| Business Summary | | Town
&
Country
Trust
is
a
self-administered
and
self-managed
real
estate
investment
trust
that
currently
owns
and
operates
42
multifamily
properties
(the
Properties),
comprising
15,237
apartment
units
located
in
Maryland,
Pennsylvania,
Virginia,
Delaware,
North
Carolina
and
Florida.
Each
of
the
Properties
is
owned
by
a
separate
general
partnership
(each
a
Property
Partnership).
The
Company
and
The
TC
Operating
Partnership
together
indirectly
own
100%
of
each
Property
Partnership.
The
Company,
through
wholly
owned
subsidiaries,
has
full
and
complete
control
over
the
management
of
each
of
the
Properties.
In
fiscal
2000,
the
Company
acquired
one
multifamily
property,
comprising
448
apartment
units. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | TCT
is
a
self-administered
and
self-managed
REIT
which
owns,
manages
and
acquires
multifamily
properties.
TCT
currently
owns
39
multifamily
properties
consisting
of
14,771
apartment
units
in
MD,
PA,
VA,
DE,
NC
and
FL.
For
the
six
months
ended
6/30/01,
revenues
rose
7%
to
$64.2
million.
Net
income
fell
64%
to
$5.2
million.
Revenues
reflect
higher
rental
rates
and
the
addition
of
new
properties.
Net
income
was
offset
by
the
absence
of
a
$9.5
million
investment
gain. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Alfred Lerner, 67 Chairman
of the Trust | $200K | Harvey Schulweis, 60 Pres,
CEO, Trustee | 1.3M | James Dolphin, 51 CFO,
Sr. VP | -- | James Berick, 67 Trustee | -- | H. Grant Hathaway, 73 Trustee | -- | 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.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|