BNET Industries
Market Cap:$42.7M
Last Fiscal Year Sales:$82.9M
- Public
- US
Dow Jones Description
American Community Properties Trust is a diversified real estate organization specializing in four related areas of operation: community development, development and ownership of rental apartment properties, property management, and development of commercial rental properties. With headquarters in St. Charles, Maryland, the company is a publicly traded partnership, listed on the American and Pacific Stock Exchanges under the symbol APO. ACPT's predecessor, Interstate General Co. L.P. (IGC), started in Puerto Rico as a construction and building firm and gained vast experience in a variety of activities from housing and shopping centers to bridges and roads. In 1968 the company decided to expand its operations into the area of large scale planned development and acquired a parcel of land near Washington DC which was to become the master-planned community of St. Charles, MD. Today, St. Charles is considered to be one of the most successful planned communities of that era, having both met fiscal objectives by becoming a self-sustaining community and providing an enjoyable and attractive place to live for all socio-economic levels. ACPT's success in planned communities continues with the current development of the 430 acre Parque Escorial community located outside of San Juan Puerto Rico and the ongoing development of St. Charles, MD, which recently celebrated the opening of its third of five planned villages, Fairway Village. ...
Number of Employees 252
Contact Information
222 Smallwood Village Ctr
Saint Charles
(301) 843-8600
Peer Companies
NAICS Code Land Subdivision: 237210
Recent Events
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ACPT Reports Results for Quarter Ended September 30, 2009
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St. Charles developer OKs $43.6M buyout by D.C. fund
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ACPT to sell for $43 million
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American Community Properties Trust APO Agrees To Be Acquired for $7.75/Share
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ACPT Announces Results for Six Months Ended June 30, 2009
News & Analysis
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american community properties trust - All News and Analysis
ACPT Sale Continues to Raise Eyebrows
Seeking Alpha
- 2009-10-06
Thomas Kirchner submits: Surprise, surprise! American Community Properties Trust APO is selling itself, and you won’t even get market value for your shares. While ACPT trades between $8.35 and $8.50, the buyout will happen at $7.75. The sudden sale at a discount to the market price comes...
Friday Options Update: LEH, SCHW, AKAM, KG, APO, TGT, ORCL, KO
Seeking Alpha
- 2008-08-22
Rebecca Engmann Darst contributed to this report. Lehman Brothers LEH – Shares in Lehman Brothers bounded sharply out of the gate with a 10% gain to $15.09 on speculation that the firm might be bought by Korea Development Bank. The move in Lehman comes a day after respected analyst Richard...
- 1
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Stephen K. Griessel | CEO |
| Cynthia L. Hedrick | Chief Financial Officer |
| Matthew M. Martin | Chief Accounting Officer |
| Carlos R. Rodriguez | Executive Vice President |
| Eduardo Cruz Ocasio | Senior Vice President & Assistant Secretary |
| Eduardo Ocasio | Senior Vice President & Assistant Secretary |
| Paul A. Resnik | Senior Vice President |
| Harry Chalstrom | Vice President |
| Jorge Garcia Massuet | Vice President |
| Jorge Massuet | Vice President |
| Mark L. Macfarland | Vice President |
| Mark Lynn | Vice President |
| Nancy M. Shambaugh | Vice President |
| Rafael Velez | Vice President |
| Thomas E. Green | Founder |
| Donald J. Halldin | Fund Manager |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Antonio Ginorio | Committee Chairman |
| Ross B. Levin | Board of Directors |
| T Michael Scott | Board of Directors |
| Thomas J. Shafer | Board of Directors |
| Thomas S. Condit | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| American Community Properties Trust | CEO | Current |
| Young Presidents' Organization | Chairman | Current |
| American Community Properties Trust | Board of Directors | Current |
| Ginn Company | Vice President of Corporate Finance | Former |
| Ginn Company | Executive Vice President | Former |
| Crestview Capital Funds | Managing Director | Former |
| University of the Witwatersrand | Master's Degree In Science, All | Former |
| Organization | Position | Status |
|---|---|---|
| American Community Properties Trust | Chief Financial Officer | Current |
| American Community Properties Trust | Board of Directors | Current |
| American Community Properties Trust | Treasurer, Secretary & Executive Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| American Community Properties Trust | Chief Accounting Officer | Current |
| FTI Consulting, Inc. | Former |
| Organization | Position | Status |
|---|---|---|
| American Community Properties Trust | Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| American Community Properties Trust | Senior Vice President & Assistant Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| American Community Properties Trust | Senior Vice President & Assistant Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| American Community Properties Trust | Senior Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| American Community Properties Trust | Vice President | Current |
| Bozzuto Construction Company | Former |
| Organization | Position | Status |
|---|---|---|
| American Community Properties Trust | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| American Community Properties Trust | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| American Community Properties Trust | Vice President | Current |
| Charles County Government | Consultant | Former |
| Organization | Position | Status |
|---|---|---|
| American Community Properties Trust | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| American Community Properties Trust | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| American Community Properties Trust | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Colonial Properties Trust | Senior Vice President, Office Division | Current |
| American Community Properties Trust | Founder | Current |
| Florida Chapter | Board of Directors | Current |
| Colonial Properties Trust | Florida Market Officer | Former |
Donald J. Halldin , 50, has over 20 years of experience as a fund manager of several hedge funds and is the Founder and Vice Chairman of a New York-based investment firm. Mr. Halldin is also a member of The Managed Fund Association.
| Organization | Position | Status |
|---|---|---|
| American Community Properties Trust | Fund Manager | Current |
| Organization | Position | Status |
|---|---|---|
| American Community Properties Trust | Committee Chairman | Current |
| Organization | Position | Status |
|---|---|---|
| American Community Properties Trust | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Cambridge Holdings, Inc. | President | Current |
| Cambridge Property Group Limited Partnership | Vice Chairman and President | Current |
| Cambridge Holdings, Inc. | Vice Chairman | Current |
| American Community Properties Trust | Board of Directors | Current |
| Tier Technologies Inc. | Board of Directors | Current |
| National Association of Industrial and Office Properties | Board of Directors | Current |
| National Association of Industrial and Office Properties | Active Member | Current |
| Cambridge Property Group Limited Partnership | Principal Broker | Current |
| Cambridge Property Group Limited Partnership | Board of Directors | Current |
Thomas J. Shafer , 79, has been a trustee of the Company since August 1998. He is a registered professional engineer specializing in real estate evaluation and land development. Prior to his retirement in 1997, he was a Partner in Whitman, Requardt and Associates, LLP ("Whitman Requardt"), an engineering and architectural firm from 1976 through 1997 and its managing partner from 1989 through 1997. He was a Director of IGMC from January 1998 to June 2000. He is a member of the Urban Land Institute, the American Society of Professional Engineers and numerous other technical organizations. Whitman Requardt has provided engineering services to the Company for over thirty years.
| Organization | Position | Status |
|---|---|---|
| American Community Properties Trust | Board of Directors | Current |
| Urban Land Institute | Board of Directors | Current |
| Igmc | Director | Former |
| Organization | Position | Status |
|---|---|---|
| American Community Properties Trust | Board of Directors | Current |
Executive News
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ACPT Executes Agreement to Sell Puerto Rico Apartments
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ACPT Announces Results for Six Months Ended June 30, 2009
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ACPT Announces Results for Six Months Ended June 30, 2009
-
ACPT Announces Results for Six Months Ended June 30, 2009
-
ACPT Announces Results for Six Months Ended June 30, 2009
Glass Door
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