Subject: REITS -general (REITS)

Heritage Property Investment Trust, a private REIT in Boston, has offered to take Bradley Real Estate private for $22/share. Heritage counts Prudential Insurance among its investors.

Shurgard Storage Centers is poised to form another joint venture to develop self-storage centers. This time, it will have the wherewithal to develop $160 million of U.S. properties.

The Pennsylvania REIT is planning to focus solely on large industrial properties in the Mid-Atlantic region. So it is planning to sell most of its office portfolio as well as some smaller industrial properties.

Gary Holmes, a real estate entrepreneur since the age of 16, senses a big opportunity in the hotel sector. He's committed enough equity to buy some $300 million of full- and limited-service hotels.

The well-known REIT mutual fund manager is raising a fund that will target investments in real estate related Internet firms. The fund, Internet Realty Partners, has already raised $25 million, which it is ready to deploy.

May 3, 2000 (NewsTraders.com) – BRE Properties (NYSE:BRE) has filed with the SEC today to register 11.8 million shares of its Internet services subsidiary, VelocityHSI, for distribution to its shareholders.In the distribution, shareholders of BRE, a San Francisco-based REIT, will ...

The deal, known as Mach One, is made up of commercial and residential mortgage-backed securities, along with REIT debt from more than a dozen firms. Investors say there will be more like it to come.

The REIT paid $80.3 million for the mall. The purchase price includes the assumption of a $46.6 million mortgage on the property.

April 27, 2000 NEW YORK – Standard & Poor's has lowered its outlook on HRPT Properties Trust (NYSE:HRP) to negative from stable. The revision was prompted by HRPT's interest in Senior Housing Properties Trust (NYSE: SNH), an unrated REIT that ...

April 25, 2000 CHARLOTTE, N.C. – Boddie-Noell Properties Inc. (Amex:BNP) has changed its name to BNP Residential Properties Inc.The REIT made the change to better reflect its business operations. When it was founded in 1987, the firm owned 47 restaurants ...