| Business Summary | | Koger
Equity,
Inc.
(KE)
is
a
self-administered
and
self-managed
equity
real
estate
investment
trust
that
develops,
owns,
operates
and
manages
suburban
office
buildings
(Office
Buildings)
primarily
located
in
20
office
centers
located
in
13
metropolitan
areas
throughout
the
southeastern
and
southwestern
United
States.
As
of
December
31,
2000,
KE
owned
194
Office
Buildings,
of
which
190
were
in
Koger
Centers
and
four
were
outside
Koger
Centers,
but
in
metropolitan
areas
where
Koger
Centers
were
located.
Koger-Vanguard
Partners,
L.P.
(KVP),
a
limited
partnership
for
which
KE
is
the
general
partner,
owns
Office
Buildings
located
in
a
Koger
Center.
As
of
December
31,
2000,
KVP
owned
13
Office
Buildings.
The
Office
Buildings
contained
approximately
9.5
million
multi-tenant
usable
square
feet
and
were
on
average
90%-leased
as
of
December
31,
2000. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Koger
Equity,
Inc.,
a
self-administered
and
self-managed
equity
REIT,
develops,
owns,
operates
and
manages
suburban
office
centers
in
the
southeastern
and
southwestern
U.S.
For
the
six
months
ended
6/30/01,
revenues
rose
2%
to
$86.2
million.
Net
income
rose
55%
to
$17.3
million.
Revenues
benefited
from
increased
management
fees
due
to
the
merger
of
KRSI
into
a
wholly
owned
taxable
sudsidiary.
Net
income
reflects
the
absence
of
non-recurring
reorganizational
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Victor Hughes, Jr., 65 Chairman | $1.9M | $23K | Thomas Crocker, 47 CEO,
Director | 463K | -- | Robert Onisko, 53 CFO | 301K | -- | Christopher Becker, 44 Sr.
VP | 138K | -- | Thomas Brockwell, 37 Sr.
VP | -- | -- | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|