Subject: REITS -general (REITS)

Office property sales remained strong during the first half and prices continued to inch up, according to Commercial Real Estate Direct's newly launched Property Sales Database. Meanwhile, sales of malls and hotels cooled.

August 11, 2000 ANN ARBOR, Mich. – The entire board of directors at Captec Net Lease Realty Inc. (Nasdaq:CRRR) was re-elected at the company's annual shareholders' meeting on Wednesday.All nine incumbent members of the Captec board beat out an opposition ...

August 11, 2000 The merger of Commercial Assets Inc. (AMEX:CAX) with and into Asset Investors Corp. (NYSE:AIC) closed today.The resulting company is now called American Land Lease Inc. It will begin trading on the New York Stock Exchange on Monday ...

August 11, 2000 First Union Downgrades AvalonBay to Buy from Strong Buy(NewsTraders.com) – In a move based solely on price, First Union Securities today downgraded shares of AvalonBay Communities (NYSE:AVB) to "buy" from "strong buy," stating in a brokerage report ...

August 11, 2000 MEMPHIS, Tenn. – Bank of America NA is providing RFS Hotel Investors Inc. (NYSE:RFS) with a new $52.2 million long-term secured loan.The financing, secured by eight of the company's hotel properties, carries a fixed interest rate of ...

August 9, 2000 (NewsTraders.com) – A shareholder group of Hanover Capital Mortgage Holdings (AMEX:HCM) said Wednesday morning in a regulatory filing that it has decided to "now seek to acquire control" of the New York-based REIT.The group, which includes Rockwood ...

August 9, 2000(NewsTraders.com) – Focusing on general weakness in the retail industry, A.G. Edwards & Sons analyst Ann Melnick downgraded CBL & Associates Properties (NYSE: CBL) and three other mall-based REITs on Wednesday.CBL & Associates witnessed its rating at the ...

Western Properties Trust, which has been looking for a suitor, has apparently found one. The talk in real estate circles is that the REIT is close to striking a deal to be acquired by an unidentified West Coast shopping center ...

August 7, 2000 DENVER – Asset Investors Corp. (NYSE:AIC) and Commercial Assets Inc. (AMEX:CAX) are a step closer to merging their companies, now that a Delaware court has approved a settlement agreement to litigation involving the merger.On Aug. 1, shareholders ...

August 7, 2000Innkeepers USA Trust has filed to sell up to $41.9 million of its stock.From time to time, the REIT plans to sell up to 3.7 million shares at a proposed maximum offering price of $11.32 per share, according ...