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Home > Company Index > Real Estate > Property Investment & Management > Irvine Apartment Communities, L.P.

Irvine Apartment Communities, L.P.
 PROFILE
While you're California dreaming, you might as well imagine Irvine Apartment Communities as your landlord. The former real estate investment trust (REIT) manages about 70 apartment properties containing more than 21,000 units. Irvine Ranch (the US's largest master-planned development) in Southern California's Orange County is home to most of the company's communities, which are concentrated in the cities of Irvine, Newport Beach, and Tustin. Irvine Apartment Communities also has properties in other high-growth areas of the Golden State, including the Silicon Valley, Los Angeles, and San Diego. The firm was spun off by The Irvine Company (owned by Donald Bren) in 1993, then reacquired in 1999 after REIT stocks fell.

 COMPETITION
Avalonbay Communities, Inc. (AVB)
Equity Residential Properties Trust (EQR)
Essex Property Trust, Inc. (ESS)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1998 Sales (mil.): 220.80
1-Yr. Sales Growth: 18.1%
Employees: 59
Revenue per employee: $3,742,372.88

 CONTACT INFO
550 Newport Center Dr., Ste. 300
Newport Beach, CA 92660
US
Phone: 949-720-5500
Fax: 949-720-5550
Online: Web Site

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