| CNL American Properties Fund, Inc. | |||
| Proposed Ticker: | - | 400 East South Street, Suite 500 | |
| Exchange: | None | Orlando, FL 32801 | |
| Industry: | Financial (SIC Code 6798) | (407) 422-1574 | |
| Type of Shares: | Common Shares | Filing Date: | 10/10/97 | |
| U.S. Shares Filed: | 34,500,000 | Filing Range: | $8.00 - $10.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $310,500,000 | |
| Primary Shares: | 34,500,000 | Expenses: | - | |
| Secondary Shares: | 0 | Shares Out After: |
| Manager | Tier | Phone |
| CNL Securities Corp. | Lead Manager |
| Issuer's Law Firm: | Shaw, Pittman, Potts & Trowbridge |
| Bank's Law Firm: | Shaw, Pittman, Potts & Trowbridge |
| Auditor: | Coopers & Lybrand |
Dollar amounts in U.S. millions except for per share data | |||||
| 6 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 6/30/97 | 6/30/97 | |||
| Revenue: | $6.21 | $6.72 | Assets: | $214.94 | |
| Net Income: | $4.75 | $5.23 | Curr Assets: | ||
| EPS: | $0.59 | $0.29 | Liabilities: | $17.82 | |
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | Equity: | $197.12 | |||
| Cash Flow/Fin: | Cash: | $31.10 | |||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a real estate investment trust, (REIT). The company will acquire properties to be leased on a long-term (15 to 20 years), triple-net basis, which means that the tenant will be responsible for repairs, maintenance, taxes & insurance. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes. |