July 28, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $9.2 mln$7.9 mln $18.1 mln $15.3 mln FFO/shr (diluted) $0.29$0.27 $0.56 $0.53 Net Income $2.6 mln $3.2 mln $5.1 mln $6.4 mln Net/shr$0.14 $0.17 $0.28 $0.37 Revenue$26.4 mln $19.5 mln...

July 28, 2000 HORSHAM, Pa. – A division of GMAC Commercial Mortgage has arranged $26 million of adjustable-rate interim financing for the 310,586-square-foot Holtze Magnolia Hotel in Dallas.GMAC's Hospitality Division arranged the transaction for the 331 room hotel,...

July 28, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $86.7 mln$80.1 mln $177.6 mln $158.6 mln FFO/shr (diluted) $0.53 $0.49 $1.08 $0.97 Net Income $16.4 mln $37.9 mln $48.2 mln $52.9 mln Net/shr$0.11 $0.23 $0.30 $0.33 Revenue$171 $164.5 $350.6...

July 28, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $35.6 mln$28.6 $64.7 mln $54.1 mln FFO/shr (diluted) $0.91 $0.81 $1.71 $1.52 Net Income $15.8 mln $11.2 mln $26.4 mln $21.0 mln Net/shr$0.73$0.58 $1.24 $1.11 Revenue$94.7 mln $70.5 mln $183.6...

July 28, 2000 By Susanna Potter, Commercial Real Estate Direct Staff WriterA New York-based investment boutique plans to broaden its client services by taking on the role of landlord to small Internet and technology startups.The Avalon Group has...

July 28, 2000 DALLAS – Paul Bagley has resigned as chief executive and chairman of American Realty Trust (NYSE:ARB), ending a short-lived career at the beleaguered REIT.His resignation follows that of Carey Portman, who earlier in the month...

July 28, 2000 (NewsTraders.com) – Salomon Smith Barney analyst Jonathan Litt downgraded TrizecHahn (NYSE:TZH) to "neutral" from "outperform" as a result of ongoing evolution at the company and the reduced visibility of earnings over the next two years."The...

July 28, 2000 (NewsTraders.com) – Charles E. Smith Residential Realty (NYSE:SRW) dipped to "hold" from "accumulate" in Prudential's rating system after analyst Lou Taylor issued a downgrade Friday.The analyst said valuation considerations, along with a four-month delay in...

July 28, 2000 (NewsTraders.com) – Lauding an "exceptional" quarter for real estate investment trusts in general, Morgan Stanley Dean Witter analyst Gregory Whyte said today that despite the 22 percent total return they have delivered this year, REIT...

July 28, 2000 (NewsTraders.com) – First Union Securities analyst Jeffrey Donnelly opened scrutiny on LaSalle Hotel Properties (NYSE:LHO) with a "buy" recommendation and a $16 price objective.Donnelly praised LaSalle's stable of properties, stating that they are positioned in...

July 28, 2000 PALM BEACH GARDENS, Fla. – Correctional Properties Trust (NYSE:CPV) has purchased an interest rate swap, fixing the rate on $45 million of floating-rate debt.The purchase of the swap comes at the same time that the...

July 27, 2000 Army plans $100 million Redstone officesHUNTSVILLE, Ala. – The Army plans to spend more than $100 million over the next eight years to build an office complex at Redstone Arsenal. Construction is scheduled to begin...

July 27, 2000 (NewsTraders.com) -- The real estate investment trust world was mostly spared the wrath of today's bearish mood, as several Wall Street analysts handed out upbeat brokerage comments on a few selected companies.Leading the way, Archstone...

July 27, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $28.1 mln$25.7 mln $55.6 mln $51.0 mln FFO/shr (diluted) $1.05 $0.96 $2.08 $1.90 Net Income $15.0 mln $14.2 mln $29.4 mln $27.7 mln Net/shr$0.56 $0.53 $1.10 $1.03 Revenue$63.6 mln $56.3...

July 27, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99Net Income $1.3 mln $4.0 mln $2.8 mln $7.9 mln Net/shr$0.07 $0.20 $0.14 $0.40 Revenue$12.3 mln $15.9 mln $24.8 mln $31.4 Shares Outstanding19.7 mln 19.7 mln 19.7 mln 19.7 mln

July 27, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $3.5 mln$3.4 mln $7.0 mln $6.8 mln FFO/shr (diluted) $0.49 $0.48 $0.99 $0.96 Net Income $2.1 mln $2.2 mln $4.4 mln $4.4 mln Net/shr$0.30 $0.31 $0.61 $0.62 Revenue$5.7 mln $5.1...

July 27, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99Net Income $34.8 mln $22.1 mln $64.4 mln $40.7 mln Net/shr$0.50 $0.38 $0.94 $0.70 Shares Outstanding70.0 mln 58.8 mln 68.1 mln 57.8 mln

July 27, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $1.6 mln$1.4 mln $2.9 mln$2.7 mln FFO/shr (diluted) $0.21 $0.19$0.40 $0.37 Net Income $2.3 mln $0.02$2.3 mln $0.03 Net/shr$0.48 $0.00 $0.48 $0.01 Shares Outstanding7.4 mln 7.4 mln 7.4 mln 7.5...

July 27, 2000 BOSTON – The Debt Exchange Inc. has hired Paul Weitz as vice president of engineering.Weitz will oversee the development and build out of DebtX.com, the company's soon-to be-launched mortgage trading Web site.Weitz was most recently...

July 27, 2000 BETHESDA, Md. – GE Capital Real Estate has provided $74.5 million in fixed-rate loans to LaSalle Hotel Properties (NYSE:LHO).The three individual 10-year secured loans bear a fixed interest rate of 8.08 percent. The hotel REIT...

July 27, 2000 NEWTON, Mass. – Senior Housing Properties Trust (NYSE:SNH) has agreed to sell four independent living properties to Brookdale Living Communities Inc. (Nasdaq:BLCI), which operates the facilities, for $123 million.Senior Housing acquired the properties in December...

July 27, 2000 NEW YORK – Standard & Poor's has added the following companies to the August 2000 edition of its Approved Commercial Loan Servicer List. – Bankers Mutual is now an approved Commercial Loan Servicer – Chase...

July 27, 2000 Go To Initial Price Talk Table.Credit Suisse First Boston Mortgage Securities Corp., 2000-C1ClassAmount($mln)Sub. Level(%)RatingS&PRatingFitchAvg.LifePriced(BP)BnchMarkA-1184.222.5AAAAAA5+301 mo. LiborA-2677.522.5AAAAAA10+391 mo. LiborB50.118AAAA9.7+551 mo. LiborC44.514AA9+701 mo. LiborD15.312.63A-A-9+821 mo. LiborE29.110BBBBBB9+240Treas.F13.98.76BBB-BBB-9+265Treas.X*1.1 BlnNAAAAAAA--+340Treas.* Interest only strip.

July 27, 2000 MALVERN, Pa. – An affiliate of Liberty Property Trust (NYSE:LRY) has issued $200 million of 10-year unsecured notes. The 8.5 percent notes, due Aug. 1, 2010, were priced at 99.334 to yield 8.588 percent. They...

July 27, 2000 ATLANTA – Gables Residential (NYSE:GBP) has sold two apartment communities in Texas for a total of $41 million to separate buyers, who intend to convert the communities to condominiums. Gables Residential developed the 126-unit Gables...