| Business Summary | | Great
Lakes
REIT,
Inc.
is
a
fully
integrated,
self-administered
and
self-managed
real
estate
company.
As
of
December
31,
1999,
the
Company
owned
and
operated
36
properties
(the
Properties)
in
the
Chicago,
Milwaukee,
Minneapolis,
Detroit,
Columbus,
Denver
and
Cincinnati
areas.
The
Properties
consist
primarily
of
Class
A
and
Class
B
suburban
office
properties,
which
range
in
size
from
approximately
36,000
to
375,000
rentable
square
feet.
The
properties
consist
of
29
suburban
office
properties,
two
central
business
district
office
buildings
and
five
office/service
centers
(generally
single-story
buildings
with
both
finished
office
and
unfinished
storage
area).
Many
of
the
Properties
offer
amenities,
including
indoor
and
outdoor
parking,
loading
dock
facilities,
on-site
property
management,
in-house
conference
facilities
and
providers
of
food
and
beverage
service. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | GL
is
a
fully
integrated,
self
administered
and
self
managed
real
estate
company.
GL
owns,
manages,
leases,
renovates
and
acquires
suburban
office
and
industrial
properties
in
the
Midwest.
For
the
six
months
ended
6/30/01,
revenues
rose
3%
to
$50.9
million.
Net
income
applicable
to
Common
fell
21%
to
$9.9
million.
Revenues
reflect
increased
rates
for
lease
spaces
that
were
renewed
or
re-leased.
Earnings
were
offset
by
the
absence
of
the
gain
from
property
sales. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Richard May, 56 Chairman,
CEO | $1.0M | $22K | Patrick Hunt, 47 Pres,
COO, | 872K | 16K | James Hicks, 45 CFO,
Treasurer | 566K | -- | Richard Rasley, 44 Co-Gen.
Counsel, Exec. VP, Sec., | 497K | 14K | Kim Mills, 52 Sr.
VP of Leasing | -- | -- | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|