| Business Summary | | National
Health
Realty,
Inc.
is
a
real
estate
investment
trust.
Through
its
subsidiary,
NHR/OP,
L.P.,
the
Company
owns
the
real
estate
of
26
healthcare
facilities,
including
19
licensed
skilled
nursing
facilities,
six
assisted
living
facilities
and
one
independent
living
center,
and
owns
45
first
and
second
mortgage
promissory
notes
with
principal
balances
totaling
$84,132,000,
as
of
December
31,
2000
and
secured
by
the
real
property
of
healthcare
facilities.
The
Company's
investment
objectives
are
to
provide
current
income
for
distribution
to
stockholders;
to
provide
the
opportunity
for
additional
returns
to
investors
by
participating
in
any
increase
in
the
operating
revenues
of
its
leased
properties;
to
provide
the
opportunity
to
realize
capital
growth
resulting
from
appreciation,
if
any,
in
the
value
of
its
portfolio
properties,
and
to
preserve
and
protect
stockholder's
capital. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | NHR,
a
realty
investment
trust,
acquired
ownership
of
the
real
estate
of
16
licensed
skilled
nursing
facilities,
six
assisted
living
facilities
and
one
independent
living
center
plus
51
first
and
second
mortgage
secured
promissory
notes.
For
the
six
months
ended
6/30/01,
revenues
rose
less
than
1%
to
$12.4
million.
Net
income
increased
2%
to
$4
million.
Results
reflect
he
recognition
of
percentage
rents
and
lower
general
and
administrative
expenses. | More
from
Market Guide: Significant
Developments |
| | |
| Position | W. Andrew Adams, 55 | Pres,
CEO, Director | Robert Adams, 54 | Sr.
VP | Richard LaRoche, Jr., 55 | Sr.
VP and Sec. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|