July 20, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $7.4 mln$6.9 mln $15.3 mln $14.2 mln FFO/shr (diluted) $0.61 $0.57 $1.26 $1.17 Net Income $4.1 mln $1.7 mln $5.3 mln $3.6 mln Net/shr$0.54 $0.23 $0.73 $0.50 Revenue$24.6 mln $20.8...

July 20, 2000 CNL Funding 2000-A, LP; Triple Net Lease Mortgage Bonds (Banc of America Securities)ClassAmount($mln)Sub. Level(%)RatingMoody'sRatingFitchRatingS&PAvg.LifePriceTalkPriced(BP)BnchMarkA-1103.79AaaAAAAAA5.5+54-59+50SwapA-2177.29AaaAAAAAA12.9+80-85+80SwapB4.637.5Ba2NRNR16.88----SwapC10.84B2NRNR17.3----SwapD12.340.00NRNRNR18.25----SwapNote: Classes B, C and D were comprised of non-offered certificates. CNL APF Partners retained these junior class bonds.

July 20, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $17.9 mln$13.9 mln $35.1 mln $30.5 mln FFO/shr (diluted) $0.82 $0.67 $1.61 $1.48 Extra Gain (Loss) $5.2 mln $ -- $8.1 mln $0.4 Net Income $10.6 mln $5.7 mln $19.9...

July 20, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $18.6 mln$17.1 mln $37.1 mln $34.4 mln FFO/shr (diluted) $0.70 $0.64 $1.39 $1.29 Net Income $3.7 mln $4.3 mln $8.0 mln $9.4 mln Net/shr$0.16 $0.18 $0.34 $0.39 Revenue$58.5 mln $53.3...

July 20, 2000 (NewsTraders.com) – Prudential Securities analyst Lou Taylor dropped AvalonBay Communities Inc. (NYSE:AVB) to "accumulate" from "strong buy," based on the REIT's valuation and what he sees as slower growth over the next four quarters.The analyst...

July 20, 2000 Jones Lang LaSalle has hired Alan Tantleff from Granite Partners, continuing the expansion of its hotel operation.Tantleff, a senior vice president, is based in New York. He is charged with increasing Jones Lang's institutional client...

July 20, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99Net Income $15.0 mln $36.5 mln $27.9 mln $81.8 mln Net/shr$0.17 $0.41 $0.32 $0.91 Revenue$157.2 mln $108.5 mln $303.5 mln $181.0 mln Shares Outstanding86.9 mln 89.1 mln 86.7 mln 89.2 mln

July 20, 2000 (NewsTraders.com) – William Yung, at the head of a group of investors that includes Edgecliff Management LLC and Casuarina Cayman Holdings Ltd., revealed today that he has filed suit to compel hotel owner Lodgian Inc....

July 19, 2000 REIT to buy G-P's Timber Co.Atlanta Journal-Constitution, July 19ATLANTA – Plum Creek Timber Co., a real estate investment trust, plans to buy Georgia Pacific's Timber Co. for about $4 billion or $800 an acre. The...

July 19, 2000The Massachusetts Pension Reserves Investment Management Board has switched real estate advisers. According to the Boston Globe, the board replaced Lend Lease Real Estate Investments with J.P. Morgan Investment Management and TA Associates. Each was assigned...

July 19, 2000Irvine Cos. has agreed to pay more than $350 million, or nearly $500/sf, for Fox Plaza in Los Angeles' Century City section.According to the Wall Street Journal, the sale would give investor Marvin Davis a tidy...

July 19, 2000CHICAGO – Jones Lang LaSalle Inc. (NYSE:JLL) has finished pricing the 165 million euro ($157 million) offering of 9 percent senior notes due 2007 to foreign investors. The proposed sale, announced earlier this month, is scheduled...

July 19, 2000 HORSHAM, Pa. – A unit of GMAC Commercial Mortgage has provided $11.5 million of fixed-rate financing for a hotel in Emeryville, Calif.The Sheraton Four Points hotel, owned by the Emeryville Hotel Development Venture, sits on...

July 19, 2000 BEVERLY HILLS, Calif. – Kennedy-Wilson Inc. (Nasdaq:KWIC) plans to buy back up to 1 million shares of its common stock, which equals about 10 percent of the company's shares outstanding.

July 19, 2000(NewsTraders.com) – CIBC World Markets began covering 16 REITs today, expressing bullishness regarding the REIT industry and projecting 15 percent to 20 percent in total returns over the next 12 to 18 months."From a fundamental standpoint,...

July 19, 2000 A venture between Concorde Realty Partners LLC and an institutional investor has put Pine Ridge Square, a 117,438-square-foot shopping center in affluent Coral Springs, Fla., up for sale.The property is expected to sell for about...

July 19, 2000 NEW YORK – Standard & Poor's has assigned preliminary ratings to Chelsea GCA Realty Inc. (NYSE:CCG) and Chelsea GCA Realty Partnership LP's equity and debt shelf registrations. The company's $300 million equity shelf registration is...

July 19, 2000 MIAMI – Petroleum Realty Investment Partners, which formed a partnership with Lehman Brothers to finance the purchase of gas station properties, provided $33 million of financing to USA Grocers for its acquisition of 41 gas...

July 19, 2000 LOS ANGELES – Countrywide Home Loans has signed a 10-year lease for 140,000 square feet at West Hills Corporate Village, a former Hughes Aircraft Co. facility.The lease is valued at $34 million and brings West...

July 19, 2000 NEW YORK – W.P. Carey & Co. LLC (NYSE:WPC) paid $8.4 million for the main office and warehouse facility of Langeveld International Inc., which is leasing the property back.The property was acquired on behalf of...

July 19, 2000 By Orest Mandzy, Commercial Real Estate Direct Managing EditorRockwood Realty Associates of New York and Lehman Brothers were hired to market One Park Avenue, a 906,000-square-foot office building in Midtown Manhattan.The building is owned by...

July 18, 2000 NASHVILLE – In its largest acquisition to date, Medical Properties of America has added a second healthcare property to its portfolio within the Atlanta area. The company has completed the $18.9 million acquisition of a...

July 18, 2000 Demand for office space surgesThe Vancouver Sun, July 18VANCOUVER (British Columbia) – According to Colliers International mid-year survey, the vacancy rate for office space in Great Vancouver has dropped to 5.7 percent, due to a...

July 18, 2000 INDIANAPOLIS – Keystone Property Trust (AMEX: KTR) has broken ground on an 800,000-square-foot speculative distribution facility at Airtech Park, in Plainfield, Ind.The project, scheduled to be available for occupancy in December, is expandable to 1.3...

July 18, 2000 William C. Morris, as majority owner of J. & W. Seligman & Co. Inc., has taken a 10.1 percent interest in Correctional Properties Trust.Morris now controls 721,043 shares of the REIT, according to an amended...