The Company stated that "at this time" there is no reason tobelieve that the discovery of these issues involving Fishman willresult in any change to its previously reported statements offinancial condition or results of operation. The audit committee ofthe board of directors of the company has retained special counselwho, in consultation with the Audit Committee, is investigatingthis and related matters. Requests for additional information werenot answered.

The company's board of directors elected Fredric H. Gould,chairman of the board to serves as chief executive officer andpresident effective immediately. The REIT invests primarily inimproved commercial real estate under long-term net lease.

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