| Business Summary | | American
Land
Lease,
Inc.
is
a
real
estate
investment
trust
(REIT).
The
Company
is
a
self-administered
and
self-managed
company
in
the
business
of
owning,
acquiring,
developing
and
managing
manufactured
home
communities.
As
of
December
31,
2000,
the
Company
held
interests
as
owner
or
ground
lessee
in
33
manufactured
home
communities
and
one
recreational
vehicle
park
with
a
total
of
6,350
operational
homesites,
1,291
developed
homesites,
1,761
undeveloped
homesites
and
129
recreational
vehicle
sites.
These
properties
contain,
on
average,
289
sites,
with
the
largest
property
containing
1,133
homesites.
These
properties
offer
residents
a
range
of
amenities,
including
swimming
pools,
clubhouses,
golf
courses
and
tennis
courts.
In
addition,
the
Company
manages
two
communities
for
third-party
owners. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | American
Land
Lease
is
a
REIT
that
holds
interest
in
30
manufactured
home
communities
with
5,768
operational
homesites,
3,050
expansion
sites,
and
129
RV
sites.
For
the
six
months
ended
6/30/01,
total
revenue
rose
22%
to
$20.1
million.
Net
income
rose
from
$904
thousand
to
$4.8
million.
Results
reflect
higher
rental
revenue
and
increased
homesales
activity.
Net
income
also
reflects
a
$4
million
gain
on
the
sale
of
real
estate
and
the
absence
of
$1
million
in
management
contract
amortization
charges. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Terry Considine, 53 Chairman
of Directors (Class II) and CEO | -- | Robert Blatz, 39 Pres,
COO | $178K | Thomas Rhodes, 61 Vice
Chairman | -- | Shannon Smith, 35 CFO,
Treasurer | -- | Joseph Gaynor, 55 VP
- Devel., Gen. Counsel | 150K | 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
|
|