| Business Summary | | Heartland
Partners,
L.P.
(Heartland)
owns,
purchases,
develops,
leases,
markets,
constructs
and
sells
real
estate
properties.
Heartland
has
a
1.23-acre
site
in
Chicago,
Illinois,
known
as
Kinzie
Station
Phase
I,
under
development.
Phase
I
consists
of
163
units
in
a
Tower,
24
units
in
a
Plaza
Building
and
five
Townhomes.
Kinzie
Station
Phase
II
is
a
2.65-acre
site
adjacent
to
Phase
I
on
which
the
Company
intends
to
construct
242
units
in
a
Tower
and
eight
Townhomes.
The
Company
is
also
selling
and
building
single-family
homes
in
the
Longleaf
Country
Club
in
Southern
Pines,
North
Carolina.
Heartland
also
owns
homes
and
lots
in
Osprey
Cove
located
in
St.
Mary's,
Georgia,
as
well
as
undeveloped
acreage
in
the
Bloomfield
community
in
Rosemount,
Minnesota.
These
sites,
except
Bloomfield,
are
classified
as
housing
inventories. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Heartland
Partners,
LP
was
organized
by
Chicago
Milwaukee
Corp.
to
engage
in
the
ownership,
management,
development,
leasing,
marketing,
construction
and
sale
of
real
estate
properties.
For
the
three
months
ended
3/31/01,
net
sales
totaled
$3.2
million,
up
from
$56
thousand.
Net
income
applicable
to
Class
A
Limited
Partners
totaled
$2.2
million,
up
from
$0.
Results
reflect
the
proceeds
from
the
closing
of
16
tower
and
plaza
units
and
113
acres
of
land. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
after
tax
earnings
were
3,232. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Ezra Zilkha, 75 Chairman | -- | Edwin Jacobson, 70 Pres
and CEO of the Company of HTI | $278K | Richard Brandstatter, 44 VP
of Fin., Treasurer and Sec. | 92K | Lawrence Adelson, 50 VP,
Gen. Counsel | 84K | 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
|
|