Pacific Office Properties Trust, Inc.

Type: Public
On the web: http://www.pacificofficeproperties.com
Employees: 54
Employee growth: (1.8%)

Like the mythical phoenix rising out of the ashes, Arizona Land Income gained new life as Pacific Office Properties Trust. The real estate investment trust (REIT) largely languished in inactivity for years, but in 2008 joined forces with private commercial property owner Shidler Group. The combined company owns more than 20 commercial properties with some 4.7 million sq. ft. of leasable space in the western US. The REIT is the largest office building owner in Honolulu. Chairman Jay Shidler, who founded Shidler Group and has had success with other REITS including Corporate Office Properties Trust and First Industrial Realty Trust, owns 94% of Pacific Office Properties Trust.

Key numbers for fiscal year ending December, 2011:
Sales: $66.7M
One year growth: (8.8%)
Net income: ($3.9)M

Officers:
Chairman: Jay H. Shidler
President, CEO, and Director: James R. Ingebritsen
CFO: Michael Burer

Competitors:
CommonWealth REIT
Equity Office
Legacy Partners