SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) : August 16, 1999
MORGAN STANLEY CAPITAL I INC., (as depositor under the Pooling and Servicing
Agreement, dated July 1, 1999, which forms the Trust, which will issue the
Morgan Stanley Capital I Inc. Commercial Mortgage Pass-Through Certificates
Series 1999-CAM1).
MORGAN STANLEY CAPITAL I INC.
(Exact name of registrant as specified in its charter)
Delaware 333-62911-04 13-3291626
(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
1585 Broadway, 37th Floor
New York, New York 10036
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code : (212) 761-4000
N/A
(Former name or former address, if changed since last report.)
Page 1 of 4
This report consists of 12 consecutively numbered pages.
<PAGE>
Item 5. Other Events.
This report and the attached exhibit is being filed pursuant to "no-action"
positions taken by the Securities and Exchange Commission with respect to
alternative means of satisfying the Registrant's reporting obligations under the
Securities Exchange Act of 1934, as amended, with respect to the Registrant's
Morgan Stanley Capital I Inc. Commercial Mortgage Pass-Through Certificates,
Series 1999-CAM1 (the "Certificates"). The Certificates were issued, and this
report and exhibit is being filed, pursuant to the terms of the Pooling and
Servicing Agreement, dated as of July 1, 1999 ( the "Agreement"), among Morgan
Stanley Capital I Inc., as depositor, Conning Asset Management Company, as
master servicer and special servicer, and The Chase Manhattan Bank, as trustee.
On August 16, 1999 and September 15, 1999 distributions were made to the
Certificateholders. Specific information with respect to this distribution is
filed as Exhibits 99.1 and 99.2. No other reportable transactions or matters
have occurred during the current reporting period.
Item 7. Financial Statements and Exhibits.
(a) Not applicable
(b) Not applicable
(c) The following exhibits are filed as part of this report:
Statement to Certificateholders on August 16, 1999
as Exhibit 99.1.
Statement to Certificateholders on September 15, 1999
as Exhibit 99.2.
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<PAGE>
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
THE CHASE MANHATTAN BANK,
not in its individual capacity but solely
as Trustee under the Agreement referred
to herein
Date: October 21, 1999 By: /s/ Chanena Velastegui
Chanena Velastegui
Vice President
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<PAGE>
INDEX TO EXHIBITS
Exhibit
Number Description of Exhibits Page
99.1 Monthly Certificateholder Statement on 5
August 16, 1999.
99.2 Monthly Certificateholder Statement on 9
September 15, 1999.
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<PAGE>
Exhibit 99.1
Monthly Certificateholder Statement on August 16, 1999
-5-
<PAGE>
<TABLE>
MORGAN STANLEY CAPITAL I INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1999-CAM1
STATEMENT TO CERTIFICATEHOLDERS
AUGUST 16, 1999
<S> <C> <C>
DISTRIBUTION IN DOLLARS
- -----------------------------------------------------------------------------------------------------------------------------------
ORIGINAL PRIOR CURRENT
FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSSES INTEREST BALANCE
- -----------------------------------------------------------------------------------------------------------------------------------
A_1 95,763,000.00 95,763,000.00 910,539.07 521,908.35 1,432,447.42 0.00 0.00 94,852,460.93
A_2 180,000,000.00 180,000,000.00 622,134.50 1,014,000.00 1,636,134.50 0.00 0.00 179,377,865.50
A_3 167,680,000.00 167,680,000.00 0.00 966,954.67 966,954.67 0.00 0.00 167,680,000.00
A_4 205,751,000.00 205,751,000.00 0.00 1,203,643.35 1,203,643.35 0.00 0.00 205,751,000.00
B 26,209,000.00 26,209,000.00 0.00 155,506.73 155,506.73 0.00 0.00 26,209,000.00
C 26,210,000.00 26,210,000.00 0.00 160,972.02 160,972.02 0.00 0.00 26,210,000.00
D 12,097,000.00 12,097,000.00 0.00 75,605.76 75,605.76 0.00 0.00 12,097,000.00
E 20,161,000.00 20,161,000.00 0.00 126,005.43 126,005.43 0.00 0.00 20,161,000.00
F 8,065,000.00 8,065,000.00 0.00 50,405.92 50,405.92 0.00 0.00 8,065,000.00
G 14,113,000.00 14,113,000.00 0.00 76,915.85 76,915.85 0.00 0.00 14,113,000.00
H 14,112,000.00 14,112,000.00 0.00 76,910.40 76,910.40 0.00 0.00 14,112,000.00
J 6,049,000.00 6,049,000.00 0.00 32,967.05 32,967.05 0.00 0.00 6,049,000.00
K 8,064,000.00 8,064,000.00 0.00 43,948.80 43,948.80 0.00 0.00 8,064,000.00
L 6,049,000.00 6,049,000.00 0.00 32,967.05 32,967.05 0.00 0.00 6,049,000.00
M 6,048,000.00 6,048,000.00 0.00 32,961.60 32,961.60 0.00 0.00 6,048,000.00
N 4,032,000.00 4,032,000.00 0.00 21,974.40 21,974.40 0.00 0.00 4,032,000.00
O 6,052,937.00 6,052,937.00 0.00 32,988.51 32,988.51 0.00 0.00 6,052,937.00
R_III 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------------------------------------------
TOTALS 806,455,937.00 806,455,937.00 1,532,673.57 4,626,635.89 6,159,309.46 0.00 0.00 804,923,263.43
- -----------------------------------------------------------------------------------------------------------------------------------
X 806,455,937.00 806,455,937.00 0.00 413,681.02 413,681.02 0.00 0.00 804,923,263.43
- -----------------------------------------------------------------------------------------------------------------------------------
(C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
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<PAGE>
MORGAN STANLEY CAPITAL I INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1999-CAM1
STATEMENT TO CERTIFICATEHOLDERS
AUGUST 16, 1999
- ----------------------------------------------------------------------------------------- -------------------------------------
FACTOR INFORMATION PER $1,000 OF ORIGINAL FACE PASS-THROUGH RATES
PRIOR CURRENT CURRENT
PRINCIPAL PRINCIPAL PASS-THRU
CLASS CUSIP FACTOR PRINCIPAL INTEREST TOTAL FACTOR CLASS RATE
- ------------------------------------------------------------------------------------------- ------------------------------------
A_1 61745MMW0 1000.00000000 9.50825548 5.45000000 14.95825548 990.49174452 A_1 6.54000000 %
A_2 61745MMX8 1000.00000000 3.45630278 5.63333333 9.08963611 996.54369722 A_2 6.76000000 %
A_3 61745MND1 1000.00000000 0.00000000 5.76666669 5.76666669 1000.00000000 A_3 6.92000000 %
A_4 61745MNE9 1000.00000000 0.00000000 5.85000000 5.85000000 1000.00000000 A_4 7.02000000 %
B 61745MMY6 1000.00000000 0.00000000 5.93333321 5.93333321 1000.00000000 B 7.12000000 %
C 61745MMZ3 1000.00000000 0.00000000 6.14162610 6.14162610 1000.00000000 C 7.36995100 %
D 61745MNA7 1000.00000000 0.00000000 6.24995949 6.24995949 1000.00000000 D 7.49995100 %
E 61745MNB5 1000.00000000 0.00000000 6.24995933 6.24995933 1000.00000000 E 7.49995100 %
F 61745MNC3 1000.00000000 0.00000000 6.24995908 6.24995908 1000.00000000 F 7.49995100 %
G 61745MNF6 1000.00000000 0.00000000 5.45000000 5.45000000 1000.00000000 G 6.54000000 %
H 61745MNG4 1000.00000000 0.00000000 5.45000000 5.45000000 1000.00000000 H 6.54000000 %
J 61745MNH2 1000.00000000 0.00000000 5.45000000 5.45000000 1000.00000000 J 6.54000000 %
K 61745MNJ8 1000.00000000 0.00000000 5.45000000 5.45000000 1000.00000000 K 6.54000000 %
L 61745MNK5 1000.00000000 0.00000000 5.45000000 5.45000000 1000.00000000 L 6.54000000 %
M 61745MNL3 1000.00000000 0.00000000 5.45000000 5.45000000 1000.00000000 M 6.54000000 %
N 61745MNM1 1000.00000000 0.00000000 5.45000000 5.45000000 1000.00000000 N 6.54000000 %
O 61745MNN9 1000.00000000 0.00000000 5.45000055 5.45000055 1000.00000000 O 6.54000000 %
- ------------------------------------------------------------------------------------------- -----------------------------------
If there are any questions or problems with this statement, please contact the Administrator listed below:
---------------------------------------
NINA VELASTEGUI
THE CHASE MANHATTAN BANK - STRUCTURED FINANCE SERVICES
450 WEST 33RD STREET, 14TH FLOOR
NEW YORK, NEW YORK 10001
TEL: 212/946-7600
Email: [email protected]
---------------------------------------
(C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
-7-
<PAGE>
MORGAN STANLEY CAPITAL I INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1999-CAM1
AUGUST 16, 1999
Principal Distribution Amount 1,532,673.57
Aggregate Principal and Interest Advances 214,570.99
Aggregate Stated Principal Balance
Master Servicing Fee Paid 26,917.89
Excess Servicing Fee 102,117.31
Special Servicer Fee 0.00
Trustee Fees 1,682.37
Appraisal Reduction Amounts
Accrued Certificate Interest
Class Unpaid Interest Shortfall
Percentage Premiums/Yield Maintenance Charges
Appraisal Reduction Amounts
Prepayment Interest Shortfall 0.00
Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency
--------------------------------------------------------------------
Group Totals
--------------------------------------------------------------------
Period Number Principal Balance Percentage
--------------------------------------------------------------------
31-60 days 0 0.00 0.00 %
61-90 days 0 0.00 0.00 %
91+ days 0 0.00 0.00 %
Total 0 0.00 0.00 %
--------------------------------------------------------------------
Number and Aggregate Principal Amounts of Mortgage loans in Foreclosure
Group Totals
Number Principal Balance Percentage
--------------------------------------------------
0 0.00 0.00 %
--------------------------------------------------
Number and Aggregate Principal Amounts of REO Loans
Group Totals
Number Principal Balance Percentage
--------------------------------------------------
0 0.00 0.00 %
--------------------------------------------------
-8-
(C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Exhibit 99.2
Monthly Certificateholder Statement on September 15, 1999
-9-
<PAGE>
MORGAN STANLEY CAPITAL I INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1999-CAM1
STATEMENT TO CERTIFICATEHOLDERS
September 15, 1999
DISTRIBUTION IN DOLLARS
- -----------------------------------------------------------------------------------------------------------------------------------
ORIGINAL PRIOR CURRENT
FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSSES INTEREST BALANCE
- -----------------------------------------------------------------------------------------------------------------------------------
A1 95,763,000.00 94,852,460.93 916,559.24 516,945.91 1,433,505.15 0.00 0.00 93,935,901.69
A2 180,000,000.00 179,377,865.50 626,248.05 1,010,495.31 1,636,743.36 0.00 0.00 178,751,617.45
A3 167,680,000.00 167,680,000.00 0.00 966,954.67 966,954.67 0.00 0.00 167,680,000.00
A4 205,751,000.00 205,751,000.00 0.00 1,203,643.35 1,203,643.35 0.00 0.00 205,751,000.00
B 26,209,000.00 26,209,000.00 0.00 155,506.73 155,506.73 0.00 0.00 26,209,000.00
C 26,210,000.00 26,210,000.00 0.00 160,962.75 160,962.75 0.00 0.00 26,210,000.00
D 12,097,000.00 12,097,000.00 0.00 75,601.48 75,601.48 0.00 0.00 12,097,000.00
E 20,161,000.00 20,161,000.00 0.00 125,998.30 125,998.30 0.00 0.00 20,161,000.00
F 8,065,000.00 8,065,000.00 0.00 50,403.07 50,403.07 0.00 0.00 8,065,000.00
G 14,113,000.00 14,113,000.00 0.00 76,915.85 76,915.85 0.00 0.00 14,113,000.00
H 14,112,000.00 14,112,000.00 0.00 76,910.40 76,910.40 0.00 0.00 14,112,000.00
J 6,049,000.00 6,049,000.00 0.00 32,967.05 32,967.05 0.00 0.00 6,049,000.00
K 8,064,000.00 8,064,000.00 0.00 43,948.80 43,948.80 0.00 0.00 8,064,000.00
L 6,049,000.00 6,049,000.00 0.00 32,967.05 32,967.05 0.00 0.00 6,049,000.00
M 6,048,000.00 6,048,000.00 0.00 32,961.60 32,961.60 0.00 0.00 6,048,000.00
N 4,032,000.00 4,032,000.00 0.00 21,974.40 21,974.40 0.00 0.00 4,032,000.00
O 6,052,937.00 6,052,937.00 0.00 32,988.51 32,988.51 0.00 0.00 6,052,937.00
R_III 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------------------------------------------
TOTALS 806,455,937.00 804,923,263.43 1,542,807.29 4,618,145.23 6,160,952.52 0.00 0.00 803,380,456.14
- -----------------------------------------------------------------------------------------------------------------------------------
X 806,455,937.00 804,923,263.43 0.00 412,307.72 412,307.72 0.00 0.00 803,380,456.14
- -----------------------------------------------------------------------------------------------------------------------------------
(C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
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<PAGE>
MORGAN STANLEY CAPITAL I INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1999-CAM1
STATEMENT TO CERTIFICATEHOLDERS
SEPTEMBRE 15, 1999
- ----------------------------------------------------------------------------------------- -------------------------------------
FACTOR INFORMATION PER $1,000 OF ORIGINAL FACE PASS-THROUGH RATES
PRIOR CURRENT CURRENT
PRINCIPAL PRINCIPAL PASS-THRU
CLASS CUSIP FACTOR PRINCIPAL INTEREST TOTAL FACTOR CLASS RATE
- ------------------------------------------------------------------------------------------- ------------------------------------
A1 61745MMW0 990.49174452 9.57112079 5.39817999 14.96930077 980.92062373 A_1 6.54000000 %
A2 61745MMX8 996.54369722 3.47915583 5.61386283 9.09301867 993.06454139 A_2 6.76000000 %
A3 61745MND1 1,000.00000000 0.00000000 5.76666669 5.76666669 1,000.00000000 A_3 6.92000000 %
A4 61745MNE9 1,000.00000000 0.00000000 5.85000000 5.85000000 1,000.00000000 A_4 7.02000000 %
B 61745MMY6 1,000.00000000 0.00000000 5.93333321 5.93333321 1,000.00000000 B 7.12000000 %
C 61745MMZ3 1,000.00000000 0.00000000 6.14127242 6.14127242 1,000.00000000 C 7.36995100 %
D 61745MNA7 1,000.00000000 0.00000000 6.24960569 6.24960569 1,000.00000000 D 7.49995100 %
E 61745MNB5 1,000.00000000 0.00000000 6.24960567 6.24960567 1,000.00000000 E 7.49995100 %
F 61745MNC3 1,000.00000000 0.00000000 6.24960570 6.24960570 1,000.00000000 F 7.49995100 %
G 61745MNF6 1,000.00000000 0.00000000 5.45000000 5.45000000 1,000.00000000 G 6.54000000 %
H 61745MNG4 1,000.00000000 0.00000000 5.45000000 5.45000000 1,000.00000000 H 6.54000000 %
J 61745MNH2 1,000.00000000 0.00000000 5.45000000 5.45000000 1,000.00000000 J 6.54000000 %
K 61745MNJ8 1,000.00000000 0.00000000 5.45000000 5.45000000 1,000.00000000 K 6.54000000 %
L 61745MNK5 1,000.00000000 0.00000000 5.45000000 5.45000000 1,000.00000000 L 6.54000000 %
M 61745MNL3 1,000.00000000 0.00000000 5.45000000 5.45000000 1,000.00000000 M 6.54000000 %
N 61745MNM1 1,000.00000000 0.00000000 5.45000000 5.45000000 1,000.00000000 N 6.54000000 %
O 61745MNN9 1,000.00000000 0.00000000 5.45000055 5.45000055 1,000.00000000 O 6.54000000 %
- ------------------------------------------------------------------------------------------- -----------------------------------
TOTALS 998.09949496 1.91307078 5.72646938 7.63954016 996.18642418
- ------------------------------------------------------------------------------------------- -----------------------------------
X 61745MNP4 998.09949496 0.00000000 0.51125883 0.51125883 996.18642418
- ------------------------------------------------------------------------------------------- -----------------------------------
- ------------------------------------------------------------------------------------------- -----------------------------------
If there are any questions or problems with this statement, please contact the Administrator listed below:
---------------------------------------
NINA VELASTEGUI
THE CHASE MANHATTAN BANK - STRUCTURED FINANCE SERVICES
450 WEST 33RD STREET, 14TH FLOOR
NEW YORK, NEW YORK 10001
TEL: 212/946-7600
Email: [email protected]
---------------------------------------
(C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
-11-
<PAGE>
MORGAN STANLEY CAPITAL I INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1999-CAM1
SEPTEMBER 15, 1999
Principal Distribution Amount 1,542,807.29
Aggregate Principal and Interest Advances
Aggregate Stated Principal Balance
Master Servicing Fee Paid 26,866.74
Excess Servicing Fee 101,931.16
Special Servicer Fee 0.00
Trustee Fees 1,679.17
Appraisal Reduction Amounts
Accrued Certificate Interest
Class Unpaid Interest Shortfall
Percentage Premiums/Yield Maintenance Charges
Appraisal Reduction Amounts
Prepayment Interest Shortfall 0.00
Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency
Group Totals
Period Number Principal Balance Percentage
--------------------------------------------------------------------
31-60 days 0 0.00 0.00 %
61-90 days 0 0.00 0.00 %
91+ days 0 0.00 0.00 %
Total 0 0.00 0.00 %
--------------------------------------------------------------------
-12-
(C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
</TABLE>
