October 26, 1999MALVERN, Pa. – Liberty Property Trust (NYSE: LRY) has authorized a share repurchase program for up to $100 million of Liberty's common shares or exchangeable subordinated debentures.Any repurchase would be executed from time to time at...

October 26, 1999 Equity Resources acquires Memphis apartments for $26 MlnBirmingham Business Journal, October 26BIRMINGHAM, Ala. – Birmingham-based Equity Resources, a commercial real estate development company, has paid $26 million for a Lincoln at Wolfchase, a 408-unit apartment...

October 26, 1999 CHICAGO – AMLI Residential Properties Trust (NYSE:AML) has partnered with a private investment group to purchase AMLI at Oak Bend (formerly Jefferson at Oak Bend), a 426-unit apartment community in Lewisville, Texas – a suburb...

October 26, 1999 SAO PAULO, Brazil – Brazil Realty SA is targeting small individual investors with a new investment vehicle called REIT Brazil. This fund, launched by Brazil Realty adapts Real Estate Investment Trusts (REITS) to the fast-growing...

October 26, 1999 Washington REIT (NYSE:WRE) has filed Form 8-K with the SEC.

October 26, 1999 NEW YORK – Kennedy-Wilson Inc. (NASDAQ:KWIC) has started marketing the Pine Forest Country Club and the Crowfield Golf and Country Club, a pair of 18-hole championship golf courses near Charleston, S.C.The Beverly Hills, Calif., real...

October 26, 1999 LOS ANGELES – Imperial Credit Commercial Mortgage Investment Corp. (Nasdaq: ICMI) said the merger consideration has increased with regard to its merger deal with Imperial Credit Industries Inc. (Nasdaq: ICII) has increased.The increase, from $11.50...

October 26, 1999 We expect most REITs (Real Estate Investment Trusts) and REOCs (Real Estate Operating Companies) in our 55 company-research-coverage area to post modestly positive results for the third-quarter 1999 earnings season.We are projecting an average-annual funds...

October 26, 1999 ATLANTA – Chastain Capital Corp. (NASDAQ:CHAS), a commercial mortgage REIT affiliated with Lend Lease Real Estate Investments, said it expects to sell its remaining assets by the end of next March. The REIT had $69.1...

October 26, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO$42.6 mln$39.8 mln$127.2 mln$106.2 mlnFFO/shr (diluted)$0.65$0.61$1.94$1.75Net Income$23.9 mln$25.6 mln$73.0$65.4 mlnNet/shr (diluted)$0.38$0.41$1.16$1.14Revenue$87.5 mln$77.4 mln$250.9 mln$204.8 mlnShrs outst.65.6 mln65.5 mln65.6 mln60.8 mln

October 26, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $14 mln$11.9 mln $35.6 mln$31 mln FFO/shr (diluted) $0.76 $0.65 $1.92 $1.69 Net Income $6.2 mln $5.3 mln$14 mln$15.2 mln Net/shr$0.40 $0.35$0.91 $1.01 Revenue$23.6 mln $19.8 mln $60.4 mln $47.6...

October 25, 1999 Reckson Associates Realty Corp. (NYSE:RA) has filed a Form 8-K with the SEC. The filing details purchase and sales agreements of recent transactions.

October 25, 1999 WASHINGTON – National Association of Real Estate Investment Trusts has re-elected Samuel Zell as chairman. Zell, chairman of Equity Office Properties Trust, Equity Residential Properties Trust and Manufactured Housing Communities, was re-elected to his NAREIT...

October 25, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO$72.1 mln$68.6 mln$213.7 mln$155.9 mlnFFO/shr (diluted)$0.50$0.46$1.46$1.33Net Income$71.3 mln$57.7 mln$170.9 mln $130.5 mlnNet/shr$0.46$0.36$1.11$1.04Revenue$168.8 mln$158.5 mln$493.3 mln$351.4 mlnShrs outst.145.5 mln150.6 mln146.6 mln117.5 mln

October 25, 1999 BIRMINGHAM, Ala. – Colonial Properties Trust (NYSE:CLP) said its board has authorized the repurchase of up to $50 million of its common shares. Some of the shares that are bought will be reserved for re-issuance...

October 25, 1999 LOS ANGELES – The Bentley Forbes Group LLC paid $13 million, or $35/sf, for an office/industrial property in Princeton, Ind.Bentley Forbes is leasing the property back to its seller, Distribution Services Ltd., under a triple-net...

October 25, 1999 NEW YORK – SL Green Realty Corp. (NYSE:SLG) has exercised its right to buy the remaining 35 percent interest in the BMW Building at 555 West 57th Street in Midtown Manhattan for $34.1 million.When the...

October 25, 1999 H&R REIT (TORONTO:HR_u.TO) provided C$35 million ($23.7 million) of mezzanine financing for a 465,000-square-foot office complex that is being developed in Toronto. The property, which will cost $110 million to build, will be occupied by...

October 25, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO$27.1 mln$24.4 mln$78.0 mln$71.8 mlnFFO/shr (diluted)$1.01/shr$0.91/shr$2.91/shr$2.68/shrNet Income$14.6 mln$14.3 mln$42.3 mln$40.3 mlnNet/shr$0.54/shr$0.53/shr$1.57/shr$1.50/shrRevenue$58.4 mln$50.0 mln$169.5 mln$145.7 mlnShrs outst.26.9 mln26.8 mln26.9 mln26.8 mln

October 25, 1999 By Dan Whipple, VertiNews.com CorrespondentDENVER – Three cities situated on the I-25 corridor north of Denver are positioned to be the commercial real estate growth engines of the next 25 years, according to Larry Kendall...

October 25, 1999 Home Properties of New York Inc. (NYSE:HME) has filed a Form S-8 (Registration Statement) with the SEC.

October 25, 1999 Trinet Corporate Realty Trust Inc. (NYSE:TRI) has filed a Form DEFA14A (Definitive Proxy Statement) with the SEC.

October 25, 1999 Starwood Financial Trust (AMEX:APT) has filed a Form DEFA14A (Definitive Proxy Statement) with the SEC.

October 25, 1999 Franklin Select Realty Trust (AMEX:FSN) has filed a Form 8-K (Current Report) with the SEC.

October 25, 1999 Wellington Properties Trust (NasdaqSC:WLPT) has filed a Form SB-2/A (Amended Registration Statement for Small Business Issuers) with the SEC.