| Business Summary | | The
InterGroup
Corporation
is
engaged
in
the
ownership
and
management
of
multifamily
residential
properties.
These
properties
include
12
apartment
complexes
located
throughout
the
United
States.
The
Company
also
has
investments
in
unimproved
real
property
that
is
held
for
sale
or
development.
A
portion
of
the
Company's
assets
are
invested
in
securities
and
partnerships.
The
Company
also
has
a
controlling
interest
in
Santa
Fe
Financial
Corporation,
which
derives
its
revenue
primarily
through
an
indirect
interest
in
a
566-room
Holiday
Inn
in
San
Francisco,
California.
In
addition,
Santa
Fe's
operations
include
a
marketable
securities
portfolio
and
an
interest
in
an
apartment
complex.
During
the
past
three
years,
the
Company's
principal
sources
of
revenue
have
been,
and
continue
to
be,
derived
from
the
operations
of
its
multi-family
residential
properties,
from
the
sales
and
disposition
of
its
real
property
assets
and
from
the
investment
of
its
cash
and
securities
assets. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Intergroup
buys,
develops,
operates,
rehabilitates
and
disposes
of
real
property
of
various
types.
Rental
income
for
the
nine
months
ended
3/31/01
increased
8%
to
$9.6
million.
Net
loss
totaled
$4.7
million
vs.
an
income
of
$18.2
million.
Revenues
reflect
an
increase
in
rental
income.
Net
income
reflects
the
absence
of
a
$7.6
million
gain
on
the
sale
of
real
estate
and
the
inclusion
of
a
$5.6
million
net
investment
loss
vs.
a
$24.1
million
gain. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| John Winfield, 53 Chairman,
Pres and CEO | $590K | Gregory McPherson, 41 Exec.
VP, and Assistant Treasurer | 183K | Michael Zybala, 48 VP
Operations and Assistant Sec. | 147K | William Nance, 56 Treasurer | -- | Gary Jacobs, 56 Sec. | -- | Dollar
amounts are as of 30-June-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
|
|