| Business Summary | | ElderTrust
is
a
self-managed
and
self-administered
real
estate
investment
trust
that
invests
principally
in
senior
housing
and
other
healthcare
facilities,
primarily
skilled
nursing
facilities,
assisted
and
independent
living
facilities
(or
senior
living
centers)
and
medical
office
and
other
buildings.
ElderTrust
is
the
sole
general
partner
of
ElderTrust
Operating
Limited
Partnership
(Operating
Partnership)
and
conducts
all
of
its
operations
through
the
Operating
Partnership.
The
Company
currently
owns
a
diversified
portfolio
of
22
healthcare
properties,
consisting
of
seven
assisted
living
facilities,
eight
skilled
nursing
facilities,
one
independent
living
facility
and
six
medical
office
and
other
buildings. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ElderTrust
is
a
self-administered,
self-managed,
real
estate
investment
trust
(REIT)
providing
real
estate
financing
services
to
the
healthcare
and
senior
housing
industries.
ETT
invests
in
living
facilities,
skillied
nursing
facilities
and
medical
office
buildings.
For
the
six
months
ended
6/01,
revenues
fell
5%
to
$12.8
million.
Net
loss
fell
98%
to
$612
thousand.
Results
reflect
lower
interest
income,
offset
by
the
absence
of
$20.3
million
in
bad
debt
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Michael Walker, 51 Chairman
and Trustee | -- | D. Lee McCreary, Jr, 42 Pres,
CEO, Chief Financial Officer, Sec., Treasurer, Trustee | $221K | John Foos, 50 Trustee | -- | Rodman Moorhead, III, 56 Trustee | -- | John Haas, 51 VP
and COO | -- | 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
|
|