| Business Summary | | Aegis
Realty,
Inc.
is
a
corporation
that
has
qualified
as
a
real
estate
investment
trust
(REIT).
The
Company
was
formed
to
acquire,
renovate,
own
and
operate
primarily
supermarket-anchored
neighborhood
shopping
centers.
As
of
December
31,
2000,
the
Company
owned
a
portfolio
of
28
retail
properties
(the
Retail
Properties)
containing
a
total
of
approximately
3.0
million
gross
leaseable
square
feet
(GLA),
held
partnership
interests
in
two
suburban
garden
apartment
properties
(the
Multifamily
Properties)
and
held
one
Federal
Housing
Administration
(FHA)
insured
participating
mortgage
secured
by
a
suburban
garden
apartment
property
(the
FHA
Mortgage).
The
locations
of
the
assets
in
14
states
provide
the
Company
with
a
geographically
diverse
portfolio. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | AER,
an
equity
REIT,
acquires,
owns,
operates
and
renovates
primarily
supermarket-anchored
neighborhood
and
community
shopping
centers.
As
of
12/00,
AER
owned
28
retail
properties.
For
the
six
months
ended
6/30/01,
revenues
rose
1%
to
$13.2
million.
Net
income
fell
81%
to
$574
thousand.
Results
reflect
an
increase
in
percentage
rent
of
White
Oak
Plaza,
Pablo
Plaza
and
other
properties,
offset
by
a
$2.3
million
charge
related
to
terminated
transaction
costs. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Stuart Boesky, 43 | Chairman,
Pres, CEO, Chief Operating Officer | Michael Wirth | CFO | Bruce Brown, 46 | Sr.
VP | Mark Schlacter, 49 | Sr.
VP | Richard Palermo, 39 | VP,
Treasurer, Controller, CAO |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|