Subject: REITS -general (REITS)

January 23, 2001 COLUMBUS, Ohio – Glimcher Realty Trust (NYSE:GRT) sold $44.3 million of assets in 2000, as part of a debt reduction plan, resulting in a net gain of $4.3 million.The REIT sold 10 single-tenant properties, five community centers ...

January 23, 2001 (NewsTraders.com) – Observing that EastGroup Properties (NYSE:EGP) is currently attractively valued as compared to its peer group, Merrill Lynch analyst Steve Sakwa initiated coverage on the REIT Tuesday with an accumulate rating for both the intermediate and ...

January 23, 2001 AvalonBay Communities Inc. (NYSE:AVB) has acquired two apartment buildings, for $88 million, and sold two other apartment buildings, for $37 million.The Alexandria-Va.-based multifamily REIT purchased Arlington Place in the Chicago area for $49.1 million. The 409-unit, two-building ...

January 22, 2001 RALEIGH, N.C. – Winston Hotels Inc. (NYSE:WXH) has swapped a portion of the outstanding floating rate debt on its credit line for a lower fixed rate over the next two years.Wachovia Bank NA replaced the variable interest ...

January 22, 2001 NEW YORK – Standard & Poor revised its outlook on HRPT Properties Trust to stable from negative. The company's other classes have been affirmed.However, S & P said its concerns include higher levels of and exposure to ...

January 19, 2001 TORONTO – Gregory W. Sullivan will step down as executive vice president and chief financial officer of TrizecHahn, effective at the end of January.Sullivan has been commuting from Boston to the Toronto headquarters since August 1999 and ...

January 19, 2001 NEW YORK – Fitch has assigned its triple-B-plus rating to Public Storage Inc.'s (NYSE: PSA) offering of $150 million of series Q cumulative preferred stock. The outlook is stable.Deals of other classes have been affirmed. Proceeds will ...

January 18, 2001 NEW YORK – John R. Shain has been appointed a principal of Prudential Real Estate Securities Investors, a unit of Prudential Real Estate Investors.He will manage the North American Property SecuritiesTrust, for which Prudential Real Estate Investors ...

January 18, 2001 INDIANAPOLIS – Simon Property Group Inc. (NYSE:SPG) and its partnership subsidiary Simon Property Group LP has completed the private placement of $500 million of debt securities.The issue included $300 million of 7.675 percent notes due 2006 and ...

The small Houston-based REIT wants the bank to propose 'the most appropriate strategy for closing the gap between our net asset value and our share price,' United Investors' chairman and CEO said.