April 2, 2002 NEWTON, Mass. – Five Star Quality Care (AMEX:FVE) has completed its acquisition of five senior-living communities for $45.5 million from an affiliate of ILM-II Senior Living.The communities contain 704 units, consisting of 531 independent-living apartments...

April 2, 2002 NEW YORK – Standard & Poor's has lowered its ratings on five classes of Hilton Hotels Pool Trust's 2000-HLT because of the deterioration in the deal's overall operating performance, including a decrease in debt service...

April 2, 2002 LOS ANGELES – Kearny Real Estate Co. sold the 412,580-square-foot industrial property in Temecula, Calif., to BentleyForbes.As previously reported, BentleyForbes paid $30 million for the property, which includes light manufacturing space, a warehouse and office...

April 1, 2002 PLYMOUTH MEETING, Pa. – Kramont Realty Trust (NYSE:KRT) has received an $18.5 million revolving credit line from GMAC Commercial Mortgage Corp.The facility will be used for acquisitions, capital expenditures and general corporate purposes.It calls for...

April 1, 2002 Spec building under construction in Shepherdsville, Ky.Business First of Louisville (Ky.)SHEPHERDSVILLE, Ky. – Robert Pattillo Properties is expanding its portfolio in the Greater Louisville area with the construction of a 427,500-square-foot speculative industrial building at...

April 1, 2002 CHITTENDEN, Vt. – The lender of the Mountain Top Inn will hold an on-site auction April 30 to sell the resort property before the summer, in order to allow the buyer to be in place...

April 1, 2002 SANTA MONICA, Calif. – National Golf Properties' (NYSE:TEE) board has approved the company's merger with its primary tenant, American Golf Corp. and its affiliates.Under the terms of the agreement, National Golf and American Golf and...

April 1, 2002 NASHVILLE, Tenn. – American Retirement Corp. (NYSE:ACR) has completed two sale-leaseback transactions of six properties for $91.1 million. The company used a portion of the proceeds from the transactions to repay $68.1 million of mortgage...

April 1, 2002 CHICAGO – Fitch Ratings has withdrawn its ratings on Resolution Trust Corp.'s 1992-C1 deal because noteholders were paid in full on March 25.Comments? E-mail Susanna Potter, or call her at (267) 247-0112, Ext. 212.

April 1, 2002 KANSAS CITY, Mo. – AMC Entertainment has closed on its acquisition of GC Companies Inc., the bankrupt parent company of General Cinema, for $167 million.The deal, agreed to in December and approved by the bankruptcy...

April 1, 2002 CLEVELAND – Developers Diversified Realty (NYSE:DDR) has funneled the inline space at Shops at Kildeer shopping center to a venture that is 90 percent owned by DRA Advisors Inc. in a deal valued at $28...

April 1, 2002 NEW YORK – Most structured finance executives believe that the rating agency practice of notching bond ratings is not justified, according to a survey.The survey, conducted by Greenberg Quinlan Rosner Research, was commissioned by Fitch...

April 1, 2002 ATLANTA – Crescent Capital Investments has closed on a $203.4 million joint venture with Sunrise Assisted Living – giving the company and its affiliates 80 percent ownership in 12 properties comprising 940 assisted-living units. Sunrise...

April 1, 2002 CVS Corp. has hired DJM Asset Management LLC of Melville, N.Y., to sell the leases on 51 CVS stores.The stores, which range in size from 2,800 square feet to nearly 25,000 sf, are in 16...

April 1, 2002 LOS ANGELES – BentleyForbes has acquired the Temeculah, Calif., regional headquarters and distribution center of Scotts Co., which will lease back the property for 15 years.BentleyForbes, a Los Angeles investor specializing in sale-leasebacks, said the...

April 1, 2002 CONCORD, Calif. – Taubman Centers Inc. (NYSE:TCO) has agreed to pay $88 million for a 50 percent stake in Sunvalley, a 1.3 million square-foot shopping center.The Bloomfield Hills, Mich., REIT is buying the stake from...

April 1, 2002 JACKSONVILLE, Fla. – The St. Joe Co. (NYSE:JOE) is thinking about selling Arvida Realty Services, its real estate brokerage and services unit.St. Joe said in a press release that discussions are under way with outside...

March 28, 2002 WP Carey (NYSE:WPC) has purchased eight warehouse facilities from Carrefour, France's largest retailer, for about $104 million euros (US$91 million).DePfa/Aareal Bank provided financing for the purchase of the properties.Under the terms of the sale-leaseback agreement,...

March 28, 2002 INDIANAPOLIS – Simon Property Group Inc. (NYSE:SPG) has purchased two stand-alone policies of terrorism insurance, each with $100 million total limits.The first policy will insure Mall of America in Bloomington, Minn., and the second policy...

March 28, 2002 HONG KONG – Standard & Poor's has withdrawn its ratings on Sino Commercial Properties Funding Ltd. because the transaction has been paid in full.The transaction was the first Hong Kong-based multiproperty commercial mortgage-backed securitization rated...

March 28, 2002 HOUSTON – Camden Property Trust (NYSE:CPT) has started construction on a $24 million apartment community adjacent to the Royal Oaks Country Club on the south side of Richmond Avenue, between Kirkwod Drive and Old Westheimer...

March 28, 2002NEWTON, Mass. – Hospitality Properties Trust (NYSE:HPT) has received a $350 million revolving credit facility from a syndicate of banks led by First Union Securities and Dresdner Bank Real Estate.The facility replaces a similar facility for...

March 28, 2002 Fashion Mall in Fla. sold for $21Mln-plusSun-SentinelPLANTATION, Fla. – Cameron Group and Ashkenazy Acquisition Corp. have purchased the Fashion Mall, at 321 N. University Drive, for more than $21 million. Currently, the 637,000-square-foot mall has...

March 28, 2002 NEW ORLEANS – Sizeler Property Investors (NYSE:SIZ) has commenced two public offerings.The first is an exchange offer to holders of all of its outstanding 8 percent convertible subordinated debentures due July 15, 2003. The second...

March 28, 2002 Collateralized debt obligation, underwritten by Morgan Stanley Dean Witter. Collateral consists of CMBS, REIT debt, ABS and a small amount of corporate securities and bank loans. The collateral manager, Newcastle Investments, is the former Fortress...