SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
Date of Report: July 9, 1999
- ---------------------------------
(Date of earliest event reported)
Morgan Stanley Capital I Inc.
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(Exact name of registrant as specified in its charter)
Delaware 333-62911-04 13-3291626
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(State or Other (Commission (I.R.S. Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
1585 Broadway, New York, N.Y. 10036
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 761-4000
<PAGE>
ITEM 5. OTHER EVENTS.
Attached are certain computational materials (the "Computational
Materials") furnished to the Registrant by Morgan Stanley & Co. Incorporated,
Donaldson, Lufkin & Jenrette Securities Corporation and Prudential Securities
Incorporated (the "Underwriters"), the Underwriters in respect of the
Registrant's proposed offering of Commercial Mortgage Pass-Through Certificates,
Series 1999-CAM1 (the "Certificates"). The Certificates will be offered pursuant
to a Prospectus and related Prospectus Supplement (together, the "Prospectus"),
which will be filed with the Commission pursuant to Rule 424 under the
Securities Act of 1933, as amended (the "Act"). The Certificates will be
registered pursuant to the Act under the Registrant's Registration Statement on
Form S-3 (No. 333-62911-04) (the "Registration Statement"). The Registrant
hereby incorporates the Computational Materials by reference in the Registration
Statement.
The Computational Materials were prepared solely by the
Underwriters, and the Registrant did not prepare or participate in the
preparation of the Computational Materials.
Any statement or information contained in the Computational
Materials shall be modified and superseded for purposes of the Prospectus and
the Registration Statement by statements or information contained in the
Prospectus.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibits
Exhibit 99 Computational Materials.
<PAGE>
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on behalf of the
Registrant by the undersigned thereunto duly authorized.
MORGAN STANLEY CAPITAL I INC.
By: /S/ RUSSELL RAHBANY
--------------------------
Name: Russell Rahbany
Title: Vice President
Date: July 9, 1999
<PAGE>
EXHIBIT INDEX
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Item 601(a) of
Regulation S-K
Exhibit No. Description Page
- ----------- ----------- ----
99 Computational Materials
<TABLE>
MSCI 1999-CAM1
SINGLE TENANT PROPERTIES
<CAPTION>
Tab# Loan No Property Name Current Balance Current LTV Largest Tenant
---- ------- ------------- --------------- ----------- --------------
<S> <C> <C> <C> <C> <C>
4 00110496 Picture Tel Office Building $17,756,107 46.7% PictureTel Corporation
7 11710552 Walsh Research Center $14,347,808 70.0% Electronic Man. Systems, Inc.(1)
14 11710482 Ingram Micro Inc. Facility $10,640,384 48.4% Ingram Micro, Inc.
17 11710516 Federal Express $9,316,456 74.5% Federal Express
20 00110484 Fort Collier Industrial Park $8,764,095 50.1% Southeastern Container, Inc.
21 00110434 Battelle Environmental Technology Bldg. $8,614,708 57.4% Battelle Memorial Institute
26 00110461 Sonora Quest Laboratories $8,120,686 73.8% Sonora Quest Laboratories
28 00110433 Battelle Energy & Environmental Sciences Bldg. $7,840,352 56.0% Battelle Memorial Institute
of America, Inc.
29 00109866 Encino Spectrum $7,798,047 69.3% The Motion Picture Association of
America, Inc.
33 11710395 Federal Express $7,509,920 65.9% Federal Express
39 00110513 First Data Office Building $7,044,946 74.2% First Data Resources, Inc.
56 00110362 Orthologics Building $5,662,021 70.8% Orthologic Corp.
57 00110512 General Instruments Building $5,590,556 71.7% General Instruments Corp.
58 00109910 Home Depot $5,590,230 91.4% Home Depot
59 11710574 1875 Charleston Road $5,366,560 46.3% OmniOffices, Inc.
62 00110476 MA Bioservices $5,147,586 75.1% MA Bioservices
63 00109717 65 K Street $5,038,665 56.7% D.C. - D.P.W.
64 11710562 655 5th Avenue $5,000,000 25.0% Japan Airlines
66 00109811 Best Buy $4,933,616 81.7% Best Buy
68 00109710 6006 Executive Boulevard $4,769,832 68.0% GSA (2)
73 00109807 Best Buy $4,334,333 83.6% Best Buy
75 00110227 Lithonia Lighting West Building $4,222,763 61.3% National Service Industries
79 00109472 Prince Frederick Office Park $4,195,792 40.3% US Army Corps of Engineers
80 00109781 Bay Tree Village $3,400,147 79.7% Publix Super Market
81 00109779 Bugaboo Steak House $755,588 79.7% Bugaboo Creek Steak House
84 00110223 Merit Abrasiveproducts Inc. $3,956,036 67.1% Merit Abrasive Products
86 11710393 DSHS Office Building $3,711,572 70.6% Dept. of Social & Health Services
88 00109873 Best Buy $3,681,463 74.3% Best Buy
90 00109785 Best Buy $3,649,630 74.0% Best Buy
91 00109825 Circuit City - Colorado Springs $3,431,393 82.8% Circuit City
100 00109722 Mizner Place $3,057,427 62.7% Dean Witter Reynolds
101 00109791 Kroger $3,044,970 71.6% Kroger
102 00109374 Food 4 Less $3,041,913 67.4% Fleming Foods West, Inc.
104 00109859 Linens N' Things $3,002,944 79.9% Linens 'N' Things
107 3314 Walgreens $2,996,369 72.4% Walgreens
108 00109595 Cahners Publishing Company $2,935,451 71.2% Reed Publishing (USA) Inc.
112 00109835 2199 Innerbelt Business Center Drive $2,754,074 77.0% Clayco Construction Company
113 00109582 Kohl's $2,730,798 71.9% Kohls Department Stores, Inc.
114 00109794 Office Max $2,717,802 77.5% Office Max
115 00110463 Meadows Pavillion II $2,683,897 72.6% Orion CEM, Inc.
117 00110150 1371 & 1375 N. Miller Street $2,653,366 51.6% Datatech Depot, Inc.
121 00110561 Federal Express $2,391,234 49.3% Federal Express
122 00109189 Behr Processing Building $2,354,579 69.4% Behr Process Corporation
124 00109381 Walgreens $2,319,467 70.7% Walgreens (3)
125 11710502 Eckerd Drug Store $2,280,279 73.6% Eckerd Drugs
126 00110270 Shop N' Kart Discount Grocery $2,262,922 72.7% Shop 'N' Kart Discount Grocery
127 00110098 Office Max $2,243,737 75.6% Office Max
128 11710504 Eckerd Drug Store $2,230,258 72.6% Eckerd Drugs
129 00110132 Office Max $2,216,658 82.6% Office Max
130 00110113 DEA Building $2,203,906 62.5% US Drug Enforcement Agency
134 3265 Walgreens $1,853,071 59.8% Walgreens
136 00109951 Probity International Corp $1,831,682 54.1% Blockbuster Music
137 00109587 NOAA-National Weather Service Building $1,797,159 72.8% National Oceanic & Atmospheric
Administration U.S. Department
of Commerce
139 00102385 2400 E. Francis $1,727,502 47.5% Kim Lighting, Inc.
140 00110300 Walgreens $1,710,090 66.3% Walgreens
141 00109959 Walgreens $1,674,970 78.1% Walgreens
143 00108919 Ames Department Store $1,517,427 59.8% Ames Department Store
144 00110446 Eckerd Drug Store $1,473,701 70.0% Eckerd Drugs
146 00110273 Harstad/Coates Industrial Park $1,328,168 55.3% Primesource
148 00109510 Walgreens $1,156,706 60.4% Walgreens
149 00109521 Walgreens $1,128,736 71.0% Walgreens
151 00109383 Walgreens $967,171 73.2% Walgreens
153 00109644 Blockbuster Video $901,914 51.7% Blockbuster Video (4)
(1) ONE TENANT WITH TWO LEASES.
(2) ONE TENANT WITH TWO LEASES.
(3) THREE PROPERTIES, ALL LEASED TO WALGREENS. LEASE EXPIRATION GIVEN IS THE
DATE OF THE EARLIEST EXPIRATION.
(4) TWO PROPERTIES, EACH LEASED TO BLOCKBUSTER. LEASE EXPIRATION GIVEN IS THE
DATE OF THE EARLIEST EXPIRATION.
</TABLE>
<PAGE>
MSCI 1999-CAM1
SINGLE TENANT PROPERTIES
(continued)
Tab# Lease Expiration Maturity Date Balloon LTV
---- ---------------- ------------- -----------
4 10/31/16 01/01/2017 0.0%
7 5/31/2004 & 6/30/2003 03/01/2004 65.8%
14 9/30/13 11/01/2013 28.8%
17 11/14/13 02/01/2009 59.0%
20 3/31/13 09/01/2007 0.0%
21 9/30/04 09/01/2013 0.0%
26 7/31/08 11/01/2008 50.1%
28 9/30/03 09/01/2013 0.0%
29 5/31/08 02/01/2011 30.9%
33 1/15/12 05/01/2012 51.2%
39 7/31/08 02/01/2009 59.1%
56 1/31/08 07/01/2008 48.4%
57 8/31/05 02/01/2009 56.9%
58 1/31/16 05/01/2016 0.0%
59 11/14/13 05/01/2014 0.0%
62 9/30/13 11/01/2008 59.7%
63 12/31/04 01/01/2005 33.9%
64 4/29/03 05/01/2004 25.0%
66 10/30/15 12/01/2010 55.1%
68 8/21/2004 & 2/15/2005 05/01/2005 46.5%
73 11/2/15 11/01/2015 33.9%
75 4/7/04 11/01/2012 0.0%
79 4/4/09 05/01/2009 0.5%
80 12/31/12 11/01/2005 67.7%
81 5/31/09 11/01/2005 67.7%
84 2/14/20 11/01/2007 48.3%
86 11/30/07 04/01/2008 34.0%
88 11/16/15 03/01/2016 0.0%
90 9/22/15 10/01/2015 0.0%
91 12/14/15 01/01/2016 0.0%
100 4/1/05 06/01/2005 48.9%
101 5/31/15 12/01/2015 0.0%
102 9/1/12 10/01/2012 0.0%
104 1/31/11 02/01/2011 39.6%
107 3/31/19 05/31/2009 57.2%
108 5/31/09 08/01/2014 0.0%
112 10/31/15 01/01/2009 45.0%
113 1/25/15 07/01/2014 0.0%
114 1/31/15 01/01/2015 0.0%
115 3/31/06 11/01/2008 64.1%
117 2/28/01 06/01/2015 0.0%
121 10/31/03 04/01/2009 39.0%
122 12/31/00 02/01/2006 52.3%
124 6/30/10 12/01/2011 0.0%
125 1/20/18 01/01/2018 30.0%
126 2/13/11 02/01/2018 0.0%
127 9/20/15 09/01/2015 0.0%
128 8/27/17 08/01/2017 31.3%
129 2/28/17 04/01/2017 0.0%
130 11/13/06 02/01/2017 0.0%
134 12/31/13 04/01/2014 36.5%
136 8/31/04 07/01/2008 0.0%
137 6/30/14 07/01/2012 0.0%
139 11/1/03 12/01/2005 34.9%
140 10/31/17 07/01/2017 6.2%
141 5/31/16 08/01/2016 0.0%
143 1/31/15 04/01/2010 0.0%
144 4/29/17 04/01/2017 0.0%
146 12/31/06 02/01/2013 0.0%
148 12/31/13 03/01/2014 0.0%
149 11/30/13 03/01/2014 0.0%
151 9/30/12 12/01/2012 0.0%
153 6/30/04 11/01/2009 0.0%
