Glenborough Appoints New Property Manager for Tampa Portfolio

Glenborough, LLC, a San Mateo, CA real estate investment and management company specializing in office properties, is pleased to announce that Michele Micciche has assumed the duties of property manager for Glenborough’s Tampa office portfolio. The portfolio consists of five properties, totaling 391,000 square feet. During Ms. Micciche’s tenure as Property Director at City Center in St. Petersburg, the property earned BOMA Tampa Bay’s... 

Allied Properties Real Estate Investment Trust Announces November Distribution

Allied Properties REIT announced today that the Trustees of the REIT have declared a distribution of $0.11 per unit for the month of November, 2008, representing $1.32 per unit on an annualized basis. The distribution will be payable on December 15, 2008, to unitholders of record as at November 28, 2008. The REIT has 31,211,792 units issued and outstanding. Allied Properties REIT is the leading owner and manager of Class I office properties in Canada,... 

Developers Diversified Realty Declares Fourth Quarter 2008 Class G Preferred Share Dividend

Developers Diversified Realty, the nation’s leading owner, developer and manager of market-dominant shopping centers, declared its fourth quarter 2008 Preferred Class G stock dividend of $0.50 per depositary share. Each Class G depositary share is equal to one-tenth of a share of Developers Diversified’s 8.00% Class G Cumulative Redeemable Preferred Stock. The declared Preferred Class G dividend covers the period beginning September 15,... 

InStorage REIT Board of Trustees Provides Update, Maintains Recommendation

The Board of Trustees of InStorage Real Estate Investment Trust (“InStorage”) provided an update in response to inquiries received from unitholders regarding the status of InStorage’s process to review strategic alternatives to the hostile take-over bid made by Canadian Storage Partners, ULC (“Partners ULC”) to acquire all of the outstanding trust units of InStorage at a price of $3.75 per unit. As previously expressed,... 

Roberts Realty Investors, Inc. Announces New Director

Roberts Realty Investors, Inc. (NYSE Alternext US: RPI) announces that Mr. John L. Davis has been elected as a director at the company’s board of directors meeting on November 17, 2008. Mr. Davis will also serve as a member of both the audit and compensation committees. The election of Mr. Davis brings the company back into compliance with a continued listing standard of the NYSE Alternext US, which resulted from the unexpected death of director... 

Inland Real Estate Corporation Pays November and Declares December Cash Distribution to Common Stockholders

Inland Real Estate Corporation announced that today it paid a cash distribution of $0.08167 per share on the outstanding shares of its common stock to common stockholders of record at the close of business on October 31, 2008. The aggregate cash distribution paid to a particular common stockholder of record will be rounded to the nearest $0.01, up or down, with $0.005 or more being rounded up. The Company had 66,332,242 shares of common stock outstanding... 

Boston Properties Completes $375 Million Financing of Four Embarcadero Center

Boston Properties, Inc. a real estate investment trust, announced that it has completed the financing of its Four Embarcadero Center property located in San Francisco, California. The eight-year, $375 million secured loan bears interest at a fixed rate of 6.10% per annum and was provided by a syndicate of insurance companies. Proceeds from the financing were used to reduce outstanding indebtedness under the Company’s unsecured line of credit. Four... 

InStorage REIT Announces November 2008 Distribution

InStorage Real Estate Investment Trust (the “REIT”) announced today that its distribution for the month of November 2008 will be $0.021 per REIT Unit. The distribution will be paid on December 15, 2008 to unitholders of record at the close of business on November 28, 2008. Holders of exchangeable units of InStorage Limited Partnership will receive a corresponding distribution. InStorage Real Estate Investment Trust The REIT is an unincorporated... 

Cominar Real Estate Investment Trust Announces November 2008 Monthly Distribution

Cominar Real Estate Investment Trust (“Cominar” or the “REIT”) announced today a distribution of 12.0 cents per unit to unitholders of record as at November 28, 2008, payable on December 15, 2008. PROFILE as at November 17, 2008 ——————————- Cominar is the largest commercial property owner in the Province of Quebec. The REIT owns a real estate portfolio of... 

Brandywine Realty Trust Closes Rehabilitation Tax Credit Transaction With US Bancorp

Brandywine Realty Trust a real estate investment trust focused on the ownership, management and development of Class A, suburban and urban office properties in the mid-Atlantic region and other selected markets throughout the United States, announced today that it has closed a transaction with US Bancorp related to the historic rehabilitation of the 30th Street Post Office in Philadelphia, Pennsylvania, an 862,692 square foot office building which...