Subject: REITS -general (REITS)

Equity Office is negotiating with its lenders for a $1.5 billion credit line that it would use to fund the cash portion of its purchase of Cornerstone Properties common shares.

February 3, 2000 NEEDHAM, Mass. – The Meditrust Cos. (NYSE:MT) has sold its medical office building management company for $204 million. It also sold several assisted-living facilities for a total of $32 million.The REIT sold its Paramount Real Estate Services ...

February 2, 2000 NEW YORK – First Union Real Estate Investments (NYSE:FUR) and Wellsford Real Properties Inc. (AMEX:WRP) have terminated negotiations concerning a possible business combination or other transaction.Reasons for the termination could not be immediately learned. The two firms ...

February 2, 2000 Warburg Dillon Read and Cigna Corp. are providing $145 million of floating-rate debt for the Emerald Square Mall, an Attleboro, Mass., mall purchased by a Simon Property Group Inc.-led venture.The financing was reported in today's Wall Street ...

Schottenstein Stores and Westbrook Partners, which own substantial stakes in Burnham Pacific, are poised to push the REIT into accepting a merger offer.

February 1, 2000 Boston Properties, which last week purchased Reston Overlook in Reston, Va., had owned a 25 percent interest in the 444,000-square-foot, two-building complex.When the Boston REIT had announced its purchase, it did not disclose the size of the ...

February 1, 2000 CEDAR RAPIDS, Iowa – Aegon USA Realty Advisors has agreed to buy all the real estate owned by USP Real Estate Investment Trust, a small REIT that it advises.A purchase price was not disclosed. But a recent ...

January 28, 2000 (NewsTraders.com) -- Mark Mutkoski, Deutsche Banc Alex Brown's senior lodging analyst, checked into MeriStar Hotels & Resorts (NYSE:MMH) and apparently liked what he saw as he upgraded the stock this morning to "strong buy" from "buy."With headquarters ...

January 27, 2000 CHICAGO – Banyan Strategic Realty Trust's (NASDAQ:BSRTS) proposed sale of the Sarasota Commerce Center has been called off.The REIT last month had reached an agreement to sell the 81,250-square-foot office building to an unnamed German investor for ...

January 25, 2000 IRVING, Texas – Rising interest rates have prompted FelCor Lodging Trust Inc. (NYSE: FCH) to cancel a proposed $200 million senior note offering.FelCor was planning to use proceeds of the note offering to fund a share buyback ...