| Business Summary | | American
Community
Properties
Trust
(ACPT)
is
a
real
estate
investment
trust
(REIT)
engaged
in
four
principal
lines
of
business:
ownership
of
rental
apartment
properties
in
the
United
States
and
Puerto
Rico,
community
development
in
the
United
States
and
Puerto
Rico,
property
management
services
in
the
United
States
and
Puerto
Rico,
and
development
of
commercial
rental
properties
and/or
ground
leases
in
Puerto
Rico.
In
addition,
ACPT
is
engaged
in
limited
condominium
building
operations
in
Puerto
Rico.
The
Company
is
a
self-managed
holding
company
that
owns
all
of
the
outstanding
equity
interests
in
American
Rental
Management
Company,
American
Land
Development
U.S.
Inc.
and
IGP
Group
Corp.
and
all
of
the
common
stock
of
American
Rental
Properties
Trust. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | APO
is
a
self-managed
real
estate
investment
trust
which
is
engaged
in
ownership
of
rental
apartment
properties,
community
development,
property
management
services,
and
developement
of
commercial
rental
properties
and
ground
leases.
For
the
six
months
ended
6/30/01,
revenues
rose
5%
to
$14.3
million.
Net
income
totaled
$1.6
million,
up
from
$468
thousand.
Results
reflect
a
$630
thousand
gain
on
expropriation,
lower
cost
of
development
and
decreased
interest
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| James Wilson, 35 Chairman,
Trustee, CEO | $90K | Edwin Kelly, 59 Pres,
COO, Trustee | 311K | Antonio Ginorio, 58 Trustee | -- | T. Michael Scott, 42 Trustee | -- | Thomas Shafer, 71 Trustee | -- | 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.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|