Koger Equity Inc. - KE- Profile

Koger Equity Incorporated. The Group's principal activity is that of an Investment Trust. The Group is a self-administered and self-managed equity real estate investment trust, which develops, owns, operates and manages suburban office buildings. The Group has been approved as an Investment trust Company by the Internal Revenue Code. These office buildings are primarily located in 12 office centers in 8 metropolitan areas throughout the southeastern United States. The Group owns 124 office buildings, of which 118 are in Koger Centers and two are outside Koger Centers. Rental income accounted for 97% of 2002 revenues; Management fees, 3% and Interest income, nominal.