Subject: REITS -general (REITS)

October 6, 2000 NEWPORT BEACH, Calif. – Pacific Gulf Properties Inc. (NYSE:PAG) will hold a shareholders' meeting Nov. 9 to vote on the REIT's proposed liquidation.Pacific Gulf agreed in June to sell its industrial properties for $929 million to a ...

October 6, 2000 (NewsTraders.com) – Investor Peter Kross, in the past a shareholder activist of Malan Realty Investors (NYSE:MAL), has sought and received representation for an affiliate on the company's board of the directors. In an amended Schedule 13D filing ...

October 6, 2000 TORONTO – The C$115 million (US$77.2 million) mortgage that Merrill Lynch recently securitized carries a coupon of 7.373 percent.The bonds were priced at 156 basis points above Canadian government securities. The 22-year loan, which was arranged by ...

October 5, 2000 NEW YORK – Ventas Inc. (NYSE: VTR) has objected to the reorganization plan filed by its main tenant, hospital and nursing home operator Vencor Inc. (OTCBB:VCRIQ).Vencor, the country's largest provider of long-term health care, had proposed paying ...

October 5, 2000 KANSAS CITY, Kan. – Bedford Property Investors Inc. (NYSE:BED) has recovered $31.3 million from the sale of nine Kansas City properties totaling 463,000 square feet.The REIT no longer owns any properties in Kansas City. It had adopted ...

October 4, 2000 ATLANTA – RFS Hotel Investors Inc. (NYSE:RFS) has sold the 280-room Hawthorn Suites Atlanta Northwest to Schaedle Worthington Hyde Properties LP for $20.75 million or $74,100/unit.The Memphis, Tenn., REIT plans to use proceeds from the sale to ...

October 3, 2000 HOUSTON – United Investors Realty Trust (Nasdaq:UIRT) has completed the sale of the University Park Shopping Center in College Station, Texas.The REIT received 337,400 of its shares, as well as 43,555 convertible securities, that were held by ...

October 3, 2000 The National Association of Real Estate Investment Trusts has elected Warren E. "Ned" Spieker Jr. as chair of its board of governors.Spieker is the chairman of the board of Spieker Properties Inc., a REIT he helped form ...

October 2, 2000 First Industrial Realty Trust Inc. (NYSE:FR) has agreed to sell the majority of its portfolio in Long Island, N.Y., one of the eight markets the REIT had identified as an exit market.Though no details of the pending ...

October 2, 2000 GE Capital Real Estate has extended and modified Crown American Realty Trust's (NYSE:CWN) existing secured revolving credit facility to $175 million from $150 million. The interest rate on the loan was reduced to 225 basis points over ...