Subject: REITS -general (REITS)

December 13, 2000 TORONTO – Summit REIT (TSE:SMU_u.TO) has agreed to sell an office tower in Calgary, Alberta, for about C$24.5 million (US$16.1 million), or C$122/sf (US$80/sf), to an undisclosed buyer.The 200,987-square-foot building is at 333 11th Ave. Southwest. Proceeds ...

December 13, 2000 RICHMOND, Va. – First Union Securities has provided $141 million of mortgage financing to Cornerstone Realty Income Trust Inc. (NYSE:TCR).The 10-year, interest-only loan carries a fixed-rate of 7.35 percent and is backed by 15 of Cornerstone's 73 ...

December 12, 2000 ROSELAND, N.J. – Chelsea GCA Realty Inc. (NYSE:CCG) is changing its name to Chelsea Property Group Inc., effective Jan. 1.As a result, the New York Stock Exchange will begin using the company's new trading symbol, 'CPG', on ...

An affiliate of General Motors is buying a 50 percent interest in 75-101 Federal St. in downtown Boston in a deal that values the complex at $220 million, or $270/sf.

December 11, 2000 NEW YORK – Brookfield Properties Corp. (NYSE, TSE:BPO) is being added to the TSE 100 Composite Index, effective the close of business Dec. 14. The TSE 100 Index is a benchmark against which investors measure performance in ...

December 11, 2000 NEW HYDE PARK, N.Y. – Joseph Kornwasser, senior vice president of Kimco Realty Corp. (NYSE:KIM), is leaving to pursue "other business interests," according to Kimco.Kornwasser joined Kimco as a result of the REIT's 1998 merger with Price ...

December 11, 2000 GERMANTOWN, Tenn. – Equity Inns Inc. (NYSE:ENN) has completed a $50 million interest rate swap related to the outstanding debt on its $125 million line of credit. The company said it now has no significant debt maturities ...

December 11, 2000 WASHINGTON – The board of directors of MeriStar Hospitality Corp. (NYSE:MHX) has approved a proposed merger between MeriStar Hotels & Resorts Inc. and American Skiing Corp. (NYSE:SKI).As a result of the merger, the REIT will reduce its ...

December 11, 2000 DALLAS – Neither Transcontinental Realty Investors Inc. (NYSE:TCI) nor Income Opportunity Realty Investors Inc. (AMEX:IOT) will pay a fourth quarter dividend on common stock.The boards of directors at both Dallas-based real estate firms decided against the payment ...

December 8, 2000 KENNETT SQUARE, Pa. – The New York Stock Exchange has agreed to keep ElderTrust (NYSE:ETT) a listed stock and monitor the equity healthcare REIT's performance through Jan. 11, one week after the company has a U.S. Bankruptcy ...