FFO equaled $1.7 million or 34 cents per unit, compared with $1.6 million or 30 cents per unit for the fourth quarter of 1999, the company says in a prepared statement. For all of 2000, FFO increased by 14.4% per unit to $6.9 million or $1.35 per unit, from $6.2 million or $1.18 per unit for 1999.
The fund is currently paying distributions to its limited partners at an annualized rate of 95 cents per unit, representing a yield of about 9.2% per annum based on a unit price of $10.30.
America First focuses on real estate development, asset management, property management, acquisition, and financing. Its portfolio includes mortgages or equity positions in more than 120 real estate projects in 36 states.
In addition to its Georgia properties, America First maintains apartment communities in Orlando, FL; Gallatin, TN; Oklahoma City, OK; Tulsa, OK; Port Orange, FL; Aurora, IL; Chattanooga, TN; Fresno, CA; and Palm Bay, FL.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
