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American Community Properties Trust (ACPT) develops, builds, owns, and manages primarily residential real estate in Washington, DC; Maryland; and Virginia. The self-managed real estate investment trust (REIT) has ownership in more than 20 multi-family apartment communities (about 3,300 units) and 4,000 acres of undeveloped land in a planned residential community in St. Charles, Maryland. More than half of its apartment units participate in low-income housing programs. Subsidiary American Rental Management Company manages apartments for ACPT and third parties. The Wilson family controls ACPT, which has agreed to be acquired by real estate investment company Federal Capital Partners.
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Address: |
222 Smallwood Village Center
St. Charles, MD 20602
| | Phone: | 301-843-8600 | | Fax: | 301-870-8481 |
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| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2008): | 82.90 M | | Revenue Growth (1 yr): | (-2.90%) | | Employees (2008): | 217 | | Employee Growth (1 yr): | (-13.90%) |
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Key People
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Chairman; President, COO, and Director, IBC:
J. Michael Wilson
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CEO and Trustee:
Stephen K. Griessel
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CFO:
Matthew M. (Matt) Martin
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