October 21, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 99Funds from Operations$10.1 mln$9.2 mln$30.4$25.5FFO/shr41 cents38 cents$1.21$1.08Net income$6.4 mln$4.1 mln$15.6 mln$11.6 mlnNet/shr32 cents20 cents79 cents58 centsRevenue$19.2 mln$17.2 mln$57.3 mln$46.1 mln

October 21, 1999 CHICAGO – Brookdale Living Communities Inc. (NASDAQ:BLCI) has signed a definitive purchase agreement for The Benchmark of Hoffman Estates, a 289 unit independent living community in Hoffman Estates, Ill. The Benchmark is an eight-story, 255,000-square-foot...

October 21, 1999 A lawsuit over the ownership of the Empire State Building has been settled, according to a report in the Kyodo News. The suit was filed by Japanese billionaire Hideki Yokoi, now deceased, against his daughter....

October 21, 1999Summit victorious in bitter battle for rival AvistaThe Globe and Mail, Oct. 21TORONTO – Real estate investment trust Summit emerged as the winning bidder Wednesday for rival Avista, concluding one of the most bitter takeover battles...

October 21, 1999 NEW YORK – Lexington Corporate Properties Trust (NYSE:LXP) will issue 289,000 of its common shares, at a price $13.50/share, to buy a private corporation that owns the rights to acquire, as part of tax-free exchanges,...

October 21, 1999City may zone more commercial propertyBradenton Herald, Oct. 21BRADENTON, Fla – The Bradenton Planning Commission on Wednesday recommended approval of amendments to the city's comprehensive plan. The most significant change will allow future commercial development along...

October 21, 1999 FARMINGTON HILLS, Mich. – Sun Communities Inc. (NYSE:SUI) reported third-quarter funds from operations of $15.3 million or 75 cents/share on a diluted basis compared to $13.5 million or 69 cents/share for the same period last...

October 21, 1999CLEVELAND – Associated Estates Realty Corp. (NYSE:AEC) is launching a cash tender offer for all of its outstanding unsecured debt. The REIT has $177.5 million of senior and medim-term notes. Associated will fund the tender offer...

October 21, 1999Dynex Capital Inc. (NYSE: DX) has filed a Form SC 13D (General Statement of Beneficial Ownership) with the SEC.

October 21, 1999 SASCO Floating Rate Commercial Mortgage Trust 1999-C3ClassAmount($mln)Sub. Level(%)RatingMoody'sRatingFitchAvg.LifeSpread(BP)BnchMarkA783.861AaaAAA1.56+401 mo. LiborB120.655Aa1AA+1.79+601 mo. LiborC80.451Aa2AA1.95+701 mo. LiborD70.347.5Aa3AA--+851 mo. LiborE75.443.75A1A+-+1101 mo. LiborF75.440A2A-+1201 mo. LiborG70.336.5A3A--+1501 mo. LiborH60.333.5Baa1BBB+-+2251 mo. LiborJ80.429.5Baa2BBB-+2501 mo. LiborK20.128.5Baa3BBB--+3001 mo. Libor

October 21, 1999PRICE TALK: Merrill Lynch Mortgage Investors Inc., Series 1999-C1ClassAmount($mln)Sub. Level(%)RatingS&PRatingDuff & PhelpsAvg.LifeSpread(BP)BnchMarkA-110026.5AAAAAA5.64+115-118Treas.A-2350.426.5AAAAAA9.6+135-138Treas.B33.721AAAA9.9+153-158Treas.C27.616.5AA9.9+175-180Treas.D9.215A-A-9.9+190-195Treas.E21.411.5BBBBBB9.9+240-245Treas.F7.610.25BBB-BBB-9.9+330-335Treas.X (IO)613N/AAAArAAA9.05+400*Treas.* At zero percent CPR.

October 20, 1999NEW YORK – The Cheslock Bakker Opportunity Fund has teamed up with New York developer Charles S. Cohen to buy the 1.2 million-square-foot Pacific Design Center in West Hollywood, Calif., from Teachers Insurance Annuity Association of...

October 20, 1999 JACKSONVILLE, Fla. – Regency Realty Corp. (NYSE:REG) said its board has authorized the purchase of up to $65 million of its common shares. Purchases will be funded through asset sales. The REIT owns 216 retail...

October 20, 1999 SAN BERNARDINO, Calif. (AP) – Mayor Judith Valles says her five-day China trip was "a good first step" in efforts to bring new businesses into the former Norton Air Force Base and economic revival in...

October 20, 1999 The venture that Kennedy-Wilson (NASDAQ: KWIC) formed with a unit of Marcus & Millichap will leverage about $40 million of equity capitalization into $200 million of investments over the coming 18 months.Hanover Financial, a unit...

October 20, 1999 BALTIMORE – Municipal Mortgage & Equity LLC (NYSE:MMA), also known as MuniMae, has closed on its $45 million cash-and-stock purchase of the Midland Cos. of Clearwater, Fla.Midland is a privately held group of seven companies...

October 20, 1999 Commercial Assets Inc. (AMEX:CAX) has filed a Form 8-K/A (Amended Current Report) with the SEC.

October 20, 1999 Kimco Realty Corp. (NYSE:KIM) has filed a Form 424(b)3, a prospectus supplement detailing the pricing of $50 million of medium-term notes, which were underwritten by Merrill Lynch and Legg Mason Wood Walker.

October 20, 1999 By Tom Kirchofer, The Associated PressBOSTON (AP) – Targeting a generation open about its sexuality and thinking about its golden years, developers around the country are looking to build gay-friendly retirement communities. In generations past,...

October 20, 1999 ElderTrust (NYSE:ETT) has filed a Form 8-A12B (Registration Statement) with the SEC.

October 20, 1999 Keystone Property Trust (AMEX:KTR) has filed a Form 8-K with the SEC.

October 20, 1999 Wellington Properties Trust (NASDAQ:WLPT) has filed a Form 8-A12B (a registration statement) with the SEC.

October 20, 1999 New life in Old Port's eastMontreal Gazette, October 20MONTREAL – Harbourteam Corp. has unveiled plans for a $80-million condominium and hotel development on Montreal's waterfront. The hotel/condo project would be built in a converted refrigerated...

October 20, 1999 Perimeter Square West Shopping Center sold for $26.5 millionAtlanta Journal Constitution, October 20ATLANTA – A German investment group represented by Trammell Crow Co. has just purchased the 5-year-old, 186,000-sf Perimeter Square West Shopping Center for...

October 20, 1999 MEMPHIS, Tenn. – Equity Inns Inc. (NYSE:ENN) has launched a website that will provide in-depth financial and corporate information for shareholders and the financial community.