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  September 5, 2001
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Home > Company Index > Real Estate > Property Investment & Management > Merry Land Properties, Inc.

Merry Land Properties, Inc.
Nasdaq (SC): MRYP
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 PROFILE
When Sam Zell's apartment giant Equity Residential Properties Trust plucked the sweet Georgia peach Merry Land & Investment, it spit out a pit -- Merry Land Properties. The company was spun off with properties not attractive to Equity Residential; the core of its portfolio are 12 apartment communities containing more than 2,600 units in Augusta and Savannah, Georgia, and Charleston, South Carolina. It also owns small office buildings in Augusta and offers property management and construction services to third parties. The company's roots go back over 100 years to Merry Brothers Brick and Tile, and Merry Land still owns some 2,500 acres of land leased to brick maker Boral Limited for clay mining.

 COMPETITION
Equity Residential Properties Trust (EQR)
Mid-America Apartment Communities, Inc. (MAA)
United Dominion Realty Trust, Inc. (UDR)

 STOCK ANALYSIS
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FURTHER ANALYSIS
• Advanced Charting
• Deals

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 21.80
1-Yr. Sales Growth: 37.1%
Employees: 94
Revenue per employee: $231,914.89

 KEY PEOPLE
• W. Tennent Houston
    CEO
• Dorrie E. Green
    CFO

 CONTACT INFO
624 Ellis St.
Augusta, GA 30901
US
Phone: 706-722-6756
Fax: 706-722-0002
Online: Web Site

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