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) : December 15, 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 8 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 December 15, 1999 distributions were made to the Certificateholders. Specific
information with respect to this distribution is filed as Exhibit 99.1. 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 December 15, 1999
as Exhibit 99.1.
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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: December 16, 1999 By: /s/ Nina Velastegui
Nina Velastegui
Assistant Vice President
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<PAGE>
INDEX TO EXHIBITS
Exhibit
Number Description of Exhibits Page
99.1 Monthly Certificateholder Statement on 5
December 15, 1999.
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<PAGE>
Exhibit 99.1
Monthly Certificateholder Statement on December 15, 1999
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<PAGE>
<TABLE>
Distribution Date: 15-Dec-1999
Record Date: 30-Nov-1999
Closing Date: 21-Jul-1999
Next Pmt Date: 18-Jan-2000
Maturity Date: 15-Mar-2032
MORGAN STANLEY CAPITAL I INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1999-CAM1
STATEMENT TO CERTIFICATEHOLDERS
<S> <C> <C>
CERTIFICATE DISTRIBUTION DETAIL
DISTRIBUTION IN DOLLARS
- -----------------------------------------------------------------------------------------------------------------------------------
ORIGINAL BEGINNING REALIZED PREPAYMENT ENDING
FACE PRINCIPAL LOSSES/TRUST PREMIUMS/YIELD PRINCIPAL
CLASS VALUE BALANCE INTEREST PRINCIPAL TOTAL EXPENSES MAINT CHARGES BALANCE
- ---------------------------------------------------------------------------------------------------------------------------------
A1 95,763,000.00 91,900,175.62 500,855.96 939,888.21 1,440,744.17 0.00 0.00 90,960,287.41
A2 180,000,000.00 177,360,687.75 999,131.87 642,187.79 1,641,319.66 0.00 0.00 176,718,499.96
A3 167,680,000.00 167,680,000.00 966,954.67 0.00 966,954.67 0.00 0.00 167,680,000.00
A4 205,751,000.00 205,751,000.00 1,203,643.35 0.00 1,203,643.35 0.00 0.00 205,751,000.00
B 26,209,000.00 26,209,000.00 155,506.73 0.00 155,506.73 0.00 0.00 26,209,000.00
C 26,210,000.00 26,210,000.00 160,723.98 0.00 160,723.98 0.00 0.00 26,210,000.00
D 12,097,000.00 12,097,000.00 75,491.28 0.00 75,491.28 0.00 0.00 12,097,000.00
E 20,161,000.00 20,161,000.00 125,814.63 0.00 125,814.63 0.00 0.00 20,161,000.00
F 8,065,000.00 8,065,000.00 50,329.60 0.00 50,329.60 0.00 0.00 8,065,000.00
G 14,113,000.00 14,113,000.00 76,915.85 0.00 76,915.85 0.00 0.00 14,113,000.00
H 14,112,000.00 14,112,000.00 76,910.40 0.00 76,910.40 0.00 0.00 14,112,000.00
J 6,049,000.00 6,049,000.00 32,967.05 0.00 32,967.05 0.00 0.00 6,049,000.00
K 8,064,000.00 8,064,000.00 43,948.80 0.00 43,948.80 0.00 0.00 8,064,000.00
L 6,049,000.00 6,049,000.00 32,967.05 0.00 32,967.05 0.00 0.00 6,049,000.00
M 6,048,000.00 6,048,000.00 32,961.60 0.00 32,961.60 0.00 0.00 6,048,000.00
N 4,032,000.00 4,032,000.00 21,974.40 0.00 21,974.40 0.00 0.00 4,032,000.00
O 6,052,937.00 6,052,937.00 32,988.51 0.00 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 806,455,937.00 799,953,800.37 4,590,085.73 1,582,076.00 6,172,161.73 0.00 0.00 798,371,724.37
- ---------------------------------------------------------------------------------------------------------------------------------
X 806,455,937.00 799,953,800.37 402,022.51 0.00 402,022.51 0.00 0.00 798,371,724.37
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FACTOR INFORMATION PER $1,000 OF ORIGINAL FACE
- ----------------------------------------------------------------------------------------- -------------------------------------
BEGINNING REALIZED PP/YMC ENDING CURRENT
PRINCIPAL LOSSES FACTOR PRINCIPAL PASS-THRU
CLASS CUSIP FACTOR INTEREST PRINCIPAL TOTAL FACTOR FACTOR RATE
- ------------------------------------------------------------------------------------------- ------------------------------------
A1 61745MMW0 959.66266324 5.23016154 9.81473231 15.04489385 0.00000000 0.00000000 949.84793093 6.54000000%
A2 61745MMX8 985.33715417 5.55073261 3.56770994 9.11844256 0.00000000 0.00000000 981.76944422 6.76000000%
A3 61745MND1 1,000.00000000 5.76666669 0.00000000 5.76666669 0.00000000 0.00000000 1,000.00000000 6.92000000%
A4 61745MNE9 1,000.00000000 5.85000000 0.00000000 5.85000000 0.00000000 0.00000000 1,000.00000000 7.02000000%
B 61745MMY6 1,000.00000000 5.93333321 0.00000000 5.93333321 0.00000000 0.00000000 1,000.00000000 7.12000000%
C 61745MMZ3 1,000.00000000 6.13216253 0.00000000 6.13216253 0.00000000 0.00000000 1,000.00000000 7.35859500%
D 61745MNA7 1,000.00000000 6.24049599 0.00000000 6.24049599 0.00000000 0.00000000 1,000.00000000 7.48859500%
E 61745MNB5 1,000.00000000 6.24049551 0.00000000 6.24049551 0.00000000 0.00000000 1,000.00000000 7.48859500%
F 61745MNC3 1,000.00000000 6.24049597 0.00000000 6.24049597 0.00000000 0.00000000 1,000.00000000 7.48859500%
G 61745MNF6 1,000.00000000 5.45000000 0.00000000 5.45000000 0.00000000 0.00000000 1,000.00000000 6.54000000%
H 61745MNG4 1,000.00000000 5.45000000 0.00000000 5.45000000 0.00000000 0.00000000 1,000.00000000 6.54000000%
J 61745MNH2 1,000.00000000 5.45000000 0.00000000 5.45000000 0.00000000 0.00000000 1,000.00000000 6.54000000%
K 61745MNJ8 1,000.00000000 5.45000000 0.00000000 5.45000000 0.00000000 0.00000000 1,000.00000000 6.54000000%
L 61745MNK5 1,000.00000000 5.45000000 0.00000000 5.45000000 0.00000000 0.00000000 1,000.00000000 6.54000000%
M 61745MNL3 1,000.00000000 5.45000000 0.00000000 5.45000000 0.00000000 0.00000000 1,000.00000000 6.54000000%
N 61745MNM1 1,000.00000000 5.45000000 0.00000000 5.45000000 0.00000000 0.00000000 1,000.00000000 6.54000000%
O 61745MNN9 1,000.00000000 5.45000055 0.00000000 5.45000055 0.00000000 0.00000000 1,000.00000000 6.54000000%
R_III N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000%
- ------------------------------------------------------------------------------------------- ------------------------------------
TOTALS 991.93739381 5.69167579 1.96176372 0.00000000 0.00000000 0.00000000 989.97563009
- ------------------------------------------------------------------------------------------- ------------------------------------
X 61745MNP4 991.93739381 0.49850524 0.00000000 0.49850524 0.00000000 0.00000000 989.97563009 0.60306900%
- ------------------------------------------------------------------------------------------- ------------------------------------
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
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<PAGE>
Distribution Date: 15-Dec-1999
Record Date: 30-Nov-1999
Closing Date: 21-Jul-1999
Next Pmt Date: 18-Jan-2000
Maturity Date: 15-Mar-2032
MORGAN STANLEY CAPITAL I INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1999-CAM1
STATEMENT TO CERTIFICATEHOLDERS
CERTIFICATE DISTRIBUTION DETAIL
Available Funds 6,574,184.24
Principal Distribution Amount 1,582,076.00
Prepayment Interest Shortfall 0.00
Default Interest 0.00
Excess Interest 0.00
Extraordinary Trust Fund Expenses 0.00
Interest Reserve Account 0.00
Deposits N/A
Withdrawals N/A
Balance Information
Group Beg Loan Count Beg Sched Balance Beg Unpaid Balance End Loan Count End Sched Balance End Unpaid Balance
- ----------------------------------------------------------------------------------------------------------------------------------
1 152 799,953,800.37 800,211,085.54 152 798,371,724.37 798,439,374.59
- ----------------------------------------------------------------------------------------------------------------------------------
Totals 152 799,953,800.37 800,211,085.54 152 798,371,724.37 798,439,374.59
- ----------------------------------------------------------------------------------------------------------------------------------
Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency
---------------------------------------------------------------------------
Aggregated
Period Number Principal Balance Percentage
---------------------------------------------------------------------------
less than 1 month 7 29,150,046.07 0.00000088%
1 month 0 0.00 0.00000000%
2 months 0 0.00 0.00000000%
3+ months 0 0.00 0.00000000%
In foreclosure 0 0.00 0.00000000%
REO 0 0.00 0.00000000%
---------------------------------------------------------------------------
Totals 7 29,150,046.07 0.00000088%
---------------------------------------------------------------------------
Prepayment Penalties
Class Prepayment Yield
Premium Maintenance
--------------------------------------------
A1 0.00 0.00
A2 0.00 0.00
A3 0.00 0.00
A4 0.00 0.00
X 0.00 0.00
B 0.00 0.00
C 0.00 0.00
D 0.00 0.00
E 0.00 0.00
F 0.00 0.00
G 0.00 0.00
H 0.00 0.00
J 0.00 0.00
K 0.00 0.00
L 0.00 0.00
M 0.00 0.00
N 0.00 0.00
O 0.00 0.00
R_III 0.00 0.00
-------------------------------------------
TOTALS 0.00 0.00
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(C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Distribution Date: 15-Dec-1999
Record Date: 30-Nov-1999
Closing Date: 21-Jul-1999
Next Pmt Date: 18-Jan-2000
Maturity Date: 15-Mar-2032
MORGAN STANLEY CAPITAL I INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1999-CAM1
STATEMENT TO CERTIFICATEHOLDERS
CERTIFICATE DISTRIBUTION DETAIL
Advance summary
Principal & Interest Advances
Current Principal & Interest Advances 303,248.11
Outstanding Principal & Interest Advances 303,248.11
Reimbursement of Interest on any P&I Advances 0.00
Servicing Advances
Current Servicing Advances 0.00
Outstanding Servicing Advances 0.00
Reimbursement of Interest on any Servicing Advances 0.00
Fee Summary
Master Servicing Fees 26,665.13
Excess Servicing Fees 101,222.37
Sub-Servicing Fees 0.00
Trustee Fees 1,666,57
Special Servicer Fee 0.00
Disposition Fee 0.00
Workout Fee 0.00
Appraisal Reduction Amounts
-----------------------------------------------------------
Loan Number Appraisal Appraisal
Reduction Effected Reduction Amount
Date
-----------------------------------------------------------
none
-----------------------------------------------------------
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</TABLE>
