Subject: Mergers & Acquisitions (M&A)

September 24, 1999 ROCKVILLE, Md. – Federal Realty Investment Trust (NYSE: FRT) said it has terminated negotiations to sell its shopping center assets. The REIT earlier this month said that it was in talks to sell its portfolio of community ...

September 22, 1999 DALLAS – Amresco Inc. (NASDAQ:AMMB) said it has entered into exclusive negotiations to sell its asset management, commercial mortgage banking and servicing and real estate structured finance operations to Lend Lease Corp., an Australian money management firm.Such ...

September 21, 1999 CINCINNATI – Provident Bank has acquired Capstone Realty Advisors, a Cleveland mortgage broker that specializes in placing commercial mortgages with life insurers.Provident, a unit of Provident Financial Group Inc. (NASDAQ: PFGI), is a regional bank that originates ...

Allegis Realty Investors has agreed to be acquired by a unit of UBS AG, creating a pension-fund adviser with more than $9 billion of real estate under management.

September 10, 1999 J.E. Robert Cos. might be making a pitch to buy Milner Estates, a U.K. real estate, according to Estates Gazette.Milner, which is run by John Ritblat, was close to an agreement to be acquired by Delancey Estates, ...

September 9, 1999 By The Associated PressALBUQUERQUE, N.M. (AP) – REALCO, Inc. (Nasdaq: RLCO) has acquired TI Construction, a multi-state commercial construction company located in Albuquerque. Amity Inc., a wholly owned commercial construction subsidiary of Realco, acquired the name, selected ...

September 8, 1999LOS ANGELES – Apex Mortgage Capital Inc. (NYSE: AXM) has offered to acquire Impac Commercial Holdings Inc. (AMEX: ICH) in a stock swap that values Impac at $78 million, or $7.09/share.Each Impac share would be swapped for 0.60328 ...

September 7, 1999 By The Associated PressBEVERLY HILLS, Calif. (AP)- Hilton Hotels Corp., owner of New York's famed Waldorf-Astoria and other properties, will acquire Promus Hotel Corp. for $4 billion plus the assumption of debt, the hotel operator said today. ...

September 7, 1999 By The Associated PressALBUQUERQUE, N.M. – REALCO, Inc. (Nasdaq: RLCO) has acquired TI Construction, a multi-state commercial construction company located in Albuquerque. Amity Inc., a wholly owned commercial construction subsidiary of Realco, acquired the name, selected assets ...

September 7, 1999 ROCKVILLE, Md. – Federal Realty Investment Trust (NYSE: FRT) said it is in talks to merge its portfolio of community shopping centers with an undisclosed firm in a deal that would be valued at about $18/share, or ...