February 2, 2001 NEW YORK – Fitch has downgraded Omega Healthcare Investors Inc.'s preferred stock to single-D from single-B-minus.The move stems from Omega's decision to suspend dividends on all its preferred and common shares.In addition, Fitch has withdrawn...
February 2, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $9.2$8.5 $35.8 $32.2 FFO/shr (diluted) $0.55$0.52 $2.15 $1.94 Net Income (Mln) $13.1 $4.6 $30.5 $24.9 Net/shr$0.78 $0.28 $1.84 $1.51 Revenue (Mln)$25.8 $24.5 $100.5$95.4 Shares Outstanding (Mln)16.8 16.4 16.6 16.6
February 2, 2001 Lehman Brothers and its partners have received more than $118 million in financing from DaimlerChrysler Capital Services to buy 1,610 apartment units in Riverside, San Dimas and West Covina, Calif.Lehman Brothers and developer General William...
February 2, 2001 Chrysler builds parts hub in OrlandoThe Orlando Sentinel, February 2ORLANDO, Fla. – Daimler Chrysler AG is building a 500,000-square-foot distribution center at Airport International Park. The $19 million center will house DaimlerChrysler parts warehousing and...
February 2, 2001 KENNETT SQUARE, Pa. - ElderTrust (NYSE:ETT) has completed transactions with Genesis Health Ventures Inc. and the Multicare Cos., allowing it to extend its bank credit facility to Aug. 30, 2002."The completion of these agreements today...
February 2, 2001 TOLEDO, Ohio – Health Care REIT Inc. (NYSE:HCN) has completed its restructuring agreement with Summerville Assisted Living Inc. and has released the Summerville facilities. The REIT had previously agreed to restructure its investment in the...
February 2, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $9.8$8.2 $37.5 $31.4 FFO/shr (diluted) $0.31 $0.28$0.95 $0.89 Net Income (Mln) $2.8 $3.3 $11.3 $12.2 Net/shr$.017 $0.16$0.60 $0.70 Revenue (Mln)$22.6 $28.7 $109.0$81.1 Shares Outstanding (Mln)32.029.7 32.2 29.4
February 2, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $31.6$29.1$123.4$110.6FFO/shr (diluted) $0.65$0.61$2.56$2.32Net Income (Mln) $12.9$18.7$36.7$69Net/shr$0.28 $0.42 $0.81$1.55Revenue (Mln)$61.8 $60.7 $253.5$234.3Shares Outstanding (Mln)48.847.8 48.3 47.8
February 2, 2001 By Brad Berton, Commercial Real Estate Direct Contributing WriterThe owners of new warehouse buildings within the 72-acre Plantation mixed-use development in City of Industry, Calif., have completed sale and lease transactions totaling about $20 million.APW...
February 2, 2001 (NewsTraders.com) – BB&T Capital Markets analyst Harry Leathers altered his ratings on two REITs Friday, lifting Washington Real Estate Investment Trust (NYSE:WRE) to strong buy from long-term buy, and lowering Winston Hotels (NYSE:WXH) to hold...
February 2, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $39.9$38.6$156.3 $152.4FFO/shr (diluted) $0.89$0.83$3.50$3.20Net Income (Mln) $13.6$12.2 $65.1 $52.3 Net/shr$0.33$0.29$1.63$1.23Revenue (Mln)$101.1 $96.9$403.5$371.3Shares Outstanding (Mln)44.746.3 44.747.6
February 2, 2001 (NewsTraders.com) – Lehman Brothers analyst David Shulman said Friday that concerns over Boston Properties' (NYSE:BXP) bid to acquire an operating lease for Manhattan's World Trade Center are "overdone," while maintaining his strong buy ranking on...
February 2, 2001 GURNEE, Ill. – AMLI Residential Properties Trust (NYSE:AML) and venture partner BPMT have purchased AMLI at Osprey Lake for an undisclosed purchase price.AMLI and BPMT contributed about 70 percent and 30 percent, respectively, of the...
February 2, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $22.2$17.4 $80.8 $67.0 FFO/shr (diluted) $1.06 $0.85 $3.90 $3.26 Net Income (Mln) $11.1 $13.0 $44.1 $42.2 Net/shr$0.59 $0.71 $2.37 $2.36 Revenue (Mln)$49.4 $39.5 $178.7$146.0 Shares Outstanding (Mln)21.0 21.0 20.7...
February 2, 2001 TORONTO – Patrick J. Lavelle, F.G. McDowell and Theodore I. Sherman have resigned from the board of directors at Revenue Properties Co. Ltd. (Nasdaq:RPCLF).In their place, the company has appointed James R. Bullock, David A....
February 2, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $17.1$17.4 $53.2 $54.9 FFO/shr (diluted) $0.86 $0.83 $2.67 $2.58 Net Income (Mln) $8.5 $9.2 $23.7 $25.3 Net/shr$0.53 $0.53 $1.45 $1.44 Revenue (Mln)$39.8 $38.7 $142.2$133.6 Shares Outstanding (Mln)16.2 17.3 16.3...
February 2, 2001 NEW YORK – Standard & Poor's has lowered its rating on Omega Healthcare Investors Inc. (NYSE:OHI) and on the company's senior unsecured debt and cumulative preferred stock. The outlook is negative.The downgrades were prompted by...
February 2, 2001 Glendale, Calif., Developer Buys Burbank BuildingBy Brad Berton, Commercial Real Estate Direct Contributing WriterExecutive Software of Glendale, Calif., has purchased 7590 N. Glenoaks Blvd. in Burbank for $10.68 million and will relocate its corporate headquarters.Executive...
February 2, 2001 HORSHAM, Pa. – GMAC Commercial Mortgage has acquired Keystone Mortgage Partners LLC, a Phoenix-based originator and servicer of commercial mortgages specializing in life insurance company-originated mortgages.Terms of the transaction were not disclosed.Keystone Mortgage Partners originates...
February 2, 2001 FORT WORTH, Texas – Crescent Real Estate Equities Co. (NYSE:CEI) has promoted David M. Dean to executive vice president of law and administration.He has served as senior vice president of law since he joined the...
February 1, 2001 Judge may rule on mall expansion Friday The Charlotte (N.C.) Observer, February 1CHARLOTTE, N.C. – The $100 million SouthPark mall expansion project is being threatened by a lawsuit filed by eight residents, who say their...
February 1, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $97.2$86.4 $377.9 $278.6 FFO/shr (diluted) $0.63 $0.57 $2.46 $2.19 Net Income (Mln) $73.4 $41.2 $213.0 $139.6 Net/shr$0.57 $0.33 $1.66 $1.32 Revenue (Mln)$194.7 $183.6 $794.6$589.6 Shares Outstanding (Mln)154.8 152.0 153.9...
February 1, 2001 Ivanhoe and Cambridge to merge Canada Newswire, February 1MONTREAL – Ivanhoe Inc. and Cambridge Shopping Centres Ltd. will merge, and the new organization will be known as Ivanhoe Cambridge. The move follows Ivanhoe's acquisition and...
February 1, 2001DENVER – AMLI Residential Properties Trust (NYSE:AML) has purchased the Legacy Gateway Park apartment community for an undisclosed purchase price.The community, which has been renamed AMLI at Gateway Park, consists of 328 units set on about...
February 1, 2001 LOS ANGELES – Cousins Properties Inc. (NYSE:CUZ) has acquired the remaining 49.9 percent interest in Phase I of the Cerritos Corporate Center for $7.5 million from its venture partner CommonWealth Pacific.Cousins now owns the 222,000-square-foot...
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