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, the Board of Trustees has carefully reviewed the... 

Solidere International Takes Ajmans Al Zorah to MIPIM Asia

Solidere International, one of the most prominent master and urban developers in the region, will bring its unique development initiatives to MIPIM Asia, the international property exhibition taking place at the Hong Kong International Convention & Exhibition Centre from November 19th to 21st. MIPIM Asia provides an exclusive platform for local developers to network with regional and international investors looking for opportunities in the Asia-Pacific market. The centrepiece of Solidere International’s... 

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 Dennis H. James on September 2, 2008. Mr. Davis... 

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 as of October 31, 2008. The Company currently... 

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 Embarcadero Center is a 47-story, Class A office... 

Thomas Properties Group Seeks to Compel Funding of Credit Facility by Lehman Brothers Holdings, Inc.

Thomas Properties Group, Inc. announced today that its affiliate, TPG-Austin Portfolio Holdings LLC (TPG-Austin), for which TPGI serves as the manager, has filed a motion with the U.S. Bankruptcy Court for the Southern District of New York (the Court) in the bankruptcy case of Lehman Brothers Holdings, Inc., et al. (Lehman Brothers). “Through this motion, we are seeking to compel Lehman Brothers to accept and honor its obligation to fund the $100 million revolving credit facility under the Credit... 

Harrisburgs Triple Crown Corporation Wins Association Awards

Triple Crown Corporation of Harrisburg took home awards from two separate professional organizations during the month of October. Two of their model homes won a total of eleven awards at the Harrisburg Home Builders Association’s Parade of Homes Gala held October 2 at the West Shore Country Club in Camp Hill. Triple Crown’s rental communities won a host of awards at the Apartment Association of Central PA’s (AACP) Annual Best of Living Awards Gala held at the Radisson Penn Harris... 

AMB Property Corporation(R) to Host a Los Angeles Property Tour on November 18, 2008

AMB Property Corporation a leading global developer and owner of industrial real estate, will host an investor and analyst tour on November 18, 2008 in Los Angeles. Thomas S. Olinger, AMB’s chief financial officer, will present at 10:30 AM EST/7:30 AM PST at the Sheraton Gateway Los Angeles. His presentation will include details regarding the company’s current liquidity and financial condition. Following the presentation, attendees will depart for a property tour of the LAX and South... 

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 open-ended real estate investment trust... 

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 213 high-quality properties, consisting of 37 office,...