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Home > Company Index > Real Estate > REIT - Retail > Horizon Group Properties, Inc.

Horizon Group Properties, Inc.
Nasdaq (SC): HGPI
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 PROFILE
Horizon Group Properties is a real estate investment company that owns and operates about a dozen factory outlet centers. The company's properties are primarily located in the Midwest, although it also has holdings in California, Nevada, Pennsylvania, and Texas. Its retail complexes are about 80% occupied by tenants such as clothiers Phillips-Van Heusen and The Gap. Horizon Group Properties is the product of a spinoff of weaker performing properties left over from the 1998 merger of Prime Retail and Horizon Group. Company director Howard Amster indirectly owns more than 90% of Horizon Group Properties' stock.

 COMPETITION
Chelsea Property Group, Inc. (CPG)
Prime Retail, Inc. (PRT)
Tanger Factory Outlet Centers, Inc. (SKT)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 28.00
1-Yr. Sales Growth: (7.9)%
Employees: 163
Revenue per employee: $171,779.14

 KEY PEOPLE
• Gary J. Skoien
    CEO
• David R. Tinkham
    CFO

 CONTACT INFO
77 West Wacker Dr., Ste. 4200
Chicago, IL 60601
US
Phone: 312-917-8870
Fax: 312-782-5867
Online: Web Site

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