| Business Summary | | Banyan
Strategic
Realty
Trust
is
a
self-administered
infinite
life
real
estate
investment
trust,
organized
as
a
business
trust,
that
owns
and
operates
primarily
office
and
flex/industrial
properties.
The
Company
operates
principally
through
BSRT
UPREIT
Limited
Partnership,
the
operating
partnership,
and
its
subsidiaries.
BSRT
UPREIT
Corp.,
a
wholly
owned
subsidiary,
is
the
general
partner
of
the
operating
partnership.
As
of
December
31,
2000,
the
Company
owns
individually,
or
in
some
cases
through
joint
ventures,
27
properties
comprised
of
14
office
properties
totaling
1.5
million
rentable
square
feet;
12
flex/industrial
properties
totaling
1.7
million
rentable
square
feet;
and
one
retail
property
totaling
321,600
rentable
square
feet.
The
properties
are
located
in
the
Midwestern
and
Southeastern
United
States,
primarily
suburban
Chicago
and
suburban
Atlanta.
On
January
8,
2001,
the
Trust
entered
into
a
Purchase
and
Sale
Agreement
to
sell
all
of
its
real
estate
assets. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | BSRTS,
a
REIT
that
acquired,
owned
and
operated
office
and
flex
industrial
properties,
owned
27
properties
as
of
12/00.
In
1/01,
BSRTS
entered
into
an
agreement
to
sell
its
real
estate
assets.
For
the
fiscal
year
ended
12/31/00,
totalrevenues
decreased
9%
to
$37.8
million.
Net
income
before
extraordinary
item
applicable
to
Common
decreased
76%
to
$2
million.
Results
reflect
a
decrease
in
the
number
of
properties
owned
and
a
$1.9
million
charge
related
to
employee
severance. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Larry Schafran, 61 Interim
Pres and CEO, Trustee | -- | Walter Auch, Sr., 78 Trustee | -- | Daniel Levinson, 42 Trustee | -- | Stephen Peck, 65 Trustee | -- | Joel Teglia, 38 VP
and CFO | $173K | 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
|
|