American Land Lease Inc., a real estate investment trust, engages in the ownership, development, expansion, management, acquisition, and disposition of residential land lease communities in the United States. The company owns home sites that are leased to owners of homes situated on the leased land, and owns various amenities provided for common use by the homeowners. As of December 31, 2005, it held interests as owner in 29 residential land lease communities that include a recreational vehicle park with an approximate total of 7,283 operational home sites, 976 developed home sites, 1,270 undeveloped home sites, and 129 recreational vehicle sites. The company’s properties are located in...