BOSTON-The real estate investment trust has sold 15 million shares of common stock at $39.0625 per share, resulting in net proceeds of approximately $556 million after commissions and expenses.
BOSTON-Charles E. Smith Residential Realty Inc., an urban multifamily REIT, reports FFO of $0.94 per diluted share for the quarter ended September 30, a 13.3% increase over the third quarter of 1999.
WESTBOROUGH, MA-A residential development has been scaled back after negotiations between the town and AvalonBay Communities Inc. Community leaders and residents were concerned about the potential impact of the facility on the local environment and quality of life.
