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Home > Company Index > Real Estate > REIT - Diversified & Misc. > Golf Trust of America, Inc.
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Golf Trust of America, Inc. |
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PROFILE |
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Golf Trust of America (GTA), an umbrella partnership real estate investment trust (UPREIT), is folding up its umbrella. GTA owns about 30 golf courses in more than a dozen states (primarily Florida and South Carolina). Third-party operators rent and manage its daily fee, resort, and country club courses; GTA helps fund improvements. Several of GTA's tenants have defaulted on their lease payments due to cash flow problems, forcing GTA to find new lessees or sell the courses. A company controlled by former director Larry Young leases 12 golf courses from GTA and owns 29% of GTA's operating partnership (the partnership owns the REIT's golf courses). GTA plans to sell off its assets and dissolve the company.
COMPETITION |
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ClubCorp, Inc. (dossier)
National Golf Properties, Inc. (TEE)
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STOCK ANALYSIS |
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FURTHER ANALYSIS
Advanced Charting
Deals
FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 57.80
1-Yr. Sales Growth: 0.9%
Employees: 13
Revenue per employee: $4,446,153.85
KEY PEOPLE |
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W. Bradley Blair
CEO
Scott D. Peters
CFO
CONTACT INFO |
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14 N. Adger's Wharf
Charleston, SC 29401
US
Phone: 843-723-4653
Fax: 843-723-0479
Online: Web Site
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Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.
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