Kranzco Realty Trust - KRT- Profile

Kranzco Realty Trust is a self-administered and self-managed real estate investment trust. The company owns, operates, manages, leases, invests and develops neighborhood and community shopping centers and free-standing properties. As of December, 1999 the company owned and operated 62 properties in 16 Northeastern, Southern and Mid-Atlantic states of the United States. The company also provides property management, leasing, accounting, legal, design and construction expertise through its own personnel as well as outside professionals. During 1999, the company sold one of its free-standing properties located in Tucson. Rental income accounted for 81% of 1999 revenues; expense reimbursements, 18%; interest income, nominal and other, 1%.