NEW YORK, Jan. 31 /PRNewswire/ -- Trizec Properties Inc. will replace Amli Residential Properties Trust in the S&P REIT Composite after the close of trading on a date to be announced. Amli is being acquired by Prime Property Fund LLC in a deal that is still pending final approval.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: http://www.standardandpoors.com/.
Trizec's portfolio of commercial office properties is concentrated in the metropolitan areas of seven major U.S. cities. Headquartered in Chicago, IL, the company will be added to the S&P REIT Composite Industrial/Office property category.
Following is a summary of the change:
S&P REIT COMPOSITE INDEX - TBA
COMPANY REIT TYPE PROPERTY CATEGORY
ADDED Trizec Properties Equity Industrial/Office
DELETED Amli Residential Equity Residential
Additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the companies concerned.
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