December 11, 2016 9:57 AM ET

Equity Real Estate Investment Trusts (REITs)

Company Overview of Apple REIT Ten, Inc.

Company Overview

Apple REIT Ten, Inc. is a privately owned real estate investment trust. It invests in the real estate markets of United States. The firm invests in hotel properties. Apple REIT Ten, Inc. was formed in August 2010 and is based in Richmond, Virginia. As of September 1, 2016, Apple REIT Ten, Inc. operates as a subsidiary of Apple Hospitality REIT, Inc.

814 East Main Street

Richmond, VA 23219

United States

Founded in 2010

Phone:

804-344-8121

Fax:

804-344-8129

Key Executives for Apple REIT Ten, Inc.

Chairman, Chief Executive Officer, and Chairman of Executive Committee
Age: 72
President
Age: 43
Executive Vice President and Chief Financial Officer
Age: 51
Executive Vice President and Chief Operating Officer
Age: 43
President of Capital Markets
Age: 53
Compensation as of Fiscal Year 2016.

Apple REIT Ten, Inc. Key Developments

Apple Hospitality REIT to Settle Lawsuit over Apple REIT Ten Merger

Apple Hospitality REIT Inc. and other parties to a derivative action related to the company's merger with Apple REIT Ten Inc. reached a $32 million settlement Nov. 2. The lawsuit was brought against Apple Hospitality and Apple REIT Ten by a former Apple REIT Ten stockholder. The settlement is still contingent on final court approval.

Apple REIT Ten Files Form 15

Apple REIT Ten, Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its units (Each Unit is equal to one common share, no par value, and one Series A preferred share, no par value) under the Securities Exchange Act of 1934, as amended.

Apple REIT Ten, Inc. Announces Unaudited Earnings and Operating Results for First Quarter Ended March 31, 2016

Apple REIT Ten, Inc. announced unaudited earnings and operating results for first quarter ended March 31, 2016. For the quarter, the company reported total revenue of $65,480,000, net income of $10,047,000 or $0.11 per share, funds from operations of $19,376,000 or $0.22 per share, modified funds from operations of $19,658,000 or $0.22 per share compared to the total revenue of $60,397,000, net income of $9,330,000 or $0.1 per share, funds from operations of $17,719,000 or $0.2 per share, modified funds from operations of $19,299,000 or $0.21 per share for the same quarter a year ago. For the quarter, the company reported occupancy of 71.9%, average daily rate of $131, revpar of $94.14 compared to the occupancy of 72.4%, average daily rate of $128.6, revpar of $93.16 for the same quarter a year ago.

Similar Private Companies By Industry

Company Name Region
American Realty Capital Hospitality Trust, Inc. United States
Arden Realty LP United States
Blackstone Real Estate Income Trust, Inc. United States
Camden Summit Partnership, L.P. United States
Clipper Realty Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 20, 2016
--
Merger/Acquisition
April 14, 2016
--
 

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