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Article: Security Capital Atlantic Incorporated Announces Board Approval of Proposal To Become Internally Managed REIT
- Article from:
- PR Newswire
- Article date:
- March 24, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ATLANTA, March 24 /PRNewswire/ -- Security Capital Atlantic Incorporated (ATLANTIC) (NYSE: SCA) today announced that its Board of Directors has unanimously approved an agreement with Security Capital Group Incorporated to exchange Security Capital Group's REIT management and property management companies for $54.6 million of ATLANTIC common stock. As a result of the transaction, ATLANTIC will become an internally managed real estate investment trust (REIT) with Security Capital Group continuing as its largest shareholder. Personnel employed by the REIT management and property management companies will become employees of ATLANTIC. Based on ATLANTIC's 1997 forecast, ...
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Article: Security Capital Group Increases Line of ...
PR Newswire;
April 13, 1998 ;
700+ words
... ... April 13 /PRNewswire/ -- Security Capital Group Incorporated (Security ... York and Santa Fe. SOURCE Security Capital Group Incorporated -0- 4/13 ... CONTACT: Paul E. Szurek of Security Capital Group Incorporated, 915-877 ...
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