Subject: REITS -general (REITS)

March 15, 2000 LOS ANGELES – Arden Realty Inc. (NYSE:ARI) said its Arden Realty LP has priced $250 million of senior unsecured notes under Rule 144A.The two tranches consisted of a $200 million tranche of 8.875 percent notes that are ...

March 9, 2000 TOKYO (Nikkei) – Japan's Ministry of Finance and Ministry of Construction have drawn up new legislation that will pave the way for REITs to operate in Japan.The government was seeking to clear the way for the debut ...

March 6, 2000 NEW YORK – Tarragon Realty Investors Inc. (NASDAQ:TARR) has terminated its REIT status for this year. The move would allow the company to take advantage of the $40 million of net loss carryforwards, continue its stock repurchase ...

March 1, 2000 (NewsTraders.com) – J.P. Morgan Securities analyst Lee Schalop initiated coverage of three industrial REITs today, first tagging AMB Property Corp. (NYSE:AMB) with a top-tier "buy" rating and a $22 price target.AMB is set to outperform its peers ...

March 1, 2000 HARRISBURG, Pa. – Hersha Hospitality Trust (AMEX:HT) has entered into a portfolio refinancing deal worth $23.5 million with Lehman Brothers Bank.The loan, which is collateralized by eight of its hotel properties, will be used to payoff existing ...

March 1, 2000 DALLAS – Olympus Real Estate Corp. has completed its previously announced $1.7 billion acquisition of Walden Residential Properties Inc., the large multifamily REIT.The transaction was completed after receiving the approval of Walden shareholders at a special meeting ...

February 29, 2000 PORT WASHINGTON, N.Y. – Cedar Income Fund Ltd. (Nasdaq:CEDR) is changing its name to Uni-Invest (U.S.A.) Ltd., effective today. As a result, the name of Cedar Income Fund Partnership LP – the umbrella partnership REIT of which ...

February 18, 2000 NEW YORK – Standard & Poor's upgraded to triple-B from triple-B-minus the debt ratings of Regency Realty Corp. and its operating partnership, Regency Centers LP.The ratings have been revised as follows: corporate credit rating to triple 'B' ...

February 14, 2000 MALVERN, Pa. – Liberty Property Trust (NYSE: LRY) Chief Operating Officer Joseph Denny will step down from his position effective April 1 and assume his new position as vice chairman of the real estate investment trust.Robert E. ...

The two REITs combined would own 380 office buildings with 95.5 million square feet. The deal includes the payment of $1.1 million in cash to Cornerstone shareholders. Equity Office will also assume $1.8 billion of Cornerstone's debt and issue new ...