Subject: REIT Credit Line (LINE)

CNL Retirement Properties Inc. has expanded its credit line, giving it $400 million of borrowing capacity.The facility has an initial two-year term, but could be renewed for up to two additional years. It is backed by some of CNL's seniors ...

June 23, 2005 Health Care REIT Inc. (NYSE:HCN) has lined up a $500 million unsecured credit facility from a group of lenders led by KeyBank and Deutsche Bank.The facility replaces a $310 million line that was set to mature next ...

June 21, 2005 Equity Inns Inc. (NYSE:ENN) has lined up a $125 million secured line of credit from a group of lenders led by J.P. Morgan Chase and Calyon Bank.The facility matures in June 2008, but could be extended for ...

May 26, 2005 United Dominion Realty Trust Inc. (NYSE:UDR) has extended the term of its $500 million unsecured credit facility for two years. The facility now matures in May 2008 and can be extended for an additional year.The line could ...

May 24, 2005 Hospitality Properties Trust (NYSE:HPT) has increased the size of its credit facility to $750 million.The credit line, which previously was $350 million, could be expanded to $1.5 billion under certain circumstances. The facility matures in 2009, but ...

May 23, 2005 Trustreet Properties Inc. (NYSE:TSY) has entered into an interest-rate swap agreement with Bank of America that converts the floating rate it pays under a $175 million credit facility it recently lined up to a fixed rate.The swap ...

April 11, 2005 Trustreet Properties Inc. (NYSE:TSY) has lined up a $350 million secured credit facility from Bank of America.The facility is comprised of a $175 million revolving line that carries a rate pegged to Libor plus 225 basis points ...

March 30, 2005 Heritage Property Investment Trust Inc. (NYSE:HTG) has lined up a $400 million credit facility from a group of lenders led by Wachovia Bank.The credit facility has a three-year term and could be extended for an additional year. ...

February 11, 2005 HRPT Properties Trust (NYSE:HRP) increased the size of its credit facility late last month to $750 million from $560 million.The facility, led by Wachovia Securities, can be expanded to up to $1.5 billion under certain circumstances. HRPT, ...

The Needham, Mass., lender has lined up $1 billion of warehouse financing, allowing it to fund the conduit loans it originates. The credit is provided by Morgan Stanley and Wachovia Securities, which will likely securitize loans written by CW.