Subject: REIT Unsecured Debt (UNSEC)

December 6, 2002 Commercial Real Estate Direct Staff ReportWells Real Estate Investment Trust paid just over $90 million for the portfolio of four office properties it recently bought from Highwoods Properties Inc. in Virginia and Tennessee.The Atlanta-based REIT paid $28.5 ...

December 4, 2002 Colonial Properties Trust (NYSE:CLP) has raised a $320 million unsecured revolving credit line from a group of lenders led by SouthTrust Bank.The new credit line replaces a $300 million facility that matures next April. It includes a ...

December 3, 2002 HRPT Properties Trust (NYSE:HRP) has issued $200 million of 10-year unsecured notes.The notes pay a coupon of 6.5 percent and were priced at 99.257 percent of par to yield 6.6 percent, or 237.5 basis points above Treasurys. ...

December 2, 2002 Commercial Real Estate Direct Staff ReportSouth Trust Bank provided the $30 million floating-rate loan that Crown American Realty Trust (NYSE:CWN) recently used to buy the Wiregrass Commons Mall in Dothan, Ala.And Morgan Stanley Dean Witter Mortgage Capital ...

November 26, 2002 CarrAmerica Realty Corp. (NYSE:CRE) has priced $175 million of senior unsecured notes through underwriters led by Banc of America Securities and J.P. Morgan Securities.The five-year notes, which carry a coupon of 5.25 percent, were priced at 99.525 ...

November 19, 2002 Kimco Realty Corp. (NYSE:KIM) has issued $235 million of unsecured notes in two transactions.Yesterday, the REIT issued $200 million 10-year notes at a stated interest rate of 6 percent and an effective yield of 6.028 percent, or ...

November 19, 2002 Legacy Hotels Real Estate Investment Trust (TSX:LGY.UN) has entered into an agreement with TD Securities Inc. to privately place C$100 million (US$63.1 million) Series 3 senior unsecured notes due Dec. 15, 2003. The notes will carry a ...

November 18, 2002 Glimcher Realty Trust (NYSE:GRT) has taken full ownership of two regional malls in Houston by buying out its joint venture partner.The REIT, which previously held a 20 percent interest in the Almeda Mall and Northwest Mall, bought ...

The REIT has paid $23.7 million to buy out Prudential Real Estate Investors' 50 percent interest in the Panorama Mall in Southern California. The venture had originally sought to sell the mall through CB Richard Ellis.

November 18, 2002 Equity Office Properties Trust (NYSE:EOP) has named Richard D. Kincaid president, chief executive officer and trustee.Kincaid will immediately take on the new roles, except for the title of executive officer, the duties for which he will slowly ...