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Home > Company Index > Real Estate > REIT - Healthcare Facilities > ElderTrust
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ElderTrust |
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PROFILE |
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Trust in ElderTrust to provide housing for the elderly. The real estate investment trust (REIT) owns and provides construction financing for assisted- and independent-living facilities, medical offices, and skilled-nursing facilities. The REIT's properties are located in the Northeast and Mid-Atlantic states, although it is also financing construction projects in Florida. ElderTrust maintains close ties to geriatric-care provider Genesis Health Ventures, which helped launch its IPO and provides over 70% of the REIT's sales. Cutbacks in government reimbursements have put the squeeze on Genesis, which filed for Chapter 11 bankruptcy; the firms have been restructuring payment schedules while awaiting better times.
COMPETITION |
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G&L Realty Corp. (GLR)
Health Care Property Investors, Inc. (HCP)
Health Care REIT, Inc. (HCN)
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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.): 26.60
1-Yr. Sales Growth: 3.5%
Employees: 6
Revenue per employee: $4,433,333.33
KEY PEOPLE |
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D. Lee McCreary
CEO
D. Lee McCreary
CFO
CONTACT INFO |
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101 E. State St., Ste. 100
Kennett Square, PA 19348
US
Phone: 610-925-4200
Fax: 610-925-4351
Online: Web Site
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Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.
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