| Business Summary | | National
Golf
Properties,
Inc.,
a
Real
Estate
Investment
Trust,
is
the
sole
general
partner
in
National
Golf
Operating
Partnership,
L.P.,
which
has
100%
general
partner
interest
in
Royal
Golf,
L.P.
II.
Royal
Golf
owns
four
golf
courses
on
Hilton
Head
Island,
South
Carolina.
The
Company
also
has
a
50%
general
partnership
interest
in
Pumpkin
Ridge
Joint
Venture,
which
owns
two
golf
courses
in
Cornelius,
Oregon.
In
addition,
the
Company
owns
fee
interests
in
15
golf
courses,
long-term
leasehold
interests
in
two
golf
courses
and
leasehold
rights
in
three
golf
courses
and
made
a
mortgage
loan
collateralized
by
an
additional
golf
course,
El
Camino
Country
Club.
As
of
March
6,
2001,
the
Company's
portfolio
of
146
golf
courses
consisted
of
one
participating
mortgage
loan,
which
is
collateralized
by
a
mortgage
on
the
golf
course,
and
ownership
interests
in
145
golf
courses,
including
the
two
golf
courses
owned
by
Pumpkin
Ridge,
in
133
separate
locations
in
23
states. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | National
Golf
Properties
is
a
self-administered
REIT
specializing
in
the
acquisition
and
ownership
of
golf
course
properties.
As
of
3/01,
the
Company's
portfolio
consisted
of
the
ownership
146
golf
courses
in
23
states.
For
the
six
months
ended
6/30/01,
total
revenues
rose
6%
to
$58.8
million.
Net
income
rose
74%
to
$8.4
million.
Results
reflect
increased
rental
income
due
to
golf
course
acquisitions
and
a
decrease
in
depreciation
and
interest
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| David Price, 68 Chairman | -- | James Stanich, 42 Pres,
Director | $584K | Neil Miller, 37 CFO | 401K | Paul Major, 37 Exec.
VP | 339K | Scott Thompson, 44 Gen.
Counsel, CLO, VP and Sec. | 379K | 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
|
|