October 30, 2000 NEW YORK – Standard & Poor's today revised its outlook on Mack-Cali Realty Corp. and its operating partnership to stable from negative. In June, S&P placed a negative outlook on the office REIT's ratings in response to ...
October 30, 2000 Equity Office Properties Trust (NYSE:EOP) is estimating that funds from operations for this year should be in the range of $2.84-$2.86/share.The REIT, which today reported FFO of 72 cents/share for the third quarter, up from 63 cents/share ...
October 27, 2000 (NewsTraders.com) – Friedman Billings Ramsey analyst Merrill Ross today downgraded ProLogis Trust (NYSE:PLD) to "accumulate" from "buy." The Aurora, Colo.-based REIT posted third-quarter results that were in line with the analyst's expectations, but also warned again that ...
October 27, 2000First Union Securities Inc. has agreed to provide Cornerstone Realty Income Trust Inc. (NYSE:TCR) with about $140 million in secured financing.The 10-year interest-only loan will bear a fixed annual interest rate of 7.35 percent and will be secured ...
October 27, 2000 (NewsTraders.com) – Prudential Securities analyst Lou Taylor today upgraded Charles E. Smith Residential Realty (NYSE:SRW) to "accumulate" from "hold" and hiked his price target for the REIT to $46 from $44.On Wednesday, the Crystal City, Va.-based REIT ...
October 26, 2000 Lodgian Inc. (NYSE:LOD) is claiming victory over William Yung, who led a group of shareholders that controls 14.9 percent of the REIT. Lodgian says that its shareholders voted to re-elect management nominees John M. Lang and Michael ...
October 25, 2000 Kimco Realty Corp. (NYSE:KIM) has filed to issue $50 million of medium-term notes. The nine-month notes (Series B Medium-Term Notes) carry a 7.68 percent coupon. They mature Nov. 1, 2005, according to a regulatory filing.Merrill Lynch is ...
October 25, 2000 CHICAGO – Banyan Strategic Realty Trust (Nasdaq:BSRTS) is in talks to sell its entire portfolio of real estate in a deal valued at about $88 million.If the negotiations result in a definitive agreement to sell its assets, ...
October 25, 2000 Home Properties (NYSE:HME) has acquired a 371-unit apartment complex in Elgin, Ill., for $17.5 million, or about $47,170/unit.The Rochester, N.Y., REIT assumed $10.7 million in debt and paid $6.8 million in cash for the Blackhawk Apartments at ...
October 25, 2000 J.P. Morgan Securities and Chase Securities have arranged a for a 16-bank syndicate to provide Cabot Industrial Trust (NYSE:CTR) with a new $325 million unsecured revolving credit facility, which replaces the REIT's previous facility of the same ...
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