| Business Summary | | Tarragon
Realty
Investors,
Inc.
(Tarragon)
is
a
growth
oriented,
fully
integrated
real
estate
development,
acquisition,
and
management
company.
Tarragon
controls
approximately
18,000
apartment
units
(including
properties
the
Company
manages
but
has
no
ownership
interest
in)
and
two
million
square
feet
of
commercial
space
located
primarily
in
Florida,
Connecticut,
California,
Texas,
Georgia,
and
Colorado.
The
Company
has
dedicated
increasing
amounts
of
capital
and
human
resources
to
real
estate
development,
renovation,
and
condominium
conversion
activities. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | TARR
is
an
REIT
which
invests
in
and
develops
income
producing
real
estate
directly
and
through
partnerships
and
joint
ventures.
For
the
three
months
ended
3/31/01,
revenues
rose
35%
to
$27.5
million.
Net
loss
applicable
to
Common
before
extraordinary
item
and
accounting
change
decreased
17%
to
$2.3
million.
Revenues
reflect
the
inclusion
of
condomiium
unit
sales.
Net
loss
was
partially
offset
by
increased
depreciation
and
interest
expenses. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
28,875;
after
tax
earnings
were
1,642. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Carl Weisbrod, 55 Chairman | -- | Penny Barber, 35 Pres
of Tarragon Management, Inc. | -- | Robert Rothenberg COO,
Director | -- | John Stricklin, 53 Managing
Director - Real Estate Transactions | $145K | William Friedman, 56 Pres,
CEO | 300K | 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
|
|