Subject: REITS -general (REITS)

November 3, 2000 JERICHO, N.Y. – Getty Realty Corp. (NYSE:GTY), a real estate company that controls a 1,100-property gas station portfolio in the eastern United States, may soon take up REIT status. The company, which specializes in service stations, convenience ...

November 2, 2000 ATLANTA – JDN Realty Corp. (NYSE:JDN) has named interim chief financial officer John D. Harris Jr. to the position permanently.Harris, who joined JDN in 1994 as controller, took over the CFO duties in April after William J. ...

The retail REIT will pay $13.74/share to buy the 54 percent interest in American Industrial that it doesn't already own. Funding for the purchase will come from the sale of a big portfolio of warehouses to Lend Lease and other ...

November 2, 2000 WEST CONSHOHOCKEN, Pa. – Keystone Property Trust (Amex:KTR) has sold four noncore industrial properties in New Jersey to Connecticut General Life Insurance Co. for $15.8 million, at a 9.3 percent cap rate.The properties, which total 400,702 square ...

November 2, 2000 CHICAGO – Equity Residential Properties Trust (NYSE:EQR) has completed its $461 million acquisition of Grove Property Trust (Amex: GVE).The merger, first agreed to this summer, adds Grove's 62 properties consisting of 7,526 units to Equity Residential's portfolio, ...

November 2, 2000 SOUTH PLAINFIELD, N.J. – Wells Real Estate Investment Trust has acquired a 236,710-square-foot Class-A office building for $33.7 million from a partnership formed by the Archon Group.The three-story building, at 1111 Durham Ave., is 100 percent leased ...

November 2, 2000 (NewsTraders.com) – Legg Mason Wood Walker today upgraded Mission West Properties (AMEX:MSW) to strong buy from buy, according to a source at the brokerage house.Analysts at the firm also hiked their price target on the REIT to ...

November 2, 2000 NEWTON, Mass. – HRPT Properties Trust (NYSE:HRP) said its $128 million sale of 7 W. 34th St. in Manhattan to Vornado Realty Trust (NYSE:VNO) will result in a gain of about $17 million.HRPT Properties had purchased the ...

November 2, 2000 NEW YORK – Lend Lease Real Estate Investments Inc.'s Value Enhancement Fund IV said that its pending purchase of a 30-property portfolio from American Industrial Properties (NYSE:AIP) totals more than 2.8 million square feet.The portfolio consists of ...

November 2, 2000 (NewsTraders.com) – General Growth Properties (NYSE:GGP) was downgraded to buy from aggressive buy today by McDonald Investments analyst Richard Moore.The analyst, who also clipped his 12-month price target to $35 from $40, said he issued the ratings ...