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Cedar Realty Trust is a publicly traded, American real estate investment trust (REIT) which specifically manages and owns supermarket anchored shopping centers.〔 The company is headquartered in Port Washington, New York and incorporated in Maryland.〔2013 10K: p. 1〕 , the company's primary property footprint was in the Washington, D.C. to Boston metropolitan corridor,〔Van Allen, 2014〕 where it owned 65 "operating properties" amounting to ~9.4 million sq. ft. of gross leasable area (GLA),〔 and occupied by 899 tenants.〔2013 10K: p. 5〕 Cedar's properties are found in Connecticut, Maryland, Massachusetts, New Jersey, New York, Virginia and Pennsylvania.〔2013 10K: pp. 7-11 (Real Estate Summary table)〕 Cedar Realty Trust was formerly known as "Cedar Shopping Centers".〔Press release, Nov 9, 2011〕 ==Business model== As noted in the opening, Cedar has set itself up as a REIT which is an IRS-recognized taxable structure under which most of its assets must be in and revenue from real estate or related sources.〔 Essentially all of Cedar's revenue comes from rents and payments on long-term leases from tenants of their various properties.〔 , >90% of Cedar's gross leasable area was occupied.〔 Cedar's focus on "grocery-anchored community shopping centers" is predicated on the notion that people need to eat and purchase staples and will continue to need to do so into the future, thus providing a long term stable base for revenues.〔 Cedar operates under a structure where substantially all of its assets have been contributed to a limited partnership, Cedar Realty Trust Partnership, L.P., which itself is a Delaware corporation.〔 , Cedar was the only partner in the Partnership and owned >99% of the contributed assets.〔 , the top two tenants in terms of number of occupied locations were Dollar Tree and Giant Foods, with 22 and 13 locations, respectively.〔 Giant Foods also occupied the largest sq. footage overall and generated the most revenue for Cedar, accounting for ~12% of 2013 revenue.〔 抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)』 ■ウィキペディアで「Cedar Realty Trust」の詳細全文を読む スポンサード リンク
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