| Business Summary | | Home
Properties
of
New
York,
Inc.
is
a
self-administered
and
self-managed
real
estate
investment
trust
that
owns,
manages,
acquires,
rehabilitates
and
develops
apartment
communities.
The
Company's
properties
are
regionally
focused
in
the
Northeastern,
Mid-Atlantic
and
Midwestern
United
States.
The
Company
conducts
its
business
through
Home
Properties
of
New
York,
L.P.,
Home
Properties
Management,
Inc.
and
Home
Properties
Resident
Services,
Inc.
The
Company,
through
its
affiliates,
as
of
December
31,
2000,
operated
319
communities
with
50,912
apartment
units.
Of
these,
39,041
units
in
147
communities
are
owned
outright,
8,325
units
in
136
communities
are
managed
and
partially
owned
by
the
Company
as
general
partner,
and
3,546
units
in
36
communities
are
managed
for
other
owners. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Home
Properties
of
N.Y.
is
a
self-administered
and
self-managed
REIT
that
engages
in
the
ownership,
management,
acquisition
and
development
of
apartment
communities.
For
the
six
months
ended
6/30/01,
total
revenues
rose
18%
to
$178.4
million.
Net
income
applicable
to
Common
rose
45%
to
$20.5
million.
Revenues
reflect
the
acquisition
of
26
apartment
communities,
higher
rental
rates
and
an
increase
in
occupancy.
Net
income
also
reflects
$13.6
million
in
gains
on
the
sale
of
four
properties. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Norman Leenhouts, 65 Chairman,
Co-CEO, Director | $276K | -- | Nelson Leenhouts, 65 Pres,
Co-CEO | 276K | $96K | Edward Pettinella, 49 Exec.
VP, Director | -- | -- | David Gardner, 45 Sr.
VP, CFO- Home Properties, HP Resident Services and HP Managem | 153K | -- | Ann McCormick, 45 Sr.
VP, Gen. Counsel, Sec. | 153K | -- | 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
|
|