February 9, 2001 PALM BEACH GARDENS, Fla. – Patrick T. Hogan has resigned as vice president and chief financial officer of Correctional Properties Trust (NYSE:CPV).Hogan, who has served as CFO since the prison REIT was formed in February...

February 9, 2001 MELVILLE, N.Y. – Reckson Associates Realty Corp. (NYSE:RA) has backed out of its deal to buy a 475-acre tract on Long Island from New York State that was formerly part of the Pilgrim State Psychiatric...

February 8, 2001 (NewsTraders.com) – Basing the move on her conviction that the JDN Realty Corp. (NYSE:JDN) story has stabilized, A.G. Edwards & Sons analyst Ann Melnick upgraded the stock Thursday to "maintain" from "sell," with the quip,...

February 8, 2001 Ottawa growth boosts demand for malls The Ottawa Citizen, February 8 OTTAWA - Viking Rideau Corp. has begun a C$10 million (US$6.6 million) renovation of the Rideau Centre. Renovation plans could also entail a $35...

February 8, 2001 NEW YORK - Fitch has assigned a triple-B rating to Camden Property Trust's (NYSE:CPT) $150 million and $50 million offerings of senior term notes.The $150 million 10-year notes, which mature in 2011, yield 7.625 percent....

February 8, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $21.3$19.5 $77.5 $71.3 FFO/shr (diluted) $0.79 $0.73 $2.88 $2.67 Extra Gain (Loss) $1.8 $(2.2) $4.4 $(0.01) Net Income (Mln) $6.8 $3.0 $18.5 $19.5 Net/shr$0.29 $0.13 $0.78 $0.82 Revenue (Mln)$68.8...

February 8, 2001 Banc of America Large Loan Inc., Series 2001-FMClassAmount($mln)RatingS&PRatingMoody'sAvg.LifePriceTalk(BP)Priced(BP)BenchMarkA-133.1AAAAaa5.8+38-40+42SwapsA-2136.9AAAAaa9.8+52-55+57SwapsB27AAAa29.8+67-70+72SwapsC30.9AA29.8+82-85+85SwapsD35.55BBBBaa29.8+125 area+125SwapsE6.26BBB-Baa39.8+165-170+165SwapsX*263.45AAAAaa8.94+275 area+275T. curve* Interest only.

February 8, 2001 (NewsTraders.com) – Merrill Lynch analyst Steve Sakwa has reduced his opinion on Realty Income (NYSE:

February 8, 2001 SAN FRANCISCO – Citadon Inc. has acquired Madison Real Estate Technologies, an affiliate of Trepp LLC, and will incorporate Madison's software into an online lending application that it is developing.The lending platform will enable financial...

February 8, 2001 (NewsTraders.com) – First Union Securities analyst Stephen Swett lifted his rating on Post Properties (NYSE:PPS) to "buy" from "market perform" today, despite the REIT having recently missed financial expectations for the recently completed fourth quarter.According...

February 8, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $13.0$10.1 $46.6 $39.0 FFO/shr (diluted) $0.83 $0.73 $3.17 $2.82 Net Income (Mln) $7.4 $5.1 $26.0 $22.1 Net/shr$0.41 $0.30 $1.52 $1.46 Revenue (Mln)$30.0 $23.2 $106.9$86.3 Shares Outstanding (Mln)15.7 13.9 14.7...

February 8, 2001 Industry News: Coral Gables, Fla., office site sells for $13.2 MlnDaily Business Review, February 8Coral Gables Hines Development LLC purchased a 3.53-acre office site in Coral Gables for $13.2 million from First Union National Bank....

February 8, 2001 HORSHAM, Pa. – GMAC Commercial Mortgage has provided $33 million of fixed-rate financing to the owner of four Pennsylvania office properties.The 10-year financing, which amortizes over 30 years, was provided to SFN PA LLC. The...

February 8, 2001 Banc of America Large Loan Inc., Series 2001-FMClassAmount($mln)RatingS&PRatingMoody'sAvg.LifePriceTalk*(BP)Priced(BP)BenchMarkA-133.1AAAAaa5.8+38-40+42SwapsA-2136.9AAAAaa9.8+52-55+57SwapsB27AAAa29.8+67-70+72SwapsC30.9AA29.8+82-85+85SwapsD35.55BBBBaa29.8+125 area+125SwapsE6.26BBB-Baa39.8+165-170+165SwapsX**263.45AAAAaa8.94+275 area+275T. curve* Set on or before Jan. 26.** Interest only.

February 8, 2001HOUSTON – Travelers Insurance has taken over the 1.3 million-square-foot Sharpstown Center mall, which has been clobbered by newer competitors.The foreclosure was reported by the Houston Chronicle.The property, the first enclosed, air-conditioned mall in Houston, started...

February 8, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $22.4$19.2 $84.8 $71.8FFO/shr (diluted) $0.70 $0.61 $2.67 $2.29 Extra Gain (Loss) Mln ($0.5) ($0.4) ($0.9) ($1) Net Income (Mln) $26 $8.6 $76.6$33.3Net/shr$1.04 $0.35 $3.10 $1.37Revenue (Mln)$58.2$53.9 $230.3$206Shares Outstanding (Mln)3231.431.831.4

February 8, 2001(NewsTraders.com) – Salomon Smith Barney analyst Jonathan Litt has raised his rating on SL Green Realty (NYSE:SLG) to "buy" from "outperform" and hiked his price target to $33 from $28.SL Green reported fourth-quarter FFO of $0.70...

February 8, 2001 Bear Stearns Mortgage Securities Inc., Series 2001-EPRClassAmount($mln)RatingS&PRatingMoody'sAvg.LifePriceTalk(BP)RevisedTalk(BP)BenchMarkA63.5AAAAaa5+75-80+85 areaSwapsB11.7AAAa25+105-110+115 areaSwapsC12.5AA25+140 area+145 areaSwapsD4.6A-A35+160 area+160 areaSwapsE7.5BBBBaa25+365 area+365 area5-yr. Treas.F3.8BBB-Baa35+450 area+450 area5-yr. Treas.

February 8, 2001 Go to Moody's Presale Report.Go To Fitch's Presale Report. Office Portfolio Trust, Series 2001-HRPTClassAmount($mln)RatingFitchRatingMoody'sAvg.LifePriceTalk(BP)BenchMarkA-136AAAAaa5.7+48 areaSwapsA-2119AAAAaa9.94+60 areaSwapsB11.5AA+Aaa9.94+68 areaSwapsC15.5AAAa29.94+75 areaSwapsD11.04A+Aa29.94+85 areaSwapsE21.09AA29.94+90 areaSwapsF17.7BBB+Baa19.94+130 areaSwapsG10.8BBBBaa29.94+135 areaSwapsH17.07BBB-Baa39.94+165-170SwapsIO*259.8AAAAaaNA+275 areaTreas.* Notional amount, interest only.

February 8, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $34.6$31.9 $134.3 $124.7 FFO/shr (diluted) $0.82 $0.74$3.20 $2.87 Net Income (Mln) $14.7 $28.0 $62.4 $74.0 Net/shr$0.40 $0.70 $1.71 $1.93 Revenue (Mln)$89.6 $78.5 $340.4$300.5 Shares Outstanding (Mln)42.3 43.1 42.0 43.4

February 8, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $192.0$168.7 $614.0 $559.8 FFO/shr (diluted) $1.03 $0.90 $3.28 $2.98 Net Income (Mln) $75.2 $51.5 $186.5 $167.3 Net/shr$0.44 $0.30 $1.08 $0.97 Revenue (Mln)$561.3 $521.4 $2,020.8$1,892.7 Shares Outstanding (Mln)171.9 173.2 172.9...

February 7, 2001 (NewsTraders.com) – The war of words between investor Robert Chapman and American Community Property Trust (AMEX:APO) appears to have escalated, according to paperwork released by the SEC.In the amended Schedule 13D filing, Chapman, who with...

February 7, 2001NEW YORK – The number of commercial mortgage-backed securities with delinquencies continue to climb, but still remain at low levels overall, according to Standard & Poor's recent issue CMBS Quarterly Insights.In 2000, 65 transactions contained delinquencies...

February 7, 2001NEW YORK – Moody's has upgraded three classes of DLJ Mortgage Acceptance Corp., 1994-MF11 and affirmed the ratings of four other classes because of credit enhancement improvements due to prepayments. The rating agency upgraded the deal's...

February 7, 2001 AUBURN, Maine – GMAC Commercial Mortgage Corp. has provided $28.5 million in permanent financing for a retail property owned by Botsivalis Corp.The company received the fixed-rate loan for a 23,500-square-foot OfficeMax store, which sits on...