Government Agency Relocating D.C. Offices, Taking Less Space
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400,000-SF Industrial Project Planned for Silver Spring, Md.
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November 29, 1999 KENNETT SQUARE, Pa. – J.P. Morgan has provided $30 million of mortgage financing to ElderTrust (NYSE:ETT).The debt, which is secured by four properties, carries a three-year term and floating rate pegged to one-month Libor plus 300 basis ...
The former Lazard Freres executive has stayed bullish on skilled-nursing facilities. Fifteen properties have already been picked up.
November 3, 1999 By Brad Berton, VertiNews.com Contributing EditorA Calabasas, Calif., investment group has paid $18.5 million for a 51,407-square-foot outpatient-care center within the Henry Mayo Newhall Memorial Hospital comlpex in Valencia, Calif.The property was acquired through a Chapter 7 ...
November 1, 1999LOUISVILLE, Ky. – Ventas Inc. (NYSE:VTR) said that 95 percent of its lenders have agreed to restructure its debt, including a $275 million bridge loan which came due Oct. 30.Ventas is a REIT that owns and leases nursing ...
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 building consisting ...
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, societal pressures ...
October 15, 1999 NEEDHAM, Mass. – Meditrust Corp. (NYSE: MT) announced today a quarterly dividend of $0.46 cents per share to shareholders of record on October 29, 1999. This is the fourth dividend payment from the real estate investment trust ...
October 14, 1999 KENNETT SQUARE, Pa. – ElderTrust (NYSE: ETT), an equity healthcare real estate investment trust headquartered in the suburbs of Philadelphia, has appointed Chief Financial Officer D. Lee McCreary, Jr. to the positions of president and chief executive ...
October 12, 1999HARRISBURG, Pa. (AP) –Canadian commercial real estate developer Paul Reichmann has bailed out Balanced Care Corp. with a $21 million infusion. An initial investment, of $4.1 million, will be made through the purchase of convertible preferred stock by ...
October 6, 1999OXNARD, Calif. – LTC Properties Inc. (NYSE:LTC) has restructured its relationship with Sun Healthcare Group Inc. by buying out the interests in six health-care facilities that were leased to Sun.The restructuring will result in a 4 cents/share reduction ...
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