Brookfield Stock Issue Grosses $1.04B; Weingarten Offering Set at $100M; HPT Selling 8M Shares

NEW YORK, NY—Another busy day in the financial markets.

Brookfield Properties Corp. announced its underwriters exercised their entire over-allotment option to purchase an additional 7.125 million common shares of Brookfield Properties at a price of $9.50 per share.

At the same time, Brookfield Asset Management (BAM: NYSE, TSX) is purchasing directly or indirectly 7.125 million shares representing an equivalent number of shares on a pro rata basis.

The gross proceeds to Brookfield Properties from the exercise of the over-allotment option and the concurrent sale of additional shares to Brookfield Asset Management total $135.4 million.

The total gross proceeds to Brookfield Properties raised in the equity offering from the combined share issuances total $1.04 billion.

Closing is expected to occur on August 21, 2009. RBC Capital Markets, Citi, Deutsche Bank Securities and TD Securities are acting as joint book-running managers.

Weingarten Realty Investors Prices $100M of Senior Unsecured Notes

In Houston, TX, Weingarten Realty Investors (NYSE:WRI) announced today the pricing of $100 million of 8.10% notes due 2019 in an underwritten public offering through Wells Fargo Securities, LLC, RBC Capital Markets Corp. and Morgan Keegan & Co., Inc., as joint book-running managers.

The offering is expected to close on Aug. 19, 2009, subject to customary closing conditions.

The company intends to use the net proceeds of the offering for general business purposes, including reducing amounts outstanding under its revolving credit facility.

Hospitality Properties Trust Selling 8M Common Shares

In Newton, MA, Hospitality Properties Trust (NYSE: HPT) announced it has priced a public offering of eight million common shares at $17.25 per share. The settlement of this sale is expected to occur Aug. 14, 2009.

HPT expects to use the net proceeds to repay debt and for general business purposes. The underwriters have been granted a 30-day option to purchase up to an additional 1,200,000 shares to cover over allotments, if any. The offering size was increased from the previously announced five-million-share offering.

The joint book-running managers are Morgan Stanley, Citi and RBC Capital Markets. The co-lead managers for this offering are Morgan Keegan & Co., Inc., UBS Investment Bank and Wells Fargo Securities. The co-managers for this offering are Janney Montgomery Scott and Oppenheimer & Co.

HFF Arranges $72M Financing of London Properties for TJAC International

In Boston, MA, Holliday Fenoglio Fowler, L.P. arranged $72 million in financing for TJAC International on two multifamily properties in London, England.

Working on behalf of the borrower, HFF director Anthony Cutone placed the loan through CTL Capital, LLC.

Proceeds are being used to acquire and renovate the properties for residential use. Andrew Mann, a managing partner at The Triad Group, represented the buyer, TJAC International, in the sale.

The two properties are located in the Bloomsbury area of central London close to two London Underground stations and numerous hospitals and academic institutions. Byron Court, located at 24-36 Mecklenburgh Square, is a five-story 53-unit building and 74-76 Guilford Street will have 19 residential flats post renovation.