| Business Summary | | Prime
Group
Realty
Trust
is
a
fully
integrated
real
estate
investment
trust,
providing
property
management,
leasing,
marketing,
acquisition,
development,
redevelopment,
construction,
finance
and
other
related
services.
As
of
December
31,
2000,
the
Company
owned
25
office
properties
and
31
industrial
properties.
The
Company's
properties
are
located
primarily
in
the
Chicago
metropolitan
area.
In
addition,
the
Company
owns
a
50%
common
interest
in
a
joint
venture
that
owns
an
office
property
located
at
77
West
Wacker
Drive,
Chicago,
Illinois;
and
a
23.1%
common
interest
in
a
venture
that
owns
an
office
property
located
in
Phoenix,
Arizona. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Prime
Group
Realty
Trust
is
engaged
in
the
leasing,
management,
acquisition,
development,
marketing,
financing
and
construction
of
commercial
office
and
industrial
properties.
For
the
six
months
ended
6/30/01,
revenues
increased
2%
to
$112.6
million.
Net
income
appl.
to
Comm.
before
extraordinary
item
and
acct.
change
decreased
95%
to
$149
thousand.
Revenues
benefitted
from
higher
services
company
income.
Net
income
was
offset
by
a
$1.5
million
charge
for
asset
impairment. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Michael Reschke, 44 Chairman | $453K | Richard Curto, 48 Pres,
CEO | 605K | Stephen Nardi, 70 Vice
Chairman | -- | Louis Conforti, 35 Exec.
VP, Acting CFO | 379K | Jeffrey Patterson, 40 CIO
and Exec. VP | 398K | 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
|
|