| Business Summary | | United
Dominion
Realty
Trust,
Inc.
is
a
real
estate
investment
trust
with
activities
related
to
the
ownership,
development,
acquisition,
renovation,
management,
marketing
and
strategic
disposition
of
multi-family
apartment
communities
nationwide.
At
December
31,
2000,
United
Dominion
owned
277
communities
with
77,219
completed
apartment
homes,
and
had
two
communities
and
three
additional
phases
to
existing
communities
with
1,238
apartment
homes
under
development.
The
Company
focuses
on
the
broad
middle-market
segment
of
the
apartment
market,
which
generally
consists
of
renters-by-necessity.
This
group
includes
young
professionals,
blue-collar
families,
single-parent
households,
older
singles,
non-related
parties
and
families
renting
while
waiting
to
purchase
a
home. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | United
Dominion
Realty
Trust
is
a
self-administered
real
estate
investment
trust.
UDR
is
primarily
engaged
in
the
ownership
of
apartment
communities.
For
the
six
months
ended
6/30/01,
revenues
fell
2%
to
$305.5
million.
Net
income
before
extraordinary
item
and
applicable
to
Common
rose
16%
to
$17.4
million.
Revenues
reflect
a
decrease
in
rental
income.
Higher
income
reflects
an
increase
in
gains
on
sales
of
depreciable
property. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Robert Larson, 66 Chairman | -- | Thomas Toomey, 41 Pres,
CEO, Director | -- | Christopher Genry CFO | -- | A. William Hamill, 53 Exec.
VP | $1.7M | Kevin Walsh, 46 Sr.
VP of Fin. | -- | 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
|
|