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

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 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 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 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) $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 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 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, 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...

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, 2001 ATLANTA - Cousins Properties Inc. (NYSE:CUZ)has decided to repurchase up to 2 million shares of common stock before Jan. 1, 2003.The company can repurchase the stock in open market transactions and in negotiated and block...

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 (NewsTraders.com) – Apartment Investment and Management Co.'s (NYSE:AIV) stock was downgraded Wednesday from accumulate to intermediate-term neutral by a Merrill Lynch analyst because of the chief operating officer's departure.Steve Sakwa said Tom Toomey's exit "cannot...

February 7, 2001 KAHULUI, Hawaii – A&B Properties Inc., a subsidiary of Alexander & Baldwin Inc. (NYSE:ALEX), plans to develop a $13 million, four-story hotel with up to 140 rooms on the island of Maui.Haleakala Highway and Keolani...

February 7, 2001NEW YORK – Fitch has upgraded four classes of J.P. Morgan Commercial Mortgage Finance Corp., 1995-C1 as a result of the prepayment of the largest loan in the collateral pool.The rating agency had previously downgraded the...

February 7, 2001 INDIANAPOLIS – Forrest Robinson has resigned as regional executive vice president of Duke-Weeks Realty Corp.'s (NYSE:DRE) Florida division to pursue other opportunities. Rich Horn, president of Duke-Weeks, will temporarily take over Robinson's duties.Robinson joined the...

February 7, 2001 Commercial Real Estate DirectAs expected, the year's first commercial mortgage-backed securities conduit transaction, Morgan Stanley Dean Witter Capital I Trust, Series 2001-TOP1, has officially come to market.The $1.2 billion transaction is backed by 161 loans...