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CapLease prefers the net lease. Its tenants take care of their own utilities, taxes, insurance, and maintenance, while the real estate investment trust (REIT) can focus on money matters, such as property and loan investments. CapLease typically invests in single-tenant commercial (office, retail, industrial) properties in the metropolitan areas of Chicago, Dallas, New York City, Philadelphia, and Washington, DC. Its portfolio includes more than 60 properties in 26 states. The US government and Nestle Holdings account for about 10% apiece of the company's total revenue. Hotchkis and Wiley Capital Management, LLC owns a 10% interest in CapLease.
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| | | Contact Information | |
Address: |
1065 Avenue of the Americas
New York, NY 10018
| | Phone: | 212-217-6300 | | Fax: | 212-217-6301 |
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| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2008): | 185.10 M | | Revenue Growth (1 yr): | 7.50% | | Employees (2008): | 20 | | Employee Growth (1 yr): | (-9.10%) |
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Key People
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Chairman and CEO:
Paul H. McDowell
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President and Director:
William R. (Bill) Pollert
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SVP, CFO, and Treasurer:
Shawn P. Seale
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