| Business Summary | | BRE
Properties,
Inc.
is
a
self-administered
real
estate
investment
trust
focused
on
the
development,
acquisition
and
management
of
multifamily
apartment
communities
in
10
targeted
metropolitan
markets
of
the
Western
United
States.
As
of
December
31,
2000,
the
Company's
multi-family
portfolio
had
real
estate
assets
with
a
book
value
of
approximately
$1.7
billion,
which
included
72
wholly
or
majority-owned
completed
multifamily
communities,
aggregating
20,195
units
in
California,
Arizona,
Washington,
Utah,
Oregon
and
Colorado.
BRE's
portfolio
also
included
21
communities
in
which
the
Company
has
a
minority
interest,
comprised
of
4,816
apartment
units,
and
12
apartment
communities
in
various
stages
of
construction
and
development,
totaling
2,839
units. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | BRE
Properties
is
a
fully-integrated
REIT
which
owns,
develops,
rehabilitates,
manages
and
acquires
apartment
communities
in
10
targeted
markets
in
the
Western
United
States.
For
the
six
months
ended
6/01,
total
revenues
rose
4%
to
$131.6
million.
Net
income
applicable
to
Common
fell
1%
to
$36.8
million.
Revenues
reflect
increased
same
store
sales
due
to
higher
average
monthly
rents.
Earnings
suffered
from
the
inclusion
of
investment
losses
related
to
VelocityHSI,
Inc. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| John McMahan, 63 Chairman | -- | -- | Frank McDowell, 52 Pres,
CEO | $1.1M | $178K | Edward Lange, Jr., 41 CFO,
Exec. VP, Sec. | 129K | -- | LeRoy Carlson, 55 COO,
Director | 397K | 43K | Lauren Barr, 39 Sr.
VP, Strategic Planning & Communications | 245K | 76K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|