October 15, 2001 HORSHAM – GMAC Commercial Mortgage Corp., master servicer for GMAC Commercial Mortgage Securities 1998-C1, has transferred a healthcare loan representing more than 16 percent of the outstanding loan pool into special servicing.GMAC is also acting as the ...
October 12, 2001 NEW YORK – Empire Blue Cross and Blue Shield has signed a lease for 105,430 square feet of office space at 11 W. 42nd St. in midtown Manhattan. The insurance company had occupied 450,000 sf at the ...
A $213 million mortgage backed by 87 nursing homes that was part of the collateral for a 1998 CMBS deal floated by GMAC has been moved into special servicing. The loan has deteriorated dramatically since origination, but is insured.
October 10, 2001 KENNETT SQUARE, Pa. – ElderTrust (NYSE:ETT) has been repaid a mortgage receivable owed to it by an affiliate of Senior LifeChoice LLC. ElderTrust, an equity healthcare REIT, used the $10.2 million of repayment proceeds to reduce its ...
October 9, 2001 PORTLAND – The American Stock Exchange plans to file an application with the SEC to strike Assisted Living Concepts Inc. (AMEX:ALF) common stock and its two series of convertible subordinated shares from its listing and registration.AMEX said ...
October 9, 2001 LAGUNA BEACH, Calif. – Senior Care Industries Inc. (OTCBB:SENC) has named Craig H. Brown as president and director. Brown has performed due diligence and consulting services for Senior Care since 1999.Previously, he operated his own consulting firm, ...
October 1, 2001 BEVERLY HILLS, Calif. – G&L Realty Corp. (NYSE:GLR) has rescheduled its annual meeting of stockholders to Oct. 29 in Beverly Hills.The stockholders will be asked to consider the merger of the health care REIT with a new ...
September 26, 2001 OXNARD, Calif. – Regent Assisted Living (OTC:RGNT) has not paid September rents for the five lease deals it has with LTC Properties Inc. (NYSE:LTC) and plans to return two of the properties.The companies are in preliminary discussions ...
September 24, 2001 NEW YORK – Standard & Poor's has placed three CMBS transactions that include credit support from ZC Specialty Insurance Co. and Centre Reinsurance (U.S.) Ltd. on credit watch with negative implications.The move comes after S&P had placed ...
September 19, 2001 BEVERLY HILLS, Calif. – The Weisman Group has submitted revised terms in its bid to buy G&L Realty Corp.'s (NYSE:GLR) outstanding common stock.The revisions include offers to buy all of the issued and outstanding common stock at ...
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