US giant’s investment strategy shows cracks

By James Whitmore and James Whitmore21 May 1999

Homestead Village, an operator of extended-stay lodging facilities in which Security Capital has a 70% stake, warned last week that it expects to take $65m (£40m) of write-offs in the second quarter because it is unable to raise capital to fund its development programme. As a result, Homestead ...

This content is only available to registered users

You must be logged in to continue

Would you like to read more?

Try Property Week For Free to finish this article.

Unlimited access to Property Week
Breaking news, comment and analysis from industry experts as it happens
Choose from our portfolio of email newsletters

To access this article TRY FOR FREE NOW

Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.

Registered users and subscribers SIGN IN here to continue