September 20, 2005 | Vol. 3 No. 18

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Volume 3 - Number 18 | September 20, 2005

TOP STORY: Trustreet Sells Mortgages, Transacts More on Equity Side of Biz
By Michelle Napoli
Stressing its message to investors that it is focused on being an equity REIT, Orlando-based Trustreet Properties Inc. has sold a $203-million portfolio of mortgages to GE Commercial Finance Franchise Finance.

INSIDER: The Open Window: Why 2005 Is the Year to Sell Real Estate Abroad
By Kenneth Rudy
In this Net Lease Forum guest column, Rudy examines the reasons that now is the time for US companies to sell their overseas real estate—and notes that the window on this opportunity may not stay open much longer.

DRA Clients to Take CARS Private
By Michelle Napoli
CARS may be going private, but according to the parties involved it is not exiting its investment segment: the increasingly competitive automotive retail property niche.

AFR Sets Up Community Bank Program
By Michelle Napoli
American Financial Realty Trust has formed a strategic alliance with Bank Property Advisors LLC of Chicago to target community banks' real estate assets. Through its new Community Banking Program, the Jenkintown, PA-based REIT—which has done plenty of sale-leasebacks and acquisitions of unoccupied branch facilities with banking giants—“intends to expand its bank branch holdings leased to community banks,” it announced.

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