Subject: REIT Credit Line (LINE)

Lenders led by Bank of America have provided a $75 million credit facility that could be doubled in size to Colony Financial Inc. The credit facility, which matures next September, but could be extended by a year, pays a rate ...

Wells Fargo Bank has provided Starwood Property Trust a $280 million repurchase agreement that allows the Greenwich, Conn., REIT to finance part of its recent acquisition of performing commercial mortgages from TIAA-CREF.The credit facility matures on May 31, 2013, and ...

Freddie Mac has provided a $150 million secured credit facility to Behringer Harvard Multifamily REIT I Inc., giving the company added firepower to acquire additional properties and fund improvements.The facility has a seven-year term and was provided through NorthMarq Capital, ...

Commercial Real Estate Direct Staff ReportMerrill Lynch has committed to provide $2 billion of debt, in the form of an unsecured credit facility, to Hospitality Properties Trust for its pending acquisition of TravelCenters of America Inc.Hospitality Properties, a Newton, Mass., ...

Glimcher Realty Trust has lined up a $470 million unsecured credit facility, effectively increasing its borrowing capacity from $300 million.The Columbus, Ohio, REIT said the facility has a three year term, expiring on Dec. 13, 2009, but could be extended ...

Weingarten Realty Investors has amended its $400 million unsecured revolving credit facility, extending its maturity to February 2010.The line, which is provided by a group of lenders arranged by JPMorgan Securities and Banc of America Securities, can be extended for ...

Brookdale Senior Living Inc., which went public just last November, has lined up a $330 million credit facility from Lehman Brothers, Goldman Sachs, Citigroup and LaSalle Bank.The credit is comprised of a $250 million acquisition facility and an $80 million ...

Healthcare Realty Trust Inc. has lined up a $400 million revolving credit facility from a group of 12 banks led by Bank of America.The facility refinances a $300 million line, which a Bofa-led group had provided, and matures in 2009, ...

BRE Properties Inc. has lined up a $600 million credit facility from a group of lenders led by Wachovia Bank and RBS Securities Corp.The facility has a four-year term and could be extended for an additional year. It pays a ...

Ashford Hospitality Trust Inc. has lined up a $100 million credit facility from UBS Real Estate Investments Inc.The facility carries a three-year term and carries a rate that ranges from 150 to 275 basis points above Libor, depending on the ...