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  September 5, 2001
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Home > Company Index > Real Estate > REIT - Diversified & Misc. > Correctional Properties Trust

Correctional Properties Trust
NYSE: CPV
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 PROFILE
Correctional Properties Trust, a real estate investment trust (REIT), was formed to buy correctional and detention facilities. The REIT owns about 10 correctional facilities purchased from and leased back to Wackenhut Corrections. Four of these facilities are located in California; the remainder are scattered across the US. The REIT's properties, which include work release centers, juvenile and adult correctional facilities, and INS facilities, have a total capacity of more than 6,100 beds. Under an agreement with Wackenhut Corrections, Correctional Properties Trust has the option to buy additional correctional and detention facilities from Wackenhut when the facilities reach 75% of capacity.

 COMPETITION
Children's Comprehensive Services, Inc. (KIDS)
Cornell Companies, Inc. (CRN)
Corrections Corporation of America (CXW)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 22.70
1-Yr. Sales Growth: 11.8%

 KEY PEOPLE
• Charles R. Jones
    CEO
• David J. Obernesser
    CFO

 CONTACT INFO
3300 PGA Blvd.
Palm Beach Gardens, FL 33410
US
Phone: 561-630-6336
Fax: 561-630-6311

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