General News
FINAL PRICING: NationsLink Funding Corp., Series 1999-2
November 11, 1999 Go To Revised Price Talk in the VertiNews.com ArchiveNationsLink Funding Corp., Commercial Mortgage Pass-Through Certificates Series 1999-2Class*Amount ($mln)Sub. Level (%)Rating S&PRating Duff & PhelpsRating Fitch IBCAAvg. LifeSpread (BP)BnchMarkA-284.627.17AAAAAAAAA3.15 +116Treas.A-323227.17AAAAAAAAA5.7+130Treas.A-4110.527.17AAAAAAAAA8.07+135Treas.A-1C10427.17AAAAAAAAA5.5+109Treas.A-2C11427.17AAAAAAAAA8.59+127.5Treas.B56.122.14AAAAAA8.9+153Treas.C44.918.11AAA9.05+178Treas.D67.312.07BBBBBBBBB9.14+240Treas.X**1,115N/AAAArAAAAAA6.29 -- Treas.* Class A-1 tranche, at $167 million,...
Kennedy-Wilson Buys Offices in San Antonio, Management Firm in Austin
November 11, 1999 SAN ANTONIO – Kennedy-Wilson Inc. (NASDAQ:KWIC) has teamed up with ING Realty Partners to buy 10010 San Pedro Ave., a 140,750-square-foot office building in San Antonio.Terms of the purchase were not disclosed.The acquisition comes on the heels...
Mid-America Sells Florida Apartment Community for $31 Mln
November 11, 1999 MEMPHIS, Tenn. – Mid-America Apartment Communities (NYSE:MAA) has sold the 798-unit Sailwinds at Lake Magdalene community in Tampa, Fla., for $31.1 million. The $38,972/unit price represents a 7.9 percent capitalization rate, based on trailing net operating income.Mid-America...
Developers Diversified’s Henry Moves to Coventry Partners
November 11, 1999 Loren Henry, a 22-year veteran of Developers Diversified Realty (NYSE:DDR), has moved over to Coventry Real Estate Partners, a New York venture formed 18 months ago by the REIT and Prudential Insurance. Loren, who remains headquartered in...
National Health Files 8-K
November 11, 1999 National Health Investors Inc. (NYSE: NHI) has filed a Form 8-K (Current Report) with the SEC.
Times Square-Area Office Building Selling for $100/sf, Daily News Says
November 11, 1999 Kevin Wang, a long-time player in the New York real estate market, has agreed to buy 230 West 41st Street for more than $30 million, or $100/sf, according to the New York Daily News.The property faces the...
Aegon Life, Nippon Life, Archon Provide $200 Mln of Financing for Sanwa Bank Plaza
November 11, 1999 LOS ANGELES – Aegon Life Insurance Co. and Nippon Life Insurance have provided the fixed-rate financing to Hines Interests LP for its purchase of Sanwa Bank Plaza, a 1 million-square-foot office building in downtown Los Angeles.In addition,...
Golf Trust of America 3rd-Qtr FFO $0.65/shr vs $0.59/shr
November 11, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $8.5 mln$7.8 mln $25.1 mln $21.9 mln FFO/shr (diluted) $0.65 $0.59 $1.93 $1.69 Net Income $4.7 mln $4.7 mln $13.8 mln $14.2 mln Net/shr$0.31 $0.35 $0.98 $1.08 Revenue$14.1 mln $12 mln $41.1...
Prison Realty Trust 3rd-Qtr FFO $0.56/shr
November 11, 1999 3rd-Qtr 999-mos 99FFO $66.2 mln$205 mln FFO/shr (diluted) $0.56 $1.79 Net Income $46 mln $79.5 mln Net/shr$0.39 $0.69 Revenue$75 mln $220.8 mln Shrs outst.119.5 mln 115.9 mln
George Ablah Buys Memphis Industrial Property
November 10, 1999 Ablah Enterprises, the investment vehicle of real estate developer and art collector George Ablah, paid $12.5 million for 5000 Raines Road, a 1.1 million-square-foot industrial facility in Memphis, Tenn.Ablah acquired the property from Caterpillar Inc. of Peoria,...
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