"ACPT" is a self-managed holding company that is primarily engaged in the business of investing in and managing multifamily rental properties as well as community development and homebuilding. ACPT's operations are primarily concentrated in the Washington, D.C. metropolitan area and Puerto Rico and are carried out through its U.S. subsidiaries, American Rental Properties Trust ("ARPT"), American Rental Management Company ("ARMC"), American Land Development, Inc. ("ALD") and their subsidiaries and its Puerto Rican subsidiary, IGP Group Corp. ("IGP Group").
Since our founding in 1998, ACPT has pursued and implemented innovative strategies in land development and property management. With operations in the United States and Puerto Rico, the Company is structured around two main lines of business, Operating Real Estate and Land Development.
The Operating Real Estate segment is comprised of ACPT's investments in rental properties and property management services; the Land Development segment is comprised of ACPT's community development and homebuilding services. The Company operates over 3,000 apartments in St. Charles and Baltimore, Maryland, and Richmond, Virginia. In addition, the Company is currently developing two master-planned communities-Parque Escorial, a 2,700 condominium unit in Puerto Rico, and its flagship property, St. Charles, a 9,100 acre mixed used community in Southern Maryland, twenty miles from Washington D.C. When completed, St. Charles will include nearly 24,730 housing units.
The Operating Real Estate segment is comprised of ACPT's investments in rental properties and property management services; the Land Development segment is comprised of ACPT's community development and homebuilding services. The Company operates more than 2,000 apartments in St. Charles, Maryland, and 500-unit community in Richmond, Virginia. In addition, the Company is currently developing two master-planned communities-Parque Escorial, a 2,700 condominium unit in Puerto Rico, and its flagship property, St. Charles, a 9,100 acre mixed used community in Southern Maryland, twenty miles from Washington D.C.
Overseeing these operations is an experienced management team that is focused on generating free cash flow relative to assets and debt, and positioning the Company to capitalize on the "Second Curve." This "value added" concept rejects "business as usual" thinking. Instead, the Company is taking proactive steps to indentify and develop projects and properties that will leave the ACPT well-positioned in the current real estate market, and to capitalize on future growth opportunities. We believe that companies that will remain successful those that determine and adopt better ways of doing business.