Net income for the period was $3.5 million or $1.08 per dilutedshare, compared to $3.18 million or $0.91 per diluted share for thecorresponding period in 1999. This represents an increase of 19%per diluted share.

At the close of the quarter, the operation's assets totaled$728.4 million. Stockholders' equity was $32.6 million or 4.5% oftotal assets.

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John Salustri

John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.