Subject: REITS -general (REITS)
BRT Offers $20 Mln Investment in Entertainment Properties
September 27, 2000 (NewsTraders.com) – BRT Realty Trust (NYSE:BRT), in its continuing efforts to increase its stake in Entertainment Properties Trust (NYSE:EPR), on Wednesday said it wants to purchase 1.3 million shares for $19.5 million from the theater property REIT.The ...
NorthStar Capital Sues Vornado Over Purchase of Debt from CSFB
September 26, 2000 NorthStar Capital Investment Corp., which owns a big stake in the Ian Schrager Hotels chain, is suing Vornado Realty Trust (NYSE:VNO), claiming the REIT's recent purchase of $75 million of its debt could restrict NorthStar from getting ...
NYSE Tells ElderTrust It Fails to Meet Minimum Listing Regs
September 25, 2000 KENNETT SQUARE, Pa. – ElderTrust (NYSE:ETT) has been notified by the New York Stock Exchange that its total market capitalization and minimum share price have fallen below levels that would allow it to remain listed on the ...
Prudential Invests $100 Mln in Heritage Property, Lends $235 Mln
September 21, 2000 Prudential Real Estate Investors has provided $100 million of equity financing, while Prudential Mortgage Capital provided $235 million of mortgage debt to Heritage Property Investment Trust for its purchase of Bradley Real Estate Inc.Prudential plans to securitize ...
Investor Group Offers Package of Washington Hotels
Washington's Canterbury Hotel, which was known as the Little White House during Teddy Roosevelt's presidency, is on the sales block. The property is one of a package of four that is being marketed through Jones Lang LaSalle.
Great Lakes REIT to Sell Denver Property; Buys Schaumburg Office Building
September 19, 2000 OAK BROOK, Ill. – Great Lakes REIT (NYSE:GL) has sold a 184,545-square-foot building in Denver for about $27 million.The sale of the building, at 183 Inverness, is expected to close in the fourth quarter.In addition, the company ...
Konover Property Trust Sells Lake Park, Ga., Center
September 19, 2000 CARY, N.C. – Konover Property Trust Inc. (NYSE:KPT) has sold its 142,000-square-foot Factory Stores of America shopping center, in Lake Park, Ga., for about $3 million to East Coast Properties.
Prentiss Properties Upgraded as Purchase Deal Crumbles
September 15, 2000By Michael Zebe, Commercial Real Estate Direct WriterRaymond James Financial Inc. has upgraded Prentiss Properties Trust (NYSE:PP) to a buy from market-perform, further sentiment that the $2.3 billion acquisition of the Dallas-based REIT by Mack-Cali Realty Corp. (NYSE:CLI) ...
FelCor Lodging Trust Puts 25 Hotels on the Market
The hotel REIT, which had a better-than-expected second quarter, is selling the nonstrategic hotels in an effort to net $136 million, which it will use to repurchase shares and pay down debt.
Chastain Capital Finally Dissolves
September 13, 2000 ATLANTA – Chastain Capital Corp. (OTC:CHAS) has completed the sale of its final asset, the Lakeside Plazaretail center, for $3.2 million. The sale allows the company to set its final liquidating distribution, of 53 cents/share. The dividend ...
About
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
