Subject: Executive Changes-CMBS (EXEC)

March 6, 2000 NEW YORK – Kennedy-Wilson Inc. (NASDAQ:KWIC) has hired Neil L. Kennedy as senior adviser to market U.S. properties to European investors, which are becoming a powerful force in the U.S. real estate market.Kennedy most recently ran Kennedy ...

March 2, 2000 CLEVELAND – Associated Estates Realty Corp. (NYSE:AEC) has appointed Louis E. Vogt as president and chief operating officer.He succeeds Jeffrey I. Friedman, who will continue to serve as chairman and chief executive.Vogt, who previously served as senior ...

March 1, 2000 PHOENIX – InnSuites Hospitality Trust (AMEX:IHT) has appointed Anthony B. Waters to the additional position of CFO.Waters joined the REIT early last year as controller.

February 29, 2000 LOUISVILLE, Ky. – Ventas Inc. (NYSE:VTR) has completed the second phase of an amended long-term senior credit facility and is looking for a new CFO.Bank of America and J.P. Morgan are co-agents under the amended credit facility ...

February 25, 2000 DALLAS – Remington-Hall Capital Corp. (OTC Bulletin Board:REMH) has moved its corporate headquarters to larger offices as part of a reorganization.The real estate investment firm, which specializes in multi-family and mid-rise office buildings, has also indicated it ...

February 25, 2000 Thomas J. Crocker and Robert E. Onisko have joined Koger Equity (AMEX:KE) as chief executive and chief financial officer, respectively.The two will be headquartered at Kroger's Jacksonville, Fla., offices. They formerly were with Crocker Realty Trust Inc., ...

February 25, 2000 NEW YORK – New Plan Excel Realty Trust Inc. (NYSE:NXL) has named Glenn J. Rufrano, a partner and president of The O'Connor Group, chief executive and president of the company.Rufrano succeeds Arnold Laubich, who will retire as ...

February 24, 2000 WASHINGTON – Daniel H. Mudd, president and chief executive of GE Capital Japan, has been named vice chairman and chief operating officer of Fannie Mae (NYSE:FNM). Mudd, who also joins Fannie's board, fills a post that was ...

February 23, 2000 Associated PressNEWPORT BEACH, Calif. (PRIMEZONE) – PIMCO Commercial Mortgage Securities Trust Inc. (NYSE:PCM ), a closed-end investment company that buys primarily commercial mortgage-backed securities, has appointed Scott A. Mather to assume day-to-day responsibility for managing its fund. ...

February 23, 2000 Associated PressKANSAS CITY, Mo. – Two former executives and a former attorney for a leading Kansas City real estate company were indicted today on charges alleging the theft of more than $150 million from the company.U.S. Attorney ...