November 13, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$8.7 $9.4 $25.2 $27.1 FFO/shr (diluted)$0.73 $0.76 $2.09 $2.18 Net Income $6.2 $7.7 $18.0 $19.7 Net/shr$0.46 $0.57 $1.31 $1.54 Revenue (mln)$23.5 $22.6 $67.6 $62.6 Shares Out. (mln)11,994.7 12,486.8 12.1 12.4

November 13, 2000 NEW HYDE PARK, N.Y. – Kimco Realty Corp. (NYSE:KIM) plans to expand its strategic joint venture, the Kimco Income REIT, with new equity of up to $300 million from Kimco and its institutional partners. The...

November 13, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$37.3 $77.7 $131.7 $194.9 FFO/shr (diluted)$0.26 $0.55 $0.93 $1.36 Net Income $(222.3) $59.4 $(303.1) $118.9 Net/shr$(1.56) $0.42 $(2.14) $0.83 Revenue (mln)$210.6 $235.7 $644.8 $702.7 Shares Out. (mln)142.1 141.1 141.6 143.4

November 13, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99Net Income $(44.5) $8.1 $(36.7) $19.5 Net/shr$(0.71) $0.14 $(0.59) $0.33 Shares Out. (mln)62.4 61.8 62.1 61.2

November 13, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99Extra Gain (Loss)$----- $1.1 $----- $----- Net Income$3.8 $4.6 $948.0 $2.5 Net/shr$0.40 $0.50 $0.10 $0.25 Revenue (mln)$75.9 $62.3 $15.5 $32.5 Shares Out. (mln)10.2 9.5 10.2 10.4

November 13, 2000 Chancellor Park Residences sold for $120 MlnSouth Florida Business Journal, November 13PALM BEACH, Fla. – CareMatrix, the Needham, Mass.-based senior housing developers, has sold its four Chancellor Park assisted living facilities in Florida to Schwartzberg...

November 13, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$83.0 $(5.6) $(1.9) $(3.7) FFO/shr (diluted)$0.03 $(1.25) $(0.64) $(0.81) Net Income $(1.4) $(4.3) $(6.1) $(1.9) Net/shr$(0.59) $(1.96) $(1.56) (1.68) Revenue (mln)$13.4 $8.7 $37.0 $25.5 Shares Out. (mln)2.3 3.9 2.4 3.9

November 13, 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 $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)125.2 134.1 130.5 138.8

November 13, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$30.8 $35.4 $97.4 $103.3 FFO/shr (diluted)$0.26 $0.25 $1.01 $0.71 Extra Gain (Loss) $1.9 $---- $19.0 $---- Net Income $21.0 $22.6 $77.7 $65.6 Net/shr$0.26 $0.25 $1.01 $0.71 Revenue (mln)$71.4 $66.2 $211.9...

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...