Subject: REITS -general (REITS)

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 ...

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.

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.

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 ...

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) ...

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.

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 ...

September 11, 2000 FLORHAM PARK, N.J. – Kushner Cos. has acquired the WNY Group Inc., a privately held REIT based in Freehold, N.J., in a deal valued at about $280 million.As part of the transaction, the company acquired WNY's entire ...

September 11, 2000 Summit Properties is looking to quickly unload about $112 million in multifamily assets in order to fund its $262 million development pipeline, according to a report in today's Real Estate Investment & Finance.The Charlotte, N.C., REIT plans ...

September 11, 2000BALTIMORE – Prime Retail Inc.'s (NYSE:PRT) plans to close a first mortgage loan for its Prime Outlets of Puerto Rico project and a $90 million corporate mezzanine loan, both with Lehman Brothers, will not happen as soon as ...