| Business Summary | | Excel
Legacy
Corporation
acquires,
sells,
develops,
manages,
invests,
finances
and
operates
real
estate
property
and
related
businesses.
The
Company
was
originally
a
wholly
owned
subsidiary
of
Excel
Realty
Trust,
Inc.,
a
real
estate
investment
trust
now
known
as
New
Plan
Excel
Realty
Trust,
Inc.
The
Company's
primary
business
segments
consist
of
the
Commercial
Property
Unit,
the
Development
Unit
and
the
Investment
Unit.
The
Commercial
Property
Unit
manages
Company-held
operating
properties
and
includes
the
Company's
investment
in
Price
Enterprise,
Inc.
The
Development
Unit
develops
real
estate
projects,
and
the
Business
Unit
pursues
and
invests
in
public
and
private
real
estate-related
companies
and/or
their
securities. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | XLG
was
formed
to
pursue
real
estate
opportunities,
including
those
not
restricted
by
the
federal
income
tax
laws
governing
REITs
or
influenced
by
Excel's
objectives
of
increasing
cash
flows
and
maintaining
certain
leverage
ratios.
For
the
six
months
ended
6/30/01,
revenues
increased
23%
to
$11
million.
Net
income
totaled
$359
thousand
vs.
a
loss
of
$617
thousand.
Revenues
reflect
an
increase
in
interest
income.
Net
income
reflects
lower
interest
cost
and
SG&A
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Gary Sabin, 46 Chairman,
Pres and CEO | $378K | James Nakagawa, 34 CFO | -- | Richard Muir, 44 Exec.
VP, COO, Sec., Director | 270K | Kelly Burt, 42 Exec.
VP -- Devel. | 200K | S. Eric Ottesen, 44 Sr.
VP, Gen. Counsel and Assistant Sec. | 196K | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
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