| Business Summary | | Income
Opportunity
Realty
Investors,
Inc.
(IORI)
is
a
Real
Estate
Investment
Trust
(REIT),
which
as
of
December
31,
2000,
holds
real
estate
that
consisted
of
16
properties
held
for
investment.
In
addition,
IORI
owns
interests
in
two
partnerships,
each
of
which
owns
a
property
and
a
third
partnership
that
holds
a
wraparound
mortgage
note
receivable.
In
2000,
IORI
purchased
nine
properties
as
well
as
sold
seven
properties.
IORI's
business
is
investing
in
equity
interests
in
real
estate
through
direct
equity
investments
and
partnerships,
and
financing
real
estate
and
real
estate
related
activities
through
investments
in
mortgage
loans.
IORI's
real
estate
is
located
in
the
Pacific,
Southeast
and
Southwest
regions
of
the
continental
United
States. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | IOT
is
a
real
estate
investment
trust
that
invests
in
equity
interests
in
real
estate
through
acquisitions,
leases
and
partnerships,
and
in
mortgage
loans
on
real
estate,
including
first
and
junior
mortgage
loans.
For
the
six
months
ended
6/30/01,
revenues
fell
16%
to
$6.5
million.
Net
loss
totalled
$1.4
million
vs.
an
income
of
$15
million.
Results
reflect
the
sale
of
six
properties
in
2000
and
the
absence
of
a
$17
million
gain
on
the
sale
of
real
estate. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Ted Stokely, 67 | Chairman | Karl Blaha, 53 | Pres | Mark Branigan, 46 | Exec.
VP, CFO, Director | Bruce Endendyk, 52 | Exec.
VP - Acquisitions and Sales | David Starowicz, 45 | Exec.
VP - Commercial Asset Management |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|