| Business Summary | | Charles
E.
Smith
Residential
Realty,
Inc.
is
a
self-administered
and
self-managed
equity
real
estate
investment
trust
that
is
engaged
primarily
in
the
acquisition,
development,
management
and
operation
of
multifamily
properties.
The
Company,
together
with
its
subsidiaries,
is
a
fully
integrated
real
estate
organization
with
in-house
acquisition,
development,
financing,
marketing,
leasing,
and
property
management
expertise.
As
of
March
1,
2001,
the
Company,
through
Charles
E.
Smith
Residential
Realty
L.P.,
the
Operating
Partnership
and
its
subsidiaries,
owned
59
operating
multifamily
properties
containing
27,186
apartment
units;
had
480
units
under
construction
at
one
owned
site;
had
226
units
under
construction
at
one
site
for
which
the
Company
owned
substantially
all
of
the
economic
interest;
and
had
an
agreement
to
purchase
383
units
at
one
additional
site. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Charles
E.
Smith
Realty
is
a
real
estate
investment
trust
engaged
in
the
acquisition,
development,
management
and
operation
of
multi-family
properties
in
Washington,
D.C.,
Chicago,
Boston
and
Southeast
Florida.
For
the
six
months
ended
6/30/01,
revenues
rose
18%
to
$215.7
million.
Net
income
applicable
to
Common
rose
8%
to
$28.6
million.
Results
benefitted
from
the
positive
apartment
market
conditions,
partially
offset
by
the
lower
operating
margins. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Robert Smith, 72 Chairman | $571K | -- | Ernest Gerardi, Jr., 65 Pres,
CEO, Director | 1.6M | -- | Wesley Minami, 44 CFO,
Chief Operating Officer, Exec. VP | 738K | $72K | Alfred Neely, 55 Pres-
Devel. Division | 805K | -- | John Guinee, 45 Exec.
VP, CIO | 765K | -- | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|