| Business Summary | | Chelsea
Property
Group,
Inc.
is
a
self-administered
and
self-managed
real
estate
investment
trust.
The
Company
is
the
managing
general
partner
of
CPG
Partners,
L.P.,
a
partnership
that
specializes
in
owning,
developing,
redeveloping,
leasing,
marketing
and
managing
upscale
and
fashion-oriented
manufacturers'
outlet
centers.
These
outlet
centers
are
manufacturer-operated
retail
stores
that
sell
primarily
first-quality,
branded
goods
at
significant
discounts
from
regular
department
and
specialty
store
prices.
As
of
December
31,
2000,
the
Company
wholly
or
partially
owned
27
centers
in
15
states
and
Japan.
The
Company's
existing
portfolio
includes
properties
in
or
near
New
York
City,
Los
Angeles,
Boston,
Washington,
D.C.,
San
Francisco,
Sacramento,
Cleveland,
Atlanta,
Dallas,
Portland
(Oregon),
Tokyo
and
Osaka,
Japan,
or
at
or
near
tourist
destinations
including
Palm
Springs,
the
Napa
Valley,
Orlando,
and
Honolulu. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CPG
is
a
self-administered
and
self-managed
REIT
engaged
in
the
development,
ownership,
acquisition
and
operation
of
manufacturers
outlet
centers.
As
of
12/31/00
the
Company
owned
27
centers
in
15
states
and
Japan.
For
the
six
months
ended
6/01,
revenues
rose
12%
to
$91.1
million.
Net
income
applicable
to
Common
rose
9%
to
$18
million.
Results
reflect
new
center
openings
and
higher
average
rents,
partially
offset
by
lower
operating
margins
and
higher
debt
levels. | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| David Bloom, 43 Chairman
and CEO | $547K | $27.3K | Leslie Chao, 43 Pres | 424K | 3.2K | William Bloom, 37 Vice
Chairman | 340K | 27.3K | Michael Clarke, 46 CFO | -- | -- | Thomas Davis, 44 COO | 383K | -- | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|