... Chris Calvert, was forced to backtrack on what he had said. But disgruntled MI-Reit unitholders, already stirred up by the debate that had gone on before, continued to take MI-Reit ... McGrath recognises that the issue is not entirely resolved - and will need to be dealt with, along with his other plans for the Reit. 'There will have to be lots of communication with our investors, both retail and ...

... 28 cents a unit. AMP and AIMS would be co-sponsors of the Reit, which following the transaction would then undertake a fully-underwritten two- for-one rights ... ; backing, said Nicholas McGrath, CEO of MI-Reit’s manager. ‘There is a certain risk that (creditor) ... ‘have over emphasised the going concern problem of MI-Reit’ to induce unitholders to support them, he said. MI-Reit ...

... throat? Were there no alternatives? And the answer, in a nutshell, was that the present team only took over the REIT this year and they couldn’t find any other better deal on the market to solve the issue. ... the cost of the full colour newspaper advertisements that MI-REIT had been taking out over the past week. How much was it and did it come at the expense of unitholders? There was no ...

... Separate rallying announcements, newspaper ads by CIT and MI-REIT to seek support against and for the recapitalisation plan respectively20 November: ... let it fail? Before the announcement of the recapitalisation plan, MI-REIT was trading at about 40 cents, or 56.5% discount ... was hoping that the plan will be rejected, CIT take over MI-REIT, and come up with a fairer recapitalisation plan, e.g. rights ...

... trusts (REITs) on Monday endorsed the formation of the Malaysian REIT Managers Association (M-REITMA) which will be completed once given the go-ahead by the ... REIT, Quill Capita Trust, Tower REIT and Starhill REIT. The REITs were all listed under the new Securities Commission Guidelines ... by protem committee chairman, Stewart LaBrooy of Axis REIT Managers Bhd, on the present status of M-REITMA. The ...

... the company sold shares in its public offerings. Sure enough, the REIT has reported in an S.E.C. filing that it will be cutting its annualized dividend ... this pay-out cut was apparently required to amend the REIT’s credit agreement which permits it to pay out only the minimum amount ... status. Another amendment to the credit agreement prohibits the REIT from redeeming any shares until March 31, 2010. ...

Subordinated loan likely more pricey than MI-Reit’s cost of equity THE battle for control of MacArthurCook Industrial Reit (MI-Reit) continued yesterday with MI-Reit’s manager Nicholas McGrath slamming a rival proposal from Cambridge Industrial Trust (CIT) as ‘entirely ingenuous’. MI-Reit is asking unitholders to approve next Monday a $430 million rescue package involving ...

Saizen Real Estate Investment Trust (REIT) defaulted on a ¥8bn (US$88.5m) commercial mortgage-backed securitization (CMBS) ... -based firm’s manager announced. YK Shintoku, one of Saizen REIT’s nine tokumei kumiai (TK), or silent partnership operators, held the now-defaulted CMBS loan. While based in Singapore, Saizen REIT’s investments are comprised solely of regional residential properties

Health Care REIT Inc. (HCN), a real estate investment trust (REIT) that operates senior housing and health care real estate, has reported dismal third quarter 2009 results with FFO (fund from operations) of 53 cents ... its earlier projections of $3.07 ? $3.14 per share. Zacks Investment Research View original at: Zacks.com News Feed (HCN) Health Care REIT Inc’s Funds From Operations Plummets

... underwater. As you will read below, this has occurred in many instances. Very few publicly disseminated REIT analyses seem to take into consideration the ramifications of REITs actually losing money on investments that ... attempts at financing said gaps. As mentioned earlier in this missive, I find that many REIT investors have been focusing on property LTVs, which may cause one to miss sight of ...