| Business Summary | | Captec
Net
Lease
Realty,
Inc.,
an
equity
REIT,
acquires,
develops
and
owns
freestanding
properties
leased
principally
on
a
long-term
triple-net
basis
to
national
and
regional
chain
and
franchised
restaurants
and
national
retailers.
The
Company's
leases
typically
provide
for
minimum
rent
plus
specified
fixed
periodic
rent
increases.
Other
revenues
are
derived
primarily
from
interest
income
on
loans
to
affiliates
and
fee
income
earned
from
affiliated
ventures.
As
of
December
31,
2000,
the
Company
had
a
portfolio
of
138
properties
located
in
27
states,
with
a
cost
basis
of
$210
million.
The
properties
were
leased
to
52
operators
of
35
distinct
national
and
regional
restaurant
concepts,
and
11
operators
of
14
national
and
regional
retail
concepts.
The
properties
ranged
from
one
year
to
80
years
of
age,
averaging
6.3
years
of
age,
and
were
subject
to
leases
with
remaining
terms,
excluding
renewals,
ranging
from
3.6
to
20.8
years
and
averaging
approximately
13.4
years. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CRRR,
an
equity
REIT,
acquires,
develops
and
owns
freestanding
properties
leased
primarily
on
a
long-term
triple-net
basis
to
national
and
regional
restaurant
and
retail
franchises.
For
the
six
months
ended
6/30/01,
revenues
fell
14%
to
$12.7
million.
Net
income
fell
29%
to
$6.1
million.
Revenues
reflect
the
reduction
of
property
portfolio
as
a
result
of
property
sales.
Net
income
reflects
a
decrease
in
a
gain
on
sale
of
property. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Patrick Beach, 44 Chairman
of Directors, Pres, CEO | $219K | W. Ross Martin, 39 Exec.
VP, CFO, Treasurer | 156K | H. Reid Sherard, 52 Sr.
VP -- Sales and Marketing | -- | Ronald Max, 42 VP
and CIO | 161K | 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
|
|