From that ambition comes new long-term ownership of Manhattan office property.

Of the major chains, only Ladbrokes is in secure long-term ownership.

In addition, there are built-in incentives to long-term ownership.

Alexander Summer is currently buying out a long-term ownership partner for a warehouse in Carteret.

To promote long-term ownership and to discourage such bids, stockholders get only one vote per share until they have held onto their stock for four years.

"I am looking for long-term ownership," said Steven Baranello, 32, vice president of the 60-year-old contracting company.

Tishman Hotel & Realty focuses primarily on large, complex properties with a long-term ownership strategy.

Adding weight to that argument for long-term ownership are demographic, political and economic forces that make highly likely a continuing rise in the value of shelter.

Arlington was subsequently acquired by Goodman, a property group involved in long-term ownership, development, and management of commercial and industrial property.

Landlords are offering property to their tenants at below-market prices and getting out of the business of long-term ownership and management.

The AHF does not provide finance to private and commercial owners and buildings in long-term ownership or use.

The annual expense ratio of 1.22 percent is lower that the ratio for class B and C shares, reducing the cost of long-term ownership.

"We're building a portfolio of commercial property for long-term ownership and are studying what needs to be done to increase each property's value and performance," Mr. Nussbaum said.

MGM distributed the product domestically in theatres, while TWC will retain long-term ownership of their product.

"There is just too much long-term ownership of the brownstones for anyone to ever think that the area could pass from one racial group or one economic group to another," she said.

Williams F1, the third most successful team ever in Formula One, is mulling a listing in order to secure the "long-term ownership" of the company and to maintain its independence.

At stake is the long-term ownership of the club, with Alisher Usmanov, the Russian tycoon, and Stan Kroenke, his American rival, gearing up for a bitter battle for control.

His sons Reidar and Gunnar Holst took over in the 1930s, and ultimately established the Reidar and Gunnar Holst Foundation in 1973 to assure long-term ownership.

Sir Frank , 68, said: "For some years I have been considering how to secure the long-term ownership of Williams such that it will remain true to the aims with which Patrick and I established the team back in 1977.

Historically successful under the long-term ownership of the Hemmerdinger family, Atlas Terminals shows the effects of the city's shrinking blue-collar-jobs base, the continuing pressure of high taxes and labor costs on small business and the effort of a property owner to adapt industrial space to the market.

The Giuliani administration's approach would drastically reduce or eliminate over time the need for the expensive and time-consuming system of long-term ownership and management of tax-foreclosed residential property by the city's Department of Housing Preservation and Development, which has been in effect for 18 years.

"In a capitalist society like America, wealth is created through long-term ownership of growing businesses," said Mr. Ehlers, co-lead portfolio manager with Mr. Shell of the $287.1 million Heritage Capital Appreciation fund in Tampa, Fla. "We talk about buying businesses, not shares of stock."

But Adrienne Baker, president of the board of Concord Village, said in an interview that a co-op board must look beyond whether a buyer can assemble enough money to close on a purchase, It also must determine whether the would-be buyer's income is sufficient for a long-term ownership in a building whose future costs are hard to predict.

Speculators play one of four primary roles in financial markets, along with hedgers who engage in transactions to offset some other pre-existing risk, arbitrageurs who seek to profit from situations where fungible instruments trade at different prices in different market segments, and investors who seek profit through long-term ownership of an instrument's underlying attributes.