| Business Summary | | American
Insured
Mortgage
Investors
L.P.-Series
86
is
primarily
involved
in
the
management
of
its
portfolio
of
mortgage
investments.
The
Company
is
a
liquidating
partnership
and,
as
it
continues
to
liquidate
its
mortgage
investments
and
investors
receive
distributions
of
return
of
capital
and
taxable
gains,
investors
should
expect
a
reduction
in
earnings
and
distributions
due
to
the
decreasing
mortgage
base.
A
partnership
agreement
states
that
the
Company
will
terminate
on
December
31,
2020,
unless
previously
terminated.
As
of
December
31,
2000,
the
Company
had
invested
in
13
Insured
Mortgages,
with
an
aggregate
amortized
cost
of
approximately
$38
million,
a
face
value
of
approximately
$37
million
and
a
fair
value
of
approximately
$37
million. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | American
Insured
Mortgage
Investors
L.P.
-Series
86
is
a
liquidating
partnership
principally
engaged
in
the
management
of
its
portfolio
of
mortgage
investments.
For
the
six
months
ended
6/30/01,
revenues
rose
5%
to
$1.6
million.
Net
income
applicable
to
LP
rose
66%
to
$1.9
million.
Results
reflect
the
temporary
investment
of
mortgage
disposition
proceeds
prior
to
distribution
to
Unitholders,
and
a
$679
thousand
recognized
gain
from
the
disposition
of
St.
Charles
Place-Phase
II. | More
from
Market Guide: Significant
Developments |
| | |
| Position | William Dockser, 63 | Chairman | H. William Willoughby, 53 | Pres
and Sec. | Cynthia Azzara, 40 | CFO | Brian Hanson, 38 | Sr.
VP | David Iannarone, 39 | Sr.
VP |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|