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November 10, 1999 (NewsTraders.com) -- Shares of Amresco (NASDAQ:AMMB) were demoted to "accumulate" from "buy" today by Friedman Billings Ramsey analyst Merrill Ross, who cited a third-quarter loss and perceived risks in the stock as the catalysts for the downgrade.The ...
October 28, 1999 NEW YORK – Tarragon Realty Investors Inc. (NASDAQ:TARR) is considering eliminating its REIT status in order to focus on converting apartments into condominiums.The REIT owns some 16,000 apartment units in Connecticut, South Florida and Texas, many of ...
October 26, 1999MALVERN, Pa. – Liberty Property Trust (NYSE: LRY) has authorized a share repurchase program for up to $100 million of Liberty's common shares or exchangeable subordinated debentures.Any repurchase would be executed from time to time at the discretion ...
October 26, 1999 SAO PAULO, Brazil – Brazil Realty SA is targeting small individual investors with a new investment vehicle called REIT Brazil. This fund, launched by Brazil Realty adapts Real Estate Investment Trusts (REITS) to the fast-growing Brazilian real ...
October 26, 1999 We expect most REITs (Real Estate Investment Trusts) and REOCs (Real Estate Operating Companies) in our 55 company-research-coverage area to post modestly positive results for the third-quarter 1999 earnings season.We are projecting an average-annual funds from operation-per-share ...
October 25, 1999 WASHINGTON – National Association of Real Estate Investment Trusts has re-elected Samuel Zell as chairman. Zell, chairman of Equity Office Properties Trust, Equity Residential Properties Trust and Manufactured Housing Communities, was re-elected to his NAREIT post, as ...
October 22, 1999 CLEVELAND – Cleveland, OH-based Developers Diversified Realty (NYSE: DDR) owner, manager and developer of Uptown Solon, today celebrated the grand opening of the new shopping center.Uptown Solon, located near U.S. Route 422 and State Route 91, was ...
October 15, 1999 NEW YORK – New Plan Excel Realty Trust, Inc. (NYSE: NXL) intends to repurchase up to $75 million of the company's outstanding common shares through periodic open market transactions, or through privately negotiated transactions. New Plan had ...
October 15, 1999 MINNEAPOLIS – Ryan Companies US Inc. has sold 1 million square feet of retail space for $120 million to Inland Real Estate Corporation. It is the third transaction the two companies have worked on within the last ...
Wilshire REIT is planning to securitize some of its assets in early 2000 to finance more investments.
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