| Business Summary | | Merry
Land
Properties,
Inc.
owns
interests
in
12
apartment
communities,
containing
2,627
units
in
Georgia,
South
Carolina
and
Florida,
and
has
two
more
communities
of
its
own
under
construction.
The
Company
also
builds,
manages
and
provides
development
services
for
apartment
communities
for
other
owners.
The
Company's
objective
is
to
build
shareholder
value
through
buying,
developing,
renovating
and
managing
apartment
properties
for
itself
and
for
others.
In
addition,
the
Company
owns
over
4,000
acres
of
clay
lands,
which
produce
substantial
mineral
royalty
and
timber
income,
and
engages
in
other
commercial
real
estate
activities. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MRYP
is
a
real
estate
company
which
seeks
to
build
shareholder
value
through
the
investment,
development,
rehabilitation
and
management
of
apartments
and
other
real
estate
properties.
For
the
six
months
ended
6/30/01,
revenues
rose
7%
to
$10.8
million.
Net
income
from
continuing
operations
applicable
to
Common
fell
80%
to
$27
thousand.
Revenues
reflect
a
$502
thousand
gain
on
the
sale
of
a
condominium.
Earnings
were
offset
by
higher
employee
and
insurance
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| W. Houston, 50 Chairman
and CEO | $208K | Michael Thompson, 52 Pres,
COO, | 208K | Dorrie Green, 42 CFO,
VP, Sec., Treasurer | 184K | 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
|
|