Business Information
The group's principal activity is the acquisition of credit lease properties throughout the United States. Credit lease properties are general-purpose retail, office and industrial properties, each of which are 100% leased to one or more creditworthy tenants under a long-term lease that generally requires tenants to pay most or all of the operating costs of the property, including real estate taxes and insurance. As of December 31, 2004, the company had 29 leases with credit tenants in 22 properties encompassing 1,071,266 rentable square feet. The properties are 75% leased to retail tenants, 13% to office tenants and the remaining 12% to industrial or warehouse tenants. During 2004, it purchased two retail properties, including unconsolidated investments, totaling approximately 93,000 rent able square feet for $8,300,000.
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| Robert Ambrosi | Chmn., CEO, Pres. | N/A | | Bruse Nelson | CFO | N/A | | Claudia Graff | VP - Capital Markets | N/A | | Gil Rivera | VP - Development | N/A | | Joseph Morena | Exec. VP - Site Acquisitions | N/A |
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