Westland Development Company, Inc. - X.WLD- Profile

Westland Development Co., Inc.. The Group's principal activities are to develop, sell and lease its real estate holdings, most of which are located near Albuquerque, New Mexico. Its operating in two segments: Land and Rentals. Land operations involve the development and sale of tracts, both residential and commercial and also operating the leasing of grazing rights. Rentals operations involve rentals from five single-tenant retail store buildings and a portion of the its office building. Its the owner of approximately 54,000 to 57,000 acres of land located on the west side of Albuquerque, New Mexico. Land accounted for 93% of fiscal 2006 revenues and Rentals, 7%