December 18, 2001 NOTE: Final pricing is scheduled for tomorrow, Dec. 19. Class Amount Sub. rate Rating S&P Rating Moody's Avg. Life Price Talk (Dec.13) Revised Talk Benchmark A-1 15 63.3 AAA Aaa 3.4 +44-46 +46-47 Swaps A-2...

December 18, 2001 Class Amount Rating Fitch Rating Moody's Avg. Life (w/extension) Price Talk Priced Benchmark A 321.9 AAA Aaa 1.7 (2.4) +42 area DM* +42 Libor B 25.6 AA+ Aa1 1.7 (2.8) +70 area +75 Libor C...

December 18, 2001NEW YORK – Fitch has lowered its ratings to triple-B-minus from triple-B on Commercial Net Lease Realty's (NYSE:NNN) outstanding unsecured notes, due to the continued weakness in the company's coverage levels as well as the risks...

December 18, 2001 Class Amount Sub. rate Rating S&P Rating Moody's Avg. Life Price Talk Benchmark A-1 50 22.5 AAA Aaa 2.5 +43 area Swaps A-2 90 22.5 AAA Aaa 6.55 +54 area Swaps A-3 530.2 22.5 AAA...

December 18, 2001Rodamco North America has been in talks about a possible sale of the company to Simon Property Group, Rouse Co. and General Growth Properties. At stake is Rodamco's portfolio of high-end U.S. malls, which includes Chicago's...

December 18, 2001 ALPHARETTA, Ga. – GMAC Institutional Advisors has named J. David Morris as vice president of its fixed income investment advisory group.He will be based in the Alpharetta office, and will be working with GMAC's institutional...

December 18, 2001 BOISE, Idaho – The Renaissance at Hobble Creek Apartment Homes – a recently built, 288-unit complex in west Boise – has hit the market with a $21.5 million price tag.Marcus & Millichap is marketing the...

December 17, 2001 LOUISVILLE, Ky. – Ventas Inc. (NYSE:VTR) has raised $225 million from Ventas Trust 2001 that priced this month.Proceeds of $213 million were used to pay down a portion of the REIT's outstanding balance under its...

December 17, 2001 SPARTANSBURG, Ga. – Extended Stay America (NYSE:ESA) has amended its $900 million credit facility.The amended facility will give the company additional flexibility in managing hotel development.Due to short-term uncertainties following Sept. 11, the company deferred...

December 17, 2001 NEW YORK – Freddie Mac has provided $133 million of floating-rate financing for a 1,490-unit multifamily complex in the Kips Bay section of Manhattan.Terms of the mortgage, which was used to refinance existing debt, could...

December 17, 2001The GF Management Hotel loan in Salomon Brothers Mortgage Securities VII Inc., 2001-CDC, is the tenth largest loan in the deal's collateral pool. A story published earlier today, "Hotel Loan Default Prompts Moody's to Review Salomon...

December 17, 2001 NEW YORK – Cushman & Wakefield has named Anne Covell and Chuck Harry as co-heads of the company's analytics team in the United States.Covell and Harry most recently served as regional directors of analytics. In...

December 17, 2001 LONDON – Standard & Poor's has upgraded European Loan Conduit No. 1 BV because amortization and loan prepayments have improved credit support levels.The rating agency upgraded the deal's Class B to double-A-plus from double-A and...

December 17, 2001 Hillwood to develop 218-acre project near MemphisSOUTHAVEN, Miss. – Hillwood has purchased 93 acres for the first phase of the DeSoto Trade Center. The firm also has an option to purchase another 125 acres, which...

Correction: Hotel Loan Default Prompts Moody's to Review Salomon CMBS DealThe GF Management Hotel loan in Salomon Brothers Mortgage Securities VII Inc., 2001-CDC, is the tenth largest loan in the deal's collateral pool. A story published earlier today,...

December 17, 2001 NEW YORK – Moody's Investors Service has downgraded six lease-backed notes involving Kmart Corp. lease obligations or guarantees. The downgrades come after Moody's cut the retailer's long-term debt ratings to Ba2 from Baa3. In announcing...

December 17, 2001 RICHMOND, Va. – United Dominion Realty Trust Inc. (NYSE:UDR) has received a $400 million revolving credit facility from Fannie Mae.The credit line was arranged through ARCS Commercial Mortgage Co. It has a 10-year term with...

December 17, 2001 WASHINGTON, D.C. – American Realty Advisors has paid $34.5 million, or $189/sf, for 810 First St. on behalf of a pension fund client.The 181,740-square-foot property is 100 percent occupied, and was purchased from W9/LWS Real...

December 17, 2001 Urbco considers reorganization as a REITCALGARY – Urbco Inc. has retained Deloitte and Touche LLP to advise on the possibility of reorganizing its rental real estate assets into a REIT. Urbco specializes in providing residential...

December 17, 2001 NEW YORK – Fitch has upgraded BCF LLC's $29.5 million 1997-C1 as a result of increases in subordination levels due to amortization, prepayments and matured loans. The raised ratings are as follows: the $5.7 million...

December 17, 2001 NEW YORK – Standard & Poor's raised its ratings on Prudential Securities Secured Financing Corp.'s 1998-C1 due to increased credit support levels and improved collateral performance.Class B was raised to double-A-plus from double-A; class C...

December 17, 2001 STAMFORD, Conn. – GE Capital Corp.'s proposed purchase of Security Capital Group will provide it with a capitalization rate, or initial yield, of 8.09 percent.GE late last week agreed to buy Security Capital for $26/share...

December 17, 2001 WALNUT CREEK, Calif. – Clarion Partners has hired Eileen E. Marrinan, a former research executive with GICRE Inc., as senior vice president of its investment strategy and research group. Marrinan, a 23-year research veteran, will...

December 14, 2001 Commercial Real Estate Direct Staff ReportThe $731.5 million Sasco Floating Rate Commercial Mortgage Trust, 2001-C8, CMBS deal is due to price at midday Monday, sources say. The deal's $321.9 million triple-A tranche, with an average...

December 14, 2001 NEW YORK – Standard & Poor's has raised its ratings on three classes of JP Morgan Commercial Mortgage Finance Corp.'s 1998-C6 and affirmed other rated classes.The ratings are as follows: class B to double-A-plus from...