October 20, 2000 Yesterday was a busy day for the press departments of both Lodgian Inc. and Edgecliff Holdings, an investment group headed by William Yung.Hotel owner and operator Lodgian issued a press release around 1 a.m. Thursday...

October 20, 2000 JACKSON, Miss. – Parkway Properties Inc. (NYSE:PKY) and Southeast OfficeInvest LLC, an affiliate of Investcorp International Inc., have formed a joint venture to acquire up to $100 million of office properties in the Southeast and...

October 20, 2000 ARLINGTON HEIGHTS, Ill. – Amerihost Properties Inc. (Nasdaq:HOST) is changing its name to Arlington Hospitality Inc. The REIT is changing its name because of the sale last month of its AmeriHost Inn hotel brand name...

October 20, 2000 CHICAGO – Banyan Strategic Realty Trust (Nasdaq:BSRTS) has filed a lawsuit against suspended president Leonard G. Levine, alleging violations of his fiduciary duty of loyalty.The REIT claims that it has had "just cause" to terminate...

October 20, 2000 LAS VEGAS – Ameristar Casinos Inc. has acquired the Station Casinos Inc. properties in Kansas City, Mo., and St. Charles, Mo., for $475 million in cash. The Kansas City property consists of 140,000 square feet...

October 20, 2000 MILWAUKEE – Wisconsin Energy Corp. (NYSE:WEC) has sold a large chunk of the assets of Wispark Corp., the firm's non-utility real estate development company, to Interstate Partners LLC for an undisclosed sum.The transaction is the...

October 20, 2000 Developer proposes 'urban village' projectAtlanta Journal-Constitution, October 20ATLANTA – Altamaha Development Co. plans to develop 750 apartments and condos, 205,000 square feet of office and 50,000 sf of retail space on 11.4 acres at the...

October 19, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $18.8$21.5 $53.9 $52.0 FFO/shr (diluted) $0.86 $0.99 $2.46 $2.47 Net Income (mln) $12.1$13.6$32.0 $29.9Net/shr$0.57 $0.66 $1.52 $1.45 Revenue (mln)$41.9$40.0 $119.7 $105.7 Shares Out. (mln)21.9 21.8 21.9 21.0

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 (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, 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 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 – 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 Morgan Stanley Dean Witter Capital I Trust 2000-LIFE2ClassAmount($mln)Sub. Level(%)RatingFitchRatingMoody'sAvg.LifePriceTalk(BP)PricedBenchmarkA-115916.5AAAAaa5.7+26 area+26SwapsA-248016.5AAAAaa9.3+37 area+40SwapsB22.9613.5AAAa29.9+52 area+55SwapsC24.910.25AA29.9+67 area+70SwapsD6.99.35A-A39.9+77 area+82SwapsE18.756.9BBBBaa29.9+225 area+225Treas.F*7.655.9BBB-Baa39.9+265 area+260Treas.G*3.065.5BBB-NRNANANATreas.X**765.3--AAAAaaNANANATreas.* Privately placed.** Interest only, notional amount.

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 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 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, 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, 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 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, 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...