November 13, 2000 Go To Fitch's Presale Report.Go To S&P's Presale Report.First Union National Bank Commercial Mortgage Trust 2000-C2ClassAmount($mln)Sub. Level(%)RatingFitchRatingS&PAvg.LifePriceTalk(BP)BenchMarkA-1187.423.5AAAAAA5.8+28 areaSwapsA-2686.823.5AAAAAA9.7+40 areaSwapsB55.718.625AAAA9.9+55 areaSwapsC42.814.875AA9.9+70 areaSwapsD17.113.375A-A-9.9+80 areaSwapsE18.611.75BBB+BBB+9.9+110 areaSwapsF17.110.25BBBBBB9.9+120 areaSwapsG14.3.59BBB-BBB-9.9+160 areaSwapsX*1,1430AAAAAA9.15+350**Treas.* Interest only, notional amount.** At 100 percent CPR. Classes H,...

November 13, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$4.0 $4.2 $12.4 $12.6 FFO/shr (diluted)$2.43 $2.40 $7.29 $7.17 Net Income $.66 $1.2 $2.6 $3.6 Net/shr$0.40 $0.70 $1.55 $2.07 Revenue (mln)$17.2 $15.1 $49.5 $44.0 Shares Out. (mln)1.6 1.7 1.7 1.7

November 13, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$12.1 $9.6 $33.6 $28.5 FFO/shr (diluted)$0.82 $0.72 $2.34 $2.09 Net Income $5.6 $4.9 $15.9 $15.8 Net/shr$0.38 $0.36 $1.10 $1.16 Revenue (mln)$28.5 $22.4 $77.3 $63.0 Shares Out. (mln)14.8 13.9 14.4 13.6

November 13, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorRidge Realty Group has purchased 48 acres in Ontario, Calif., where it plans to develop a 1.1 million-square-foot speculative industrial project.Ridge principal Dennis Rice declined to disclose...

November 13, 2000 VANCOUVER – Amica Mature Lifestyles Inc. (TSE:ACC) has sold one of its senior housing complexes and is looking for joint venture partners to invest in the other properties it owns.An unidentified local apartment owner has...

November 13, 2000FFCA Secured Lending Corp., Series 2000-1ClassSub. Level(%)RatingFitchAvg.LifePriceTalk (BP)BnchMarkA-1*20.5AAA5.7+55-60SwapsA-2*20.5AAA14.6+95-100SwapsB16.5AA-18.4+255-265Treas.C13A-18.9+285-295Treas.D10.50BBB19.3+335-345Treas.E9.25BBB-NA+375 areaTreas.IONAAAANANATreas.* Insured by MBIA Insurance Corp.

November 12, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$9.9 $9.7 $34.4 $28.5 FFO/shr (diluted)$0.67 $0.66 $2.31 $1.95 Net Income $6.2 $5.1 $27.6 $15.9 Net/shr$0.36 $0.37 $1.30 $1.08 Revenue (mln)$23.7 $22.2 $75.6 $66.0 Shares Out. (mln)13.4 13.3 13.4 13.3

November 12, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$14.2 $14.1 $40.9 $39.6 FFO/shr (diluted)$0.68 $0.66 $1.95 $1.85 Extra Gain (Loss) $(2.7) $(.83) $(3.4) $(1.2) Net Income $5.3 $3.4 $10.1 $8.2 Net/shr$0.68 $0.66 $1.95 $1.85 Revenue (mln)$31.3 $27.7 $86.8...

November 12, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$4.5 $8.8 $18.5 $25.3 FFO/shr (diluted)$0.13 $0.26 $0.53 $0.74 Net Income $(4.4) $2.5 $(9.1) $7.6 Net/shr$(0.15) $0.07 $(0.32) $0.22 Revenue (mln)$21.7 $20.8 $66.9 $61.1 Shares Out. (mln)31.1 34.4 30.9 34.5

November 11, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$22.2 $20.9 $60.8 $58.6 FFO/shr (diluted)$0.75 $0.72 $2.06 $2.01 Net Income $14.8 $14.0 $39.4 $37.0 Net/shr$0.42 $0.41 $1.11 $1.04 Revenue (mln)$48.1 $44.7 $145.8 $129.5 Shares Out. (mln)29.8 29.2 29.5 29.1

November 11, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$192.5 $168.0 $543.1 $496.5 FFO/shr (diluted)$0.80 $0.70 $2.25 $2.08 Net Income $51.2 $51.2 $138.9 $143.8 Net/shr$0.25 $0.24 $0.69 $0.68 Revenue (mln)$493.9 $471.2 $1,459.4 $1,371.3 Shares Out. (mln)172.8 173.5 173.2 172.0

November 10, 2000 NEW YORK – Fitch is upgrading GMAC Commercial Mortgage's master servicer rating to CMS2 from CMS3 and primary servicer to CPS2 from CPS3.Fitch said the upgrades were due to technological enhancements GMAC has made to...

November 10, 2000 Post Properties Inc. (NYSE:PPS) has sold two apartment communities in Nashville, Tenn., to a life insurance company.Principal Life Insurance Co. of Des Moines, Iowa, has bought Post Hillsboro Village and Post Green Hills, which together...

November 10, 2000Mack-Cali Realty Corp. (NYSE:CLI), which recently nixed its plan to acquire Prentiss Properties Trust, is launching a massive disposition effort that the firm says will result in the sale of about $600 million of real estate...

November 10, 2000 DALLAS – Bank of America has agreed to provide U.S. Restaurant Properties Inc. (NYSE:USV) a $175 million secured bridge facility The floating-rate loan is expected to be securitized, either on a stand alone basis, or...

November 10, 2000 MIAMI – Telecommunications giant Terremark Worldwide Inc. (AMEX:TWW) has secured $109 million in partnership equity and construction financing to complete Technology Center of the Americas, a state-of-the-art telecom hotel Terremark is developing in Miami.Ocean Bank,...

November 10, 2000 (NewsTraders.com) – Kimco Realty Corp.(NYSE:KIM) senior executive vice president Joseph Kornwasser plans to sell 140,000 common shares of the REIT, according to a Form 144 document released Nov. 9 by the SEC.Kornwasser, also a company...

November 10, 2000 NEWPORT BEACH, Calif. – Shareholders of Pacific Gulf Properties (NYSE:PAG) have approved the REIT's plan of liquidation.The REIT is expected to sell its 67 industrial properties to CalWest Industrial Properties for $857 million.CalWest is a...

November 10, 2000Demand stays high for office buildingsAtlanta Journal-Constitution, November 10ATLANTA – Pension funds and institutional investors are being careful when considering buying office properties in metro Atlanta, said Dick Bryant, managing director of Advantis, a Buckhead-based real...

November 10, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$75.0 $57.2 $232.2 $254.5 FFO/shr (diluted)$0.60 $0.43 $1.78$1.83 Net Income (mln) $78.2 $(105.7) $155.8 $(25.5) Net/shr$0.70 $(0.88) $1.34 $(0.21) Revenue (mln)$177.1 $185.5 $528.2$563.7 Shares Out. (mln)111.1 121.3 116.5 125.9

November 10, 2000 NEW YORK – Developers Aby Rosen and Michael Fuchs of RFR Holdings, along with partner Trevor Davis, are said to be planning an exclusive, upscale hotel at 60 East 55th St., according to an article...

November 10, 2000 SAN DIEGO – Shareholders of Pan Pacific Retail Properties Inc. (NYSE:PNP) and Western Properties Trust (AMEX:WIR) have approved the plan for Pan Pacific to acquire Western Properties. The companies, which agreed to the merger in...

November 10, 2000 Downtown space becomes scarceVancouver Sun, November 10VACOUVER – With little new construction in sight, insatiable demand for downtown office space will result in record absorption by year end, when the vacancy rate is expected to...

November 10, 2000 Commercial Real Estate Direct Staff ReportGMAC Commercial Mortgage is said to be working on putting together a wide-ranging analytical product for the commercial mortgage industry.Few specific details of the system, Realpoint, are known.GMAC, which is...

November 10, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorPacifica Hosts Inc. has paid $20 million, or $33,840/unit for the 591-room Wyndham Los Angeles Airport hotel.The seller, Almo Hotel Co., had seen two previous deals fail...