 a piece. Current price is $7.10 a share.

    So far after nearly 4 years down $14.50 Mil.

    Now i ask who is responsible for this?
    why are head honchos getting extravagant pay of 1.8 mil and 1.1 mil?

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    • WHITE OAK WILL MAKE THE NEWS "YET". IT'S GONNA HAPPEN!!!!Be AWARE things are not as Sun Communities would have all believe. The community in which I reside was wonderful, up kept and on site mgmt. enforced all rules and regulations with consequence, the result a safe orderly community with happy homeowners and buyers wanting to live in the community $$$$. Then the property was sold to Sun Communities and everything has went downhill. On site mgmt. is terrible to deal with. The community rules and regulations are not enforced with consequences. General rule of thumb, violations are sent out and there is no enforcement behind them. This is common knowledge. Residents do as they please with no regard to the community rules and regulations or laws and with the growing number of rented and leased homes that do bring in riff raff, its continually getting worse. Crime, vandalism, illegal activities, home sites not kept up garbage stored outside and debris lying about, no enforcement of speed limit or traffic laws. There is only one speed bump on the whole White Oak property,LOL. Tents pitched, RV's (emptying @#$%ers in sewers), at times people living in RV's on empty lots or in streets, semi trucks in and out, vehicles with expired tabs, no license plates, flat tires, up on jacks, stored cars, large car parts lying all over lots, subleasing, people renting in their homes, you never know who your neighbors are or if their wanted by the law, this is a great way to avoid any type of criminal background check. Management NOT responding to complaints and telling residents that they would never live in the community themselves. These past two winters the roads were not plowed and salted as needed. Residents slip on ice at the mailboxes and vehicles slide on the streets due to the lack of maintenance. There have even been times residents couldn't get out of the park because the roads were not plowed! So if we couldn't get out how could emergency vehicles get in? Many streetlights have been out for years and others just don't work properly due to sensor problems and teens breaking them. There is no curfew enforcement. Dogs bark in excess, pets run free, defecation, chained outside unattended for long periods, loud home, car stereos (BOOM BOOM) and loud mufflers are tolerated. Guns, break ins to homes and vehicles, soliciting, Underage teens joy riding through the community in ma and pa's car, standing water is allowed in wading pools and containers, late night parties, A ongoing problem of unsupervised children and teens. At times residents can't get down the streets due to children refusing to move out of the way. Elderly residents are bullied by teens. Residents that file complaints are harassed by management, and the list goes on. The condition of the park changes on a daily basis. Many residents are upset and very unhappy with the direction the community has taken since SUN (current mgmt.) has taken over. Residents are moving or threatening to move if things don't get better. On site mgmt. doesn't care and even when corporate management is contacted nothing is done. SHAREHOLDERS, NEED TO START GOING THROUGH THESE COMMUNITIES TO "REALLY TAKE A GOOD LONG LOOK" AND TALK (REALLY STOP & TALK) TO SOME OF THE RESIDENTS TO SEE HOW THEIR INVESTMENT IS TAKEN CARE OF, GETTING THE WHOLE PICTURE. Upset in WHITE OAK ESTATES, MOUNT MORRIS, MICHIGAN and looking to MOVE!

78.13-0.12(-0.15%)Oct 26 4:02 PMEDT