Subject: Bankruptcy/Foreclosure (BKRPT)

March 21, 2000 BOCA RATON, Fla. – Grand Court Lifestyles Inc. (NASDAQ:GCLI) has filed for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code.Go to Previous Story in the IPGDirect.com Archive.

March 15, 2000 ANN ARBOR, Mich. – Omega Healthcare Investors Inc. (NYSE:OHI) has taken possession of 30 nursing home and assisted-living properties operated by RainTree Healthcare Corp. of Phoenix.At the end of 1999, Omega had $78 million invested in properties ...

March 14, 2000BOCA RATON, Fla. – Grand Court Lifestyles Inc. (NASDAQ:GCLI), an operator of senior living facilities, has failed to pay rent on offices it occupies in Florida and New Jersey and debt payments that were due March 1As a ...

March 8, 2000 NEW YORK – Standard & Poor's lowered the corporate credit and bank loan ratings for Prison Realty Trust Inc. (NYSE:PZN) to single-B-plus from double-B and the REIT's senior unsecured debt rating to single-B-minus from single-B-plus. The ratings ...

March 2, 2000 ROCKVILLE, Md. – Criimi Mae Inc. (NYSE:CMM) has recovered $45.9 million from the sale of eight classes of subordinate commercial mortgage-backed securities from Morgan Stanley Capital I, 1998-WF2. The sale brings Criimi another step closer to reorganization. ...

January 11, 2000 Criimi Mae will be receiving an estimated $380 million of financing from Merrill Lynch and Deutsche Bank under a proposed recapitalization plan.Go to Previous Story in the IPGDirect.com ArchiveTerms of the debt call for $100 million of ...

January 10, 2000 Warburg Dillon Read is planning a commercial mortgage-backed securities issue that could involve up to $1.6 billion of loans, according to Real Estate Investment & Finance. The newsletter said the investment bank is still looking for a ...

December 3, 1999 A recent decision the Fourth Appellate District of the California Court of Appeal held that a general partner has a fiduciary duty to a limited partner and the partnership not to purchase partnership debt for its own ...

The developers of NorthPort Marketplace in Ft. Lauderdale adopted an unusual retailing concept that centered on entertainment. The concept has failed and the property now faces foreclosure.

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 ...