| Business Summary | | Crown
American
Realty
Trust
is
a
self-administered
and
self-managed
real
estate
investment
trust
that
is
primarily
engaged
in
the
business
of
owning,
operating,
managing,
leasing,
acquiring,
developing,
redeveloping,
expanding,
renovating
and
financing
enclosed
shopping
malls.
The
Company
conducts
all
of
its
business
activities
through
the
Crown
American
Properties,
L.P.,
the
Crown
American
Financing
Partnership,
and
other
subsidiary
partnerships
or
limited
liability
corporations.
As
of
December
31,
2000
the
Company
owns
in
fee
or
through
leasehold
interests:
26
wholly
owned
enclosed
shopping
malls
and
a
50%
partnership
interest
in
an
enclosed
shopping
mall,
Palmer
Park
Mall;
an
office
building
in
Johnstown,
Pennsylvania;
a
ground
leasehold
interest
in
a
parcel
of
land
with
an
approximately
107,000-square-foot
building;
and
approximately
76
acres
of
outparcels
and
undeveloped
land. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CWN
is
a
Maryland
REIT
engaged
in
the
development,
acquisition,
ownership
and
management
of
enclosed
shopping
malls,
and
to
a
lesser
extent,
strip
shopping
centers,
hotels
and
office
buildings.
For
the
six
months
ended
6/30/01,
revenues
rose
5%
to
$85.9
million.
Net
loss
applicable
to
Common
rose
86%
to
$7.3
million.
Results
reflect
increased
rental
income
due
to
higher
occupancy
levels,
offset
by
increased
minority
interest
and
administrative
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Mark Pasquerilla, 40 Chairman,
Pres, CEO, Trustee | $502K | Clifford Barton, 71 Trustee | -- | Donald Mazziotti, 54 Trustee | -- | Peter Siris, 45 Trustee | -- | Zachary Solomon, 65 Trustee | -- | 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
|
|