Subject: REITS -general (REITS)

January 4, 2001Glenborough Realty Trust, which sold a portfolio of 37 apartment complexes for about $400 million, used $37 million of the net proceeds to buy back 1 million of its stock. It also earmarked $23 million of the proceeds ...

January 4, 2001PHILADELPHIA – Pennsylvania REIT (NYSE:PEI) has refinanced its credit line with a $250 million combination credit/construction facility led by Wells Fargo Bank.The facility combines a $175 million revolving credit and a $75 million two-year construction loan. The revolver ...

January 4, 2001 PALO ALTO, Calif. – Pacific Property Co. has purchased two apartment communities, totaling 126 units in southern California for $10.3 million.The properties, located about four miles apart, are the 84-unit Casa Del Prado in South Pasadena and ...

January 4, 2001 MEMPHIS, Tenn. – RFS Hotel Investors Inc. (NYSE:RFS) on Jan. 1 terminated its operating lease and management contract relationships with Hilton Hotels Corp. (NYSE:HLT).Following a recently laid out plan, RFS paid Hilton about $60 million in cash ...

January 4, 2001 ATLANTA – David P. Stockert has joined Post Properties Inc. (NYSE: PPS) as president and chief operating officer.Stockert will replace Jeffrey A. Harris, who is leaving the company to pursue other opportunities.Previously, Stockert was senior vice president ...

January 4, 2001 NEW YORK – Fitch has upgraded the $35 million cumulative perpetual preferred stock of Urstadt Biddle Properties Inc. (NYSE:UPB) to double-B from double-B-minus. The rating agency's outlook on the stock is stable.The upgrade was due to the ...

January 3, 2001 CARY, N.C. – Konover Property Trust Inc. (NYSE:KPT) has retained Credit Suisse First Boston to evaluate and sell its outlet portfolio.The Cary, N.C., shopping center REIT owns 145 shopping centers in 22 states totaling 17.1 million square ...

January 3, 2001 FORT WORTH, Texas – Crescent Operating Inc., an affiliate of Crescent Real Estate Equities Co. (NYSE:CEI), is planning to restructure in the first quarter.Details of its plans have not been made known. The restructuring results from the ...

January 2, 2001The following table shows final pricing for the CR 2000-ZC2 single-asset CMBS deal from December 14, 2000, made available today. Greenwich Capital Markets Inc. was the underwriter, with Midland Loan Services acting as master and special servicer.Collateral was ...

Correction (Jan. 4, 2001): Glenborough Realty Trust, which sold a portfolio of 37 apartment complexes for about $400 million, used $37 million of the net proceeds to buy back 1 million of its stock. It also earmarked $23 million of ...