L.A. trusts offer broad range of properties and values.THE Los Angeles area is home to a group of real estate investment trusts. The companies, which range in market cap from just over $200 million to nearly $10 billion, specialize in a broad range of properties -from health care institutions to trophy office buildings to storage facilities. One operates as a REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). but originates mortgages. Aames Investment Corp. (AIC AIC Association des Infermières Canadiennes. ) Founded: 2004 Headquarters: Los Angeles Top Executive: A. Jay Meyerson, chairman and chief executive Market Cap/Dividend Yield: $422.1 million/19.9% Portfolio Value: $4.25 billion in loans 2004 Revenue/Earnings: $119.1 million/($7.0) million Key Markets: United States Marquee Properties: N/A Investment Strategy: Originates and manages a portfolio of subprime mortgage loans that are generated principally through direct mailings, telemarketing and Internet-generated leads Alexandria Real Estate Equities Inc. (ARE) Founded: 1994 Headquarters: Pasadena Top Executive: Joel S. Marcus, chief executive Market Cap/Dividend Yield: $1.91 billion/3.3% Portfolio Value: $2.18 billion 2004 Revenue/Earnings: $183.3 million/$45.7 million Key Markets: California, Seattle, Suburban Washington D.C., Eastern Massachusetts, New Jersey, Suburban Philadelphia and the Southeast Marquee Properties: University of Washington's Molecular Diagnostics laboratory building, Council for Entrepreneurial Development's Entrepreneurship Center, Alexandria Technology Center Investment Strategy: Clustered assets in key life science hub markets, focusing on properties containing office/laboratory space Arden Realty Group Inc. * (ARI ARI Acute respiratory infection, see there ) Founded: 1996 Headquarters: Los Angeles Top Executive: Richard S. Ziman, chairman and chief executive Market Cap/Dividend Yield: $3.02 billion/4.5 percent Portfolio Value: $3.31 billion 2004 Revenue/Earnings: $409.2 million/$73.8 million Key Markets: Southern California Marquee Properties: Howard Hughes Center, Westwood Center, World Savings Center Investment Strategy: Owns, manages, leases, develops, renovates and acquires commercial properties located in Southern California, largely in desirable locations * Arden was sold to General Electric Co. in December but the deal has not yet closed. Health Care Property Investors Inc. (HCP HCP, n healthcare provider, a professional who specializes in treating and managing a person's general or specific health needs. ) Founded: 1985 Headquarters: Long Beach Top Executive: James F. Flaherty III, chairman and chief executive Market Cap/Dividend Yield: $3.66 billion/6.24% Portfolio Value: $3.77 billion 2004 Revenue/Earnings: $428.7 million/$147.9 million Key Markets: United States Marquee Properties: Irvine Regional Hospital, Tarzana Regional Hospital, Emerald Hills assisted living as·sist·ed living n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. facility Investment Strategy: Acquires quality properties at attractive prices, which the company calls opportunistic investing, focusing on hospitals, skilled nursing facilities, assisted living/continuing care retirement communities and medical office buildings Kilroy Realty Corp. (KRC KRC - Kent Recursive Calculator. A lazy functional language developed by David Turner in 1981 based on SASL, with pattern matching and ZF expressions. ["Functional Programming and its Applications", David A. Turner, Cambridge U Press 1982]. See also continental drift. ) Founded: 1947 Headquarters: Los Angeles Top Executive: John B. Kilroy Jr., chairman and chief executive Market Cap/Dividend Yield: $1.89 billion/3.12% Portfolio Value: $1.91 billion 2004 Revenue/Earnings: $218.5 million/$30 million Key Markets: Southern California Marquee Properties: Westside Media Center, Kilroy Airport Center, Kilroy Centre Del Mar in San Diego Investment Strategy: Owns, manages, acquires and develops office and industrial assets in promising suburban submarkets in coastal Southern California, focusing on Class A properties LTC LTC abbr. lieutenant colonel Properties Inc. (LTC) Founded: 1992 Headquarters: Malibu Top Executive: Andre C. Dimitriadis, chairman and chief executive Market Cap/Dividend Yield: $522.6 million/6.4% Portfolio Value: $408.1 million 2004 Revenue/Earnings: $66.9 million/$15 million Key Markets: Texas, California, Florida Marquee Properties: N/D N/D No Data N/D Not Defined N/D Non Drinking (classified ad) Investment Strategy: Skilled nursing and assisted living properties The Macerich Co. (MAC) Founded: 1965 Headquarters: Santa Monica Top Executive: Arthur M. Coppola, president and chief executive Market Cap/Dividend Yield: $4.2 billion/3.9% Portfolio Value: $6.2 billion 2004 Revenue/Earnings: $547.3 million/$82.5 million Key Markets: Western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century , Arizona and Colorado Marquee Properties: Santa Monica Place Santa Monica Place is a three-story, 570,000 square-foot shopping mall in Santa Monica, California. The mall is located at the south end of the famous Third Street Promenade, and is also two blocks from the Santa Monica Pier and the beach. , Westside Pavilion, The Oaks in Thousand Oaks Investment Strategy: Acquiring and redeveloping regional malls into dominant properties Maguire Properties Inc. (MPG) Founded: 1965 Headquarters: Los Angeles Top Executive: Robert F. Maguire III, chairman and co-chief executive Market Cap/Dividend Yield: $1.4 billion/5.0% Portfolio Value: $3.86 billion 2004 Revenue/Earnings: $326.7 million/$15.6 million Key Markets: Southern California Marquee Properties: 777 Tower, One California Plaza One California Plaza is part of a downtown Los Angeles commercial and cultural complex which also includes the MOCA (Los Angeles Museum of Contemporary Art), the Los Angeles Omni Hotel, Two California Plaza and the Watercourt[1]. . U.S. Bank Tower This article is about the U.S. Bank Tower in Los Angeles. For the building in Sacramento, see U.S. Bank Tower (Sacramento). The U.S. Bank Tower (Library Tower, First Interstate World Center Investment Strategy: Architecturally distinctive. Class A office U.S. Bank Tower properties Public Storage Inc. (PSA (Professional Services Automation) An information system designed to organize, track and manage all opportunities, work, resources, costs, revenues and invoices to improve the productivity and efficiency of the workforce. ) Founded: 1972 Headquarters: Glendale Top Executive: B. Wayne Hughes Bradley Wayne Hughes (born September 28, 1933 in Gotebo, Oklahoma) is the billionaire founder and chairman of Public Storage, the largest self-storage company in America. Known all his life by his middle name, B. , chairman Market Cap/Dividend Yield: $9.26 billion/2.8% Portfolio Value: $5.8 billion 2004 Revenue/Earnings: $928 million/$178.1 million Key Markets: California, Texas, Florida, Illinois, Georgia Marquee Properties: Eagle Rock Investment Strategy: Clustered self-storage facilities in geographically diverse regions, minimizing risk while sharing administrative costs administrative costs, n.pl the overhead expenses incurred in the operation of a dental benefits program, excluding costs of dental services provided. across properties Ps Business Parks Inc. (PSB PSB Pet Shop Boys (band) PSB Public Service Broadcasting (radio and television) PSB Public Service Board (Vermont) PSB Public Security Bureau (China) ) Founded: 1983 Headquarters: Glendale Top Executive: Joseph D. Russell Jr., chief executive and president Market Cap/Dividend Yield: $1.12 billion/2.2% Portfolio Value: $1.55 billion 2004 Revenue/Earnings: $219.5 million/$29.1 million Key Markets: California, Northern Virginia, Texas, Oregon, Maryland and Florida Marquee Properties: Laguna Hills Commerce Center, Cerritos Business Center Investment Strategy: Flexible, multi-tenant industrial and suburban office space |
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