RECENT NEWS
First Union Files Form 4
November 12, 1999 First Union Real Estate Equity & Mortgage Investments (NYSE: FUR) has filed a Form 4 (Statement of Changes of Beneficial Ownership) with the SEC.
Burnham Pacific Hires Goldman to Explore Strategic Alternatives
November 12, 1999 SAN DIEGO – Burnham Pacific Properties Inc. (NYSE:BPP) said it has hired Goldman Sachs & Co. to explore a full range of strategic alternatives.During the summer, Burnham Pacific has rejected a $1.2 billion unsolicited acquisition...
Starwood Financial 3rd-Qtr FFO $0.50/shr vs $0.41/shr
November 12, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $27.5 mln$22.3 mln $78.1 mln $39.9 mln FFO/shr (diluted) $0.50 $0.41 $1.39 $1.01 Net Income $26 mln $20.9 mln $73.5 mln $36.9 mln Net/shr$0.47 $0.38 $1.31 $0.94 Revenue$60.6 mln $42.1...
Chelsea GCA Files 10-Q
November 12, 1999 Chelsea GCA Realty Inc. (NYSE: CCG) has filed a Form 10-Q (Quarterly Report) with the SEC.
American Residential Files 10-Q
November 12, 1999American Residential Investment Trust Inc. (NYSE:INV) has filed Form 10-Q with the SEC.
Corporate Property Buys, Leases Maryland Office Building
November 12, 1999 NEW YORK – Corporate Property Associates 14 paid $26.3 million for a 154,000-square-foot office building in Columbia, Md.The building was acquired from Amerix Corp., which will lease it as its headquarters. Corporate Property is a...
Capital Automotive Files 10-Q
November 12, 1999 Capital Automotive REIT (NYSE: CARS) has filed a Form 10-Q (Quarterly Report) with the SEC.
Burnham Pacific in Talks to Replace $205 Mln Credit Line
November 12, 1999 Burnham Pacific Properties (NYSE:BPP) is negotiating to replace a $205 million credit line it has with Nomura Asset Capital Corp.The REIT said it is in talks with an institutional lender, but the facility might not...
Pennsylvania REIT 3rd-Qtr FFO $0.66/shr vs $0.65/shr
November 12, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $9.7 mln$9.2 mln $28.5 mln $24.6 mln FFO/shr (diluted) $0.66 $0.65 $1.95 $1.76 Net Income $5.1 mln $7 mln $15.9 mln$17.8 mlnNet/shr$0.38 $0.53 $1.19 $1.34 Revenue$22.2 mln $14.9 mln $66...
Hartford Office Building Sells for $113/sf
November 12, 1999 HARTFORD, Conn. – Northland Investment Corp. paid about $33 million, or $113/sf, for CityPlace II, an 18-story office building in Hartford, Conn.The 292,000-square-foot building, at 185 Asylum Street, is 90 percent leased. It was sold...
Roberts Realty Investors Files 10-Q
November 12, 1999 Roberts Realty Investors Inc. (AMEX:RPI) has filed a Form 10-Q with the SEC.
Reckson Associates Files 10-Q
November 12, 1999 Reckson Associates Realty (NYSE:RA) has filed Form 10-Q with the SEC.
Alexanders Files 10-Q
November 12, 1999 Alexanders Inc. (NYSE: ALX) has filed a Form 10-Q (Quarterly Report) with the SEC.
Sovran Self Storage Files 10-Q
November 12, 1999 Sovran Self Storage Inc. (NYSE: SSS) has filed a Form 10-Q (Quarterly Report) with the SEC.
Burnham Pacific Properties 3rd-Qtr FFO $0.28/shr vs $0.34/shr
November 12, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $8.9 mln$14.1 mln $39.7 mln $38.7 mln FFO/shr (diluted) $0.28 $0.34 $0.95 $1.01 Net Income $9.1 mln $4.3 mln $11.8 mln $11.5 mln Net/shr$0.28$0.13 $0.37 $0.39 Revenue$31.6 mln $34.5 mln...
Vornado Files 10-Q
November 12, 1999 Vornado Realty Trust (NYSE: VNO) has filed a Form 10-Q (Quarterly Report) with the SEC.
Chas. E. Smith Files 10-Q
November 12, 1999 Charles E. Smith Residential Realty (NYSE: SRW) has filed a Form 10-Q (QuarterlyReport) with the SEC.
CV REIT Files 10-Q
November 12, 1999 CV REIT Inc. (NYSE:CVI) has filed a Form 10-Q with the SEC.
Koger Equity Inc. 3rd-Qtr FFO $0.57/shr vs $0.52/shr
November 11, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $16 mln$14.2 mln $48.3 mln $41.8 mln FFO/shr (diluted) $0.57 $0.52 $1.73 $1.55 Net Income $11.5 mln $7.7 mln $28.4 mln $22.4 mln Net/shr$0.43 $0.29 $1.05 $0.83 Revenue$40.5 mln $35.3...
Perini Corp. 3rd-Qtr Net $0.53/shr vs $0.42/shr
November 11, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98Net Income (Loss) $4.6 mln $3.7 mln ($88.3 mln) $9.1 mln Net/shr$0.53 $0.42 ($16.65) $0.88 Revenue$244.9 mln $247.7 mln $776.2 mln$740.7 mlnShrs outst.5.7 mln 5.4 mln 5.6 mln 5.3 mln
Wellsford Real Properties 3rd-Qtr FFO $0.21/shr vs $0.24/shr
November 11, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $4.3 mln$4.8 mln $14.2 mln $11.2 mln FFO/shr (diluted) $0.21$0.24 $0.68 $0.55 Net Income $2.2 mln $3 mln $7.2 mln $6.7 mln Net/shr$0.11$0.15 $0.35 $0.33 Revenue$6.9 mln $6.4 mln $23.4...
Avatar Holdings Inc. 3rd-Qtr Loss Unchanged at $0.60/shr
November 11, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98Extra Gain (Loss) – – – ($2.3 mln) Net Income (Loss) $5.5 mln $5.6 mln $91.9 mln($14.9 mln) Net/shr($0.60) ($0.60) $10.02 ($1.62)Revenue$34.7 mln$21.7 mln $141.7 mln $74 mln
DLJ $428.5 Mln Floating-Rate Deal Being Launched
November 11, 1999 By Thomas J. Walsh, VertiNews.com Senior Writer Donaldson, Lufkin & Jenrette is launching a $428.5 million floating-rate commercial mortgage-backed securities deal.Almost all of the loans in the deal were originated by DLJ's Column Financial lending...
FINAL PRICING: NationsLink Funding Corp., Series 1999-2
November 11, 1999 Go To Revised Price Talk in the VertiNews.com ArchiveNationsLink Funding Corp., Commercial Mortgage Pass-Through Certificates Series 1999-2Class*Amount ($mln)Sub. Level (%)Rating S&PRating Duff & PhelpsRating Fitch IBCAAvg. LifeSpread (BP)BnchMarkA-284.627.17AAAAAAAAA3.15 +116Treas.A-323227.17AAAAAAAAA5.7+130Treas.A-4110.527.17AAAAAAAAA8.07+135Treas.A-1C10427.17AAAAAAAAA5.5+109Treas.A-2C11427.17AAAAAAAAA8.59+127.5Treas.B56.122.14AAAAAA8.9+153Treas.C44.918.11AAA9.05+178Treas.D67.312.07BBBBBBBBB9.14+240Treas.X**1,115N/AAAArAAAAAA6.29 -- Treas.* Class A-1 tranche, at...
Mid-America Sells Florida Apartment Community for $31 Mln
November 11, 1999 MEMPHIS, Tenn. – Mid-America Apartment Communities (NYSE:MAA) has sold the 798-unit Sailwinds at Lake Magdalene community in Tampa, Fla., for $31.1 million. The $38,972/unit price represents a 7.9 percent capitalization rate, based on trailing net...
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