Gyrodyne Company of America, Inc. (Gyrodyne) is a self-managed and self-administered real estate investment trust (REIT). The Company�s primary business is the investment in and the acquisition, ownership and management of a geographically diverse portfolio of medical office and industrial properties and development of industrial and residential properties. As of December 31, 2011, it had 100% ownership in three medical office parks comprising approximately 131,000 rentable square feet and a multitenant industrial park comprising 128,141 rentable square feet. In addition, the Company has approximately 68 acres of property in St. James, New York and an approximate 9.32% limited partnership interest in a limited partnership which owns an undeveloped Florida property, the Grove. As of December 31, 2011, Gyrodyne owns and manages 139,000 square feet of medical office space, all of which is occupied, with properties in the suburbs of New York City and Washington, DC.