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Wright Reports > Company Profile Report > I > Income Opportunity Realty Investors, Inc.

Income Opportunity Realty Investors, Inc. - Company Profile Snapshot

Company Profile: Income Opportunity Realty Investors, Inc.
Ticker: IOT
Exchanges: ASE
2008 Sales: 1,291,000
Major Industry: Financial
Sub Industry: Real Estate Investment Trust Co.
Country: UNITED STATES
Employees: 0

Business Description
Income Opportunity Realty Investors, Inc.. The Group's principal activity is to invests in real estate through direct ownership, leases and partnerships and it also may invest in mortgage loans on real estate. The majority of its real estate is located in the Southwest region of the United States, Texas. The Group has elected to be treated as a Real Estate Investment Trust under Sections 856 through 860 of the Internal Revenue Code of 1986. It operates in three segments: Commercial Properties, Apartments and Land. As of 31st December 2007, its portfolio consisted of 10 properties totaling 202,040 rentable square feet. Its properties consisted of seven apartments and three commercial properties consisting of; one office building, one industrial warehouse, and one shopping center. In addition, it owns 211 acres of improved and unimproved land for future development or sale. The Group operates only in United States.

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