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BRE Properties Reports First Quarter 2008 Results

SAN FRANCISCO, CA (REIT Media) April 29, 2008 - BRE Properties, Inc. (NYSE: BRE) today reported operating results for the quarter ended March 31, 2008. All per share results are reported on a fully diluted basis.

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Continue reading Comments (0) Apr.29.2008. 16:45

Associated Estates Realty Corporation Reports First Quarter 2008 Results

CLEVELAND, OH (REIT Media) April 29, 2008 - Associated Estates Realty Corporation (NYSE: AEC) today reported net income available to common shareholders of $37.4 million or $2.32 per common share (basic and diluted), for the first quarter ended March 31, 2008, compared with net loss available to common shareholders of $812,000 or $0.05 per common share (basic and diluted), for the first quarter ended March 31, 2007.

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Continue reading Comments (0) Apr.29.2008. 08:46

UDR, Inc. Launches Innovative Quick Response (QR) Bar Code Mobile Marketing Campaign

DENVER, CO (REIT Media) April 28, 2008 UDR, Inc. (NYSE: UDR) today announced the latest enhancements to its online marketing program with the introduction of Quick Response (QR) bar code technology.

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Continue reading Comments (0) Apr.28.2008. 08:30

Associated Estates Outlook Raised to Positive by S&P

CLEVELAND, OH (REIT Media) April 24, 2008 - Associated Estates Realty Corporation (NYSE: AEC) announced today that Standard & Poor's has revised its outlook for the Company to positive, from stable. At the same time, S&P affirmed its B+ rating on the Company's corporate credit and its CCC+ rating on the Company's preferred stock.

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Continue reading Comments (0) Apr.24.2008. 12:36

UDR Completes $240 Million Senior Unsecured Term Loan

DENVER, CO (REIT Media) March 17, 2008 - UDR, Inc. (NYSE: UDR) announced today that it has closed a two-year unsecured term loan facility. $200 million of the loan was swapped to a fixed rate of 3.61% through February 1, 2010, and the remaining $40 million floats at LIBOR plus a spread of 85 basis points.

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Continue reading Comments (0) Mar.17.2008. 16:01

Camden Property Trust Announces Dividend Increase and Sets Date for Annual Shareholder Meeting to be Held on May 6, 2008

HOUSTON, TX (REIT Media) March 14, 2008 - The Board of Trust Managers of Camden Property Trust (NYSE:CPT) declared a first quarter dividend of $0.70 per share to holders of record as of March 31, 2008 of its Common Shares of Beneficial Interest. The dividend to be paid on April 17, 2008 equates to an annual dividend rate of $2.80 per share, and represents a 1.4% increase over the Company’s previous dividend rate.

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Continue reading Comments (0) Mar.14.2008. 16:30

Vornado Refinances Its River House Apartment Complex in Washington DC

PARAMUS, NJ (REIT Media) March 12, 2008 - VORNADO REALTY TRUST (NYSE:VNO) announced today that it has completed a $260 million refinancing of its River House Apartment Complex located in Washington DC. This financing is comprised of a $196 million interest-only seven-year 5.43% fixed rate mortgage and a $64 million interest-only ten-year floating rate mortgage at the Freddie Mac Reference Note Rate plus 1.53% (4.36% at closing).

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Continue reading Comments (0) Mar.12.2008. 11:51

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