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Home > Company Index > Real Estate > REIT - Residential > American Community Properties Trust

American Community Properties Trust
AMEX: APO
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 PROFILE
American Community Properties Trust (ACPT) is a real estate investment trust (REIT) rising from the swamps. Interstate General, which needed to pay off expenses from litigation over wetlands development, spun off ACPT as a REIT in 1997. ACPT develops residential communities in Maryland and Puerto Rico. The company also owns more than 2,200 apartment units in Maryland and Virginia and over 2,600 in Puerto Rico. About 75% of its US apartments and all of its Puerto Rican units participate in low-income housing programs. ACPT subsidiary American Housing Management manages about 4,100 apartments for ACPT and third parties. The family of chairman, CEO, and CFO J. Michael Wilson owns more than half of the company.

 COMPETITION
The Town and Country Trust (TCT)
United Dominion Realty Trust, Inc. (UDR)
Washington Real Estate Investment Trust (WRE)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 31.50
1-Yr. Sales Growth: (3.1)%
Employees: 195
Revenue per employee: $161,538.46

 KEY PEOPLE
• J. Michael Wilson
    CEO
• J. Michael Wilson
    CFO

 CONTACT INFO
222 Smallwood Village Center
St. Charles, MD 20602
US
Phone: 301-843-8600
Fax: 301-870-8481
Online: Web Site

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