NEWTOWN SQUARE, PA-The agreement covers 316 housing units at Carlisle Barracks in Carlisle and 113 units at Picatinny Arsenal in Dover, NJ. GMH is seeking financing to construct an aggregate of 348 units within five years.

NEWTOWN SQUARE, PA-The agreement covers 316 housing units at Carlisle Barracks in Carlisle and 113 units at Picatinny Arsenal in Dover, NJ. GMH is seeking financing to construct an aggregate of 348 units within five years.

ROSEMONT, IL-First Hospitality Group re-capitalizes properties in Indiana and Michigan, which have an aggregate of 331 rooms. Approximately $2.4 million of the first mortgage will fund renovation of the properties, already under way.

PHILADELPHIA-Hotel revenues rose 86%; same store RevPAR increased 20.5%, and occupancy was up 5.6% for the year's opening quarter. The hospitality REIT put its Atlanta portfolio up for sale to concentrate on the Northeast corridor.

PHILADELPHIA-Hotel revenues rose 86%; same store RevPAR increased 20.5%, and occupancy was up 5.6% for the year's opening quarter. The hospitality REIT put its Atlanta portfolio up for sale to concentrate on the Northeast corridor.

PHILADELPHIA-The plans call for a 47-story project along the Delaware River at 709-17 N. Penn St. The 263-unit residential condo is to be completed in 2008.

PHILADELPHIA-The plans call for a 47-story project along the Delaware River at 709-17 N. Penn St. The 263-unit residential condo is to be completed in 2008.

DEVON, PA-The acquisition of the 157,000-sf shopping center on the Main Line marks Westover Cos.' continuing expansion from multifamily to retail. Built in 1977, it was totally renovated in 2003 and is 100% leased.