ATLANTA-REIT's directors approve 50% dividend. The new shares will be distributed Oct. 2. The 25-year-old company will have 48.6 million shares outstanding. The stock is trading at $42 per common share.

ORLANDO-For the first time since the mid-1990s, supply is outpacing demand in metro Orlando's multi-housing market. Six-month vacancies in the 117,000-unit market are at 6.5%, up from 4.7% at yearend 1999. Monthly rents average $693 per unit, up 2.7% from $675 per unit.

SEATTLE-Two people, one from outside and one from inside the organization, are filling vacancies left by Chief Executive and President Gary Tucker, who retired in May.