October 19, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $64.5$54.8 $184.1 $137.7FFO/shr (diluted) $0.94 $0.83 $2.71 $2.09 Net Income (mln) $48.6$24.3 $126.5 $82.3Net/shr$0.71 $0.37 $1.86 $1.25 Revenue (mln)$146.4 $131.1 $421.4 $373.2 Shares Out. (mln)67.6 66.2 67.9 65.8
October 19, 2000 Hilton Hotels Pool Trust, Series 2000-HLTClassAmount($mln)RatingMoody'sRatingS&PAvg.LifePriceTalk(BP)BenchMarkA-192.5AaaAAA5.8+28-301-mo. LiborA-2175AaaAAA9.9+40-431-mo. LiborB60.8AaaAA+9.9+50 area1-mo. LiborC66.8Aa2AA-9.9+70 areaSwapsD32.9A1A+9.9+80 areaSwapsE24.7A2A9.9+90 areaSwapsF46.9A3A-9.9+100 areaSwapsX*499.6AAAAaa--NANA* Notional balance. Go To Moody's Presale Report.
October 19, 2000 (NewsTraders.com) – Responding to a strong quarterly showing from AvalonBay Communities (NYSE:AVB), PaineWebber analyst Jeff Olson today boosted his recommendation on the apartment REIT to "buy" from "attractive."Wednesday after market close, AvalonBay reported third-quarter funds...
October 19, 2000 NEW YORK – Lexington Realty Advisors Inc., a subsidiary of Lexington Corporate Properties Trust (NYSE:LXP), has been hired to invest and manage $50 million on behalf of a private investment fund. The investment program has...
October 19, 2000SouthPark expansion approvedCharlotte Observer, October 19CHARLOTTE, N.C. – The City Council has unanimously approved the 50 percent expansion of the SouthPark mall. Barring a successful lawsuit, the 11-0 vote paves the way for a $100 million...
October 19, 2000 An investment group based in Israel said today that it has taken a 19.9 percent stake in Equity One Inc. (NYSE:EQY), just as the REIT disclosed that it is in preliminary discussions with Centrefund Realty...
October 19, 2000 Pre-Sales Targets Exceeded at Amica at Erin MillsCanada News Wire, October 18VANCOUVER – Pre-sales targets have been exceeded at Amica at Erin Mills Terrace in Mississauga, Ontario, which is being developed by Amica Mature Lifestyles...
October 19, 2000 NEW YORK – Vornado Realty Trust (NYSE:VNO) has agreed to buy 7 W. 34th St. for about $128 million, or $284/sf.The 450,000-square-foot office building is owned by HUB Properties. The 12-story building, which was built...
October 19, 2000 NEW YORK – Tarragon Realty Investors (Nasdaq: TARR) has agreed to acquire the privately held Accord Properties Associates and affiliates for a combination of cash and Series A preferred stock having a total value of...
October 19, 2000 By Thomas J. Walsh, Commercial Real Estate Direct Senior WriterTD Securities, a unit of Canada's Toronto Dominion Bank and the parent of TD Waterhouse in the United States, is planning a C$189.5 million (US$124.7 million)...
October 19, 2000 FORT WORTH, Texas – Crescent Real Estate Equities Co. (NYSE:CEI) has named Kenneth S. Moczulski as chief investment officer and president of investments – effective Nov. 1. Moczulski's previous experience includes establishing Transworld Properties Inc....
October 19, 2000HOUSTON – W.P. Carey & Co. LLC (NYSE: WPC) has acquired the 52,200-square-foot corporate headquarters building of U.S. Home Corp. on behalf of Corporate Properties Associates 14 Inc., a REIT it oversees, for about $7.3 million.Under...
October 19, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $18.9$17.4 $56.0 $51.8FFO/shr (diluted) $0.70 $0.65 $2.09 $1.94 Net Income (mln) $3.6$7.1$11.7$16.5Net/shr$0.16 $0.31$0.51 $0.71Revenue (mln)$59.4 $54.3 $177.3 $161.7 Shares Out. (mln)27.0 26.8 26.8 26.7
October 19, 2000 The Mills Corp. has paid $114 million for 46 properties triple net-leased to drugstore chain CVS Corp.On Sept. 22, Mills acquired the first 25 properties from the Wolverine Equity Co. 99J LP, and on Oct....
October 19, 2000 NEWARK, N.J. – Argus Capital Group, a unit of The Prudential Insurance Company of America, has closed a $172 million private equity fund focused on companies in Central and Eastern Europe. Argus said the fund's...
October 19, 2000DALLAS – Trammell Crow Co. (NYSE: TCC) has appointed James R. Groch, 38, as president of e-commerce and corporate development.Groch will join the company's executive committee and will have authority for the company's e-commerce strategy, as...
October 19, 2000 WASHINGTON, D.C. – Freddie Mac (NYSE: FRE) and Fannie Mae (NYSE: FNM) are voluntarily adopting a series of measures that the firms hope will augment their capital bases and expand their periodic public disclosures."It is...
October 19, 2000 SYDNEY, Australia – With a wave of new hotels and the Olympics now over, the Sydney hotel market is expected to undergo transformation with the redevelopment of older hotels on the fringes of the city...
October 19, 2000 JACKSONVILLE, Fla. – Crocker Realty Trust has hired Koger Equity Inc. (NYSE:KE) to manage its 6.1 million-square-foot portfolio of 127 office properties in six southeast states. As a result of the management agreement, Koger Equity...
October 19, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $24.9$24.9$74.7$74.2FFO/shr (diluted) $0.54 $0.54 $1.62 $1.61 Net Income (mln) $15.6$15.8 $47.8 $46.9 Net/shr$0.34 $0.34 $1.03 $1.01 Revenue (mln)$42.9 $41.5 $128.5 $121.7Shares Out. (mln)46.2 46.2 46.2 46.2
October 19, 2000 The comment period ended last week for objections or proposed changes to new underwriter exemptions for the Employee Retirement Income Security Act that would expand the investment possibilities of non-AAA securities for some restricted investors,...
October 18, 2000 Commercial Real Estate DirectThe five hotels that serve as collateral for a $499.6 million commercial mortgage-backed securities deal that Morgan Stanley Dean Witter is launching are among the more upscale properties in Hilton's inventory.According to...
October 18, 2000 PLAYA DEL REY, Calif. – Kennedy-Wilson Inc. (NASDAQ:KWIC) – along with its equity partner, Los Angeles-based Hanover Financial – has bought a 292-unit apartment complex in Playa del Rey, Calif., for $24 million, or about...
October 18, 2000 HOUSTON – Weingarten Realty Investors (NYSE:WRI) has named Lois Robinson as vice president of property management. Robinson joined Weingarten in early September from Hines, where she was vice president of retail operations.In her new position,...
October 18, 2000 DENVER – Archstone Communities (NYSE:ASN) plans to build about 650 apartments in Denver's lower downtown Central Platte Valley as part of the city's redevelopment project. The development, which is expected to cost over $105 million,...
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