| Business Summary | | LNR
Property
Corporation
is
a
real
estate
investment,
finance
and
management
company,
which
structures
and
makes
real
estate
and
real
estate-related
investments
and,
through
its
expertise
in
developing
and
managing
properties
and
working
out
underperforming
and
non-performing
commercial
loans,
seeks
to
enhance
the
value
of
those
investments.
The
Company's
real
estate
investment
activities
primarily
consist
of
acquiring,
developing,
managing
and
repositioning
commercial
and
multi-family
residential
real
estate
properties;
investing
in
high-yielding
real
estate
loans
and
purchasing
at
a
discount
portfolios
of
loans,
backed
by
real
estate,
and
investing
in
unrated
and
non-investment
grade
rated
commercial
mortgage-backed
securities.
The
Company
and
its
predecessors
have
been
engaged
in
the
development,
ownership
and
management
of
commercial
and
multi-family
residential
properties
since
1969. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | LNR
Property
Corp.
is
a
real
estate
investment
and
management
company
engaged
in
the
development,
ownership
and
management
of
commercial
and
multi-family
real
estate
properties.
For
the
six
months
ended
5/31/01,
total
revenues
increased
9%
to
$241.3
million.
Net
income
rose
17%
to
$64.3
million.
Results
reflect
a
growing
portfolio
of
high-yielding
loans,
increased
gains
on
the
sale
of
real
estate
and
reduced
depreciation
and
rental
operations
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Stuart Miller, 43 Chairman | $4.9M | Steven Saiontz, 42 CEO,
Director | 5.5M | Jeffrey Krasnoff, 45 Pres,
Director | 5.1M | Shelly Rubin, 38 VP
and CFO | -- | Robert Cherry, 38 VP | -- | Dollar
amounts are as of 30-Nov-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
|
|