RICHMOND HEIGHTS, OH—The locally based apartment REIT said Tuesday it welcomes shareholder input but calls many of the allegations from Land and Buildings “unfounded and misleading.”

CHICAGO—Kimco, a New Hyde Park, NY-based REIT, has sold a lot of property recently, especially in Florida, and now has sold off a big Midwest group.

FAIRLESS HILLS, PA—Keystone NAP will launch the first advanced data center in the Northeast capable of meeting the needs of today's web-scale enterprises. The center is expected to open in the first quarter of 2015.

PARSIPPANY, NJ—Locally-based Wyndham Worldwide reports that Gail Mandel has been promoted to president and CEO of Wyndham Exchange & Rentals, the company's timeshare exchange and professionally managed vacation rentals division.