At Crosland, our most important financial goal is to see that our shareholders realize the best returns on their investments. By producing superior results, we ensure consistent cash flow and the growth of our capital. We’re proud of our strong financial position and work hard to preserve it.
A seven-member board of directors, four of whom are independent, monitors our performance. They assure that we function within established operating and financial guidelines. Our firm financial foundation is built on a sound balance sheet and strong, recurring cash flow. Here are some highlights of our position: We fully integrate our development, construction, leasing and property management operations. By leveraging our service capabilities, we realize maximum return on equity investments. We have long-standing relationships with our equity partners, whether institutions or high net worth individuals. For more than 40 years, we’ve worked with a select group of construction lenders at major banks. This results in the best lending terms and gives us direct access to their senior management. We have executed over $800 million in permanent financing with such lenders as Northwestern Mutual Life, Principal Mutual Life Insurance and TIAA. Crosland also sells properties on an opportunistic basis as part of our strategic and capital management plans. Proceeds from these sales are treated in one of two ways: either redeployed as part of a systematic capital recycling program, or held as discretionary capital for future investment opportunities. If you are interested in acquisitions or dispositions, please contact Ned Long at the number below. Crosland is a privately held company and we don’t distribute publicly our financial results. However, if you are interested in learning more about our finances, we can make certain additional information available selectively upon request. For more information, you may contact Ned Long, CFO, at 704/561-5293. |