American Realty Trust, Inc., a Georgia corporation, is successor to a District of Columbia business trust organized on July 14, 1961. National Realty, L.P. is a Delaware limited partnership formed on Jan. 29, 1987. Most of NLP's properties were acquired on Sept. 18, 1987, when it acquired all assets and assumed all liabilities of 35 public and private limited partnerships. The General Partner of National Realty is NRLP Management Corp., a Nevada corporation and wholly owned subsidiary of American Realty Trust.
At March 5, 1999, ART owned 55.4 percent of NLP's units of limited partnership interest. Both ART and NLP are advised by Basic Capital Management, Inc., a privately held corporation. At March 5, 1999, Basic Capital owned 54.3 percent of ART and 7.6 percent of NLP.
Properties Held for Investment ART NLP
(as of Dec. 31, 1998)
Apartments 90 55
Office Buildings 7 5
Shopping Centers 9 6
Merchandise Mart 1 --
Hotels 9 --
* Total Properties **116 66
*Complete property lists, geographic distribution, average rents, square footage and occupancy rates are located on pages 7-9 of the National Realty, L.P. 1998 10-K and on pages 8-15 of the American Realty Trust 1998 10-K.
**Total properties owned by ART do not include 59 parcels of land held for sale, one single family residence and 51 owned and six franchised Me-N-Ed's pizza parlors operated by Pizza World Supreme, Inc., a wholly-owned subsidiary.
All SEC documents relating to ART and NLP can be downloaded from the Investor Data section of each of the companies included in the Basic Capital web site at www.bcm-inc.com, or go directly to Investor Data at amrealtytrust.com or national realty-lp.com .