To that end, it will dispose of its non-core retail assets,commercial properties, joint venture projects and garden apartmentholdings. It now owns 53 apartment communities with 12,558 unitsand seven commercial properties. Its portfolio includes 347properties located in 31 states that are worth approximately $3billion.

For the third quarter, the trust reported diluted FFO of $44.3million (48 cents per share), compared to $46.9 million (51 centsper share) in Q3 1999. Diluted net income available to commonstockholders amounted to $26.9 million (30 cents per share) thisyear; in 1999 it amounted to $29.2 million (32 cents per share).Third quarter revenues amounted to $102.9 million vs. $108.2million a year ago.

During the quarter, New Plan Realty sold two shopping centers, asingle-tenant Kroger and a single-tenant Kindercare for anaggregate of about $12 million. During the first nine months of2000 it disposed of nine properties for an aggregate ofapproximately $51 million. They include five shopping centers andthree single-tenant properties.