Transformation to Operator-Owner
|
|||
| At the beginning of the GEAR UP Plan |
12/31/2007 Report |
Original Projection for the end of the GEAR UP Plan |
|
| Recurring fees ($) | |||
| From fee simple ownership | $6.6 million | $6.9 million | $7.6 million |
| Fund and joint venture properties | $0.8 million | $3.0 million | $6.2 million |
| Third party contracts | $0.3 million | $1.0 million | $0.4 million |
| Total | $7.7 million | $10.9 million | $14.2 million |
| Assets under management (%) | |||
| Fee simple ownership | 85% |
79% |
50% |
| Joint ventures and funds | 15% |
21% |
50% |
| Assets under management ($) | |||
| Fee simple ownership | $1.2 billion |
$1.3 billion |
$1.1 billion |
| Joint ventures and funds | $0.2 billion |
$0.4 billion |
$1.3 billion |
| Total | $1.4 billion |
$1.7 billion |
$2.4 billion |
| Real estate revenue | |||
| From fee simple ownership | 96% |
79% |
75% |
| From assets held in joint ventures & funds | 4% |
21% |
25% |