MIAMI-The price at which a shareholder can convert the debentures to common stock ranges between $1.08 and $2.08 per share. The common was trading at 40 cents per share at the market close Feb. 8 on the American Stock Exchange.

ATLANTA-The locally based apartment REIT posted funds from operations of $33.7 million, excluding a $17.5 million severance and impairment charge. That compares to FFO of $41.7 million for fourth quarter 2000, excluding a $9.4 million charge.

ATLANTA-The locally based apartment REIT posted funds from operations of $33.7 million, excluding a $17.5 million severance and impairment charge. That compares to FFO of $41.7 million for fourth quarter 2000, excluding a $9.4 million charge.

ORLANDO-The senior property manager in the Orlando office for the Clearwater, FL-based firm just finished coordinating an $85 million renovation at the 1.4 million-sf Florida Mall developed by Simon Property Co. in south Orlando.

JACKSONVILLE, FL-The city with the largest land area in Florida (759 square miles) and home of the largest privately owned commercial real estate firm in the state (St. Joe Co.) has shaved its combined vacancy level to 14.3% from a 2001 high of 17%, but a new report predicts full recovery is at least six months away.

FORT LAUDERDALE, FL-The 350,000 sf of total projects comprise a hotel condominium, retail and automotive structures in South and Central Florida. Terry W. Stiles is chairman of the 50-year-old company.

JACKSONVILLE, FL-The city with the largest land area in Florida (759 square miles) and home of the largest privately owned commercial real estate firm in the state (St. Joe Co.) has shaved its combined vacancy level to 14.3% from a 2001 high of 17%, but a new report predicts full recovery is at least six months away.

ATLANTA-The locally based apartment REIT posted funds from operations of $33.7 million, excluding a $17.5 million severance and impairment charge. That compares to FFO of $41.7 million for fourth quarter 2000, excluding a $9.4 million charge.