| Business Summary | | Golf
Trust
of
America,
Inc.
is
a
real
estate
investment
trust
formed
to
capitalize
upon
consolidation
opportunities
in
the
ownership
of
upscale
golf
courses
in
the
United
States.
As
of
March
9,
2001,
the
Company
holds
participating
interests
in
40
golf
courses
and
direct
controlling
interests
in
four
golf
courses.
The
Company's
golf
courses
include
Pete
Dye
Golf
Club;
Royal
New
Kent;
Legends
of
Stonehouse;
Emerald
Dunes
Golf
Course;
Westin
Innisbrook
Resort,
Copperhead
Course;
Eagle
Ridge
Inn
and
Resort,
The
General
Course;
Legends
Golf
Resort,
Parkland
Course;
Heritage
Golf
Club;
Oyster
Bay;
Sandpiper
Golf
Course;
Cooks
Creek
Golf
Club;
and
Country
Club
at
Woodcreek
Farms. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Golf
Trust
of
America,
Inc.
is
a
self-administered
real
estate
investment
trust
formed
to
capitalize
upon
consolidation
opportunities
in
the
ownership
of
golf
courses
in
the
United
States.
For
the
six
months
ended
6/30/01,
revenues
fell
19%
to
$23.4
million.
Net
loss
before
accounting
change
applicable
to
Common
fell
76%
to
$1.1
million.
Results
reflect
lost
rental
due
to
the
default
of
some
leases,
and
$7.9
million
costs
related
to
the
plan
of
liquidation. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| W. Bradley Blair, II, 56 Chairman,
Pres, CEO | $1.2M | Scott Peters, 42 Sr.
VP, CFO, Sec., Director | 653K | 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
|
|