| | Business Summary | | Cornerstone
Realty
Income
Trust,
Inc.
is
a
self-administered
and
self-managed
equity
REIT
(real
estate
investment
trust)
that
acquires
and
operates
existing
residential
apartment
communities
located
in
the
southern
United
States.
The
Company
owns
72
apartment
communities,
which
comprise
a
total
of
18,076
apartment
units.
The
Company's
apartment
communities
are
located
in
Georgia,
North
Carolina,
South
Carolina,
Texas
and
Virginia.
The
Company
is
a
fully
integrated
real
estate
organization
with
expertise
in
the
management,
acquisition
and
renovation
of
apartment
communities.
The
Company
focuses
on
the
operations
of
its
properties
to
generate
consistent,
sustained
growth
in
net
operating
income.
The
Company
has
seven
regional
property
management
offices,
which
are
located
in
Atlanta,
Georgia;
Raleigh
and
Charlotte,
North
Carolina;
Charleston,
South
Carolina;
Dallas
and
Fort
Worth,
Texas,
and
Virginia
Beach,
Virginia. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | TCR,
a
self-administered
and
self-managed
equity
REIT,
engages
in
the
management,
acquisition
and
renovation
of
apartment
communities.
For
the
six
months
ended
6/30/01,
revenues
remained
flat
at
$71.7
million.
Net
loss
applicable
to
Common
totaled
$22.3
million
vs.
an
income
of
$26.6
million.
Revenues
reflect
a
decrease
in
rental
income
due
to
the
sale
of
apartment
communities.
Net
loss
also
reflects
the
absence
of
a
$23.4
million
gain
on
the
sale
of
properties. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Glade Knight, 57
Chairman,
CEO, Pres | $210K | Stanley Olander, Jr., 46
CFO,
Exec. VP, Sec., Director | 120K | Debra Jones, 46
COO,
Exec. VP | 120K | | 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
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/t/tcr.gif)