Subject: REITS -general (REITS)

Mitsubishi Estate Co. and Mitsui Fudosan Co. will be the first out of the gate with publicly traded Japanese REITs, a vehicle that became legal in that country late last year.

February 20, 2001CLEARWATER, Fla. - American Land Lease Inc. (NYSE:ANL) has promoted Shannon Smith to chief financial officer. Smith, who was previously the company's chief accounting officer, has been working in the company's Clearwater headquarters consolidating the company's administrative operations, ...

February 16, 2001 BALTIMORE – Prime Retail Inc. (NYSE:PRT) does not expect to pay any distributions this year on its common stock, 10.5 percent series A senior cumulative preferred stock or 8.5 percent series B cumulative convertible preferred stock.The REIT, ...

February 16, 2001 DENVER – Archstone Communities (NYSE:ASN) will purchase $50 million of its common stock from Security Capital Group (NYSE:SCZ) concurrently with the closing of its underwritten secondary offering.Goldman Sachs is the sole bookrunner and co-lead manager, with Credit ...

February 16, 2001 SEATTLE – Shurgard Storage Centers Inc. (NYSE:SHU) has sold $200 million of senior unsecured notes due 2011.The notes have a 10-year term to maturity and a coupon rate of 7.75 percent.The self-storage REIT plans to use proceeds ...

February 16, 2001 CHARLESTON, S.C. – Golf Trust of America Inc. (AMEX:GTA) has temporarily postponed the release of its fourth quarter earnings, pending the board of directors approval of its liquidation plan.In November, the board authorized management to prepare a ...

February 15, 2001 (NewsTraders.com) – CIBC World Markets analyst Paul Keung on Thursday initiated coverage of Starwood Hotels & Resorts (NYSE:HOT) and seven other companies that focus on the hotel and lodging sectors.In the lodging sector, the analyst handed out ...

February 15, 2001 KANSAS CITY, Mo. – Entertainment Properties Trust (NYSE:EPR) has closed on a $125 million secured financing.Proceeds were used to repay and retire the company's existing revolving credit line, which was secured by 13 megaplex properties.The financing has ...

February 15, 2001 LOS ANGELES – Westfield America Trust, the Australia-based parent of Westfield America Inc. (NYSE:WEA), has agreed to buy all of the outstanding common shares of the shopping mall REIT that it and its affiliates do not already ...

February 15, 2001 (NewsTraders.com) – A.G. Edwards & Sons analyst Art Havener today lifted his rating on Great Lakes REIT (NYSE:GL) to buy from maintain today, in a move prompted by valuation.Havener said shares of Great Lakes REIT are trading ...