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Home > Company Index > Real Estate > REIT - Diversified & Misc. > Correctional Properties Trust
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Correctional Properties Trust |
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PROFILE |
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Correctional Properties Trust, a real estate investment trust (REIT), was formed to buy correctional and detention facilities. The REIT owns about 10 correctional facilities purchased from and leased back to Wackenhut Corrections. Four of these facilities are located in California; the remainder are scattered across the US. The REIT's properties, which include work release centers, juvenile and adult correctional facilities, and INS facilities, have a total capacity of more than 6,100 beds. Under an agreement with Wackenhut Corrections, Correctional Properties Trust has the option to buy additional correctional and detention facilities from Wackenhut when the facilities reach 75% of capacity.
COMPETITION |
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Children's Comprehensive Services, Inc. (KIDS)
Cornell Companies, Inc. (CRN)
Corrections Corporation of America (CXW)
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STOCK ANALYSIS |
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FURTHER ANALYSIS
Advanced Charting
Deals
FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 22.70
1-Yr. Sales Growth: 11.8%
KEY PEOPLE |
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Charles R. Jones
CEO
David J. Obernesser
CFO
CONTACT INFO |
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3300 PGA Blvd.
Palm Beach Gardens, FL 33410
US
Phone: 561-630-6336
Fax: 561-630-6311
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