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) : October 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 October 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 October 15, 1999
as Exhibit 99.1.
-2-
<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 25, 1999 By: /s/ Chanena Velastegui
Chanena Velastegui
Vice President
-3-
<PAGE>
INDEX TO EXHIBITS
Exhibit
Number Description of Exhibits Page
99.1 Monthly Certificateholder Statement on 5
October 15, 1999.
-4-
<PAGE>
Exhibit 99.1
Monthly Certificateholder Statement on October 15, 1999
-5-
<PAGE>
<TABLE>
MORGAN STANLEY CAPITAL I INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1999-CAM1
STATEMENT TO CERTIFICATEHOLDERS
OCTOBER 15, 1999
<S> <C> <C>
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 93,935,901.69 1,105,802.42 511,950.66 1,617,754.08 0.00 0.00 92,830,098.27
A2 180,000,000.00 178,751,617.45 755,550.98 1,006,967.44 1,762,518.42 0.00 0.00 177,996,066.47
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 0.00 155,506.73 155,606.73 0.00 0.00 26,209,000.00
C 26,210,000.00 26,210,000.00 0.00 160,747.02 160,747.02 0.00 0.00 26,210,000.00
D 12,097,000.00 12,097,000.00 0.00 75,501.91 75,501.91 0.00 0.00 12,097,000.00
E 20,161,000.00 20,161,000.00 0.00 125,832.36 125,832.36 0.00 0.00 20,161,000.00
F 8,065,000.00 8,065,000.00 0.00 50,336.69 50,336.69 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 806,455,937.00 803,380,456.14 1,661,354.40 4,609,074.49 6,470,428.89 0.00 0.0 801,519,101.74
- -----------------------------------------------------------------------------------------------------------------------------------
X 806,455,937.00 803,380.456.14 0.00 405,124.22 405,124.22 0.00 0.0 801,519,101.74
- -----------------------------------------------------------------------------------------------------------------------------------
(C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
-6-
<PAGE>
MORGAN STANLEY CAPITAL I INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1999-CAM1
STATEMENT TO CERTIFICATEHOLDERS
OCTOBER 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 61745MMWO 980.92062373 11.54729300 5.34601736 16.89331036 969.37333072 A1 6.540000%
A2 61745MMX8 993.06454139 4.19750544 5.59426356 9.79176900 988.86703594 A2 6.760000%
A3 61745MND1 1,000.00000000 0.00000000 5.76666669 5.76666669 1,000.00000000 A3 6.920000%
A4 61745MNE9 1,000.00000000 0.00000000 5.85000000 5.85000000 1,000.00000000 A4 7.020000%
B 61745MMY6 1,000.00000000 0.00000000 5.93333321 5.93333321 1,000.00000000 B 7.120000%
C 61745MMZ3 1,000.00000000 0.00000000 6.13304159 6.13304159 1,009.00000000 C 7.359650%
D 61745MNA7 1,000.00000000 0.00000000 6.24137472 6.24137472 1,000.00000000 D 7.489650%
E 61745MNB5 1,000.00000000 0.00000000 6.24137493 6.24137493 1,000.00000000 E 7.489650%
F 61745MNC3 1,000.00000000 0.00000000 6.24137508 6.24137508 1,000.00000000 F 7.489650%
G 61745MNF6 1,000.00000000 0.00000000 5.45000000 5.45000000 1,000.00900000 G 6.540000%
H 61745MNG4 1,000.00000000 0.00000000 5.45000000 5.45000000 1,000.00000000 H 6.540000%
J 61745MNH2 1,000.00000000 0.00000000 5.45000000 5.45000000 1,000.00000000 J 6.540000%
K 61745MN 1,000.00000000 0.00000000 5.45000000 5.45000000 1,000.00000000 K 6.540000%
L 61745MNK5 1,000.00000000 0.00000000 5.45000000 5.45000000 1,000.00000000 L 6.540000%
M 61745MNL3 1,000.00000000 0.00000000 5.45000001 5.45090000 1,000.00000000 M 6.540000%
N 61745MNM1 1,000.00000000 0.00000000 5.45000000 5.45000000 1,000.00000000 N 6.540000%
O 61745MNN9 1,000.00000000 0.00000000 5.45000055 5.45000055 1,000.00000000 O 6.540000%
- ------------------------------------------------------------------------------------------- ------------------------------------
TOTALS 996.18642418 2.30806708 5.71522172 8.02328880 993.87835710
- ------------------------------------------------------------------------------------------- ------------------------------------
X 61745MNP4 996.18642418 0.00000000 0.50235134 0.50235134 993.87835710 X 0.605129%
- ------------------------------------------------------------------------------------------- ------------------------------------
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
OCTOBER 15, 1999
Principal Distribution Amount 1,861,354.40
Aggregate Principal and Interest Advances
Aggregate Stated Principal Balance
Master Servicing Fee Paid 26,779.34
Excess Servicing Fee 101,631.35
Special Servicer Fee 0.00
Trustee Fees 1,673.71
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 %
--------------------------------------------------------------------
-8-
(C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
</TABLE>
