| Business Summary | | TIS
Mortgage
Investment
Company,
a
self-managed
real
estate
investment
trust,
is
an
owner
and
operator
of
multi-family
residential
properties
in
the
Central
Valley
of
California
and
family
shopping
centers
in
the
North
Bay
area
of
San
Francisco.
The
Company
operates
as
a
real
estate
investment
trust,
investing
in
multifamily
real
estate,
family
shopping
centers
and
development
projects. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | TISM,
a
REIT,
through
its
subsidiaries
invests
in
multifamily
RE
properties
and
properties
for
development.
The
Co.
is
disposing
of
its
structured
securities
portfolio.
For
the
fiscal
year
ended
12/31/99,
revenues
fell
36%
to
$4.4
million.
Net
loss
fell
5%m
to
$3.9
million.
Revenues
reflect
the
sale
of
River
Oaks
and
a
decline
in
Central
Valley
properties'
occupancy.
Lower
loss
reflects
the
absence
of
the
interest
and
related
expenses
for
CMO. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Douglas Fletcher, 75 Chairman | -- | Lorraine Legg, 61 Pres
and CEO | $95K | John Castello, 56 CFO,
Exec. VP, Treasurer | 80K | 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
|
|