FIRST UNION REAL ESTATE EQUITY & MORTGAGE INVESTMENTS
SC 13D/A, EX-99.1, 2000-10-05
REAL ESTATE INVESTMENT TRUSTS
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                                 EXHIBIT 60
           JOINT ACQUISITION STATEMENT PURSUANT TO RULE 13d-1(f)1

          The undersigned acknowledge and agree that the foregoing
statement on Schedule 13D, as amended, relating to the shares of beneficial
interest, $1.00 par value per share of First Union Real Estate Equity and
Mortgage Investments Inc. is filed on behalf of each of the undersigned and
that all subsequent amendments to this statement on Schedule 13D, as
amended, shall be filed on behalf of each of the undersigned without the
necessity of filing additional joint acquisition statements.

The undersigned acknowledge that each shall be responsible for the timely
filing of such amendments, and for the completeness and accuracy of the
information concerning him or it contained therein, but shall not be
responsible for the completeness and accuracy of the information concerning
the other, except to the extent that he or it knows or has reason to
believe that such information is inaccurate.

Dated:  October 4, 2000


                                       GOTHAM PARTNERS, L.P.


                                       By:      Section H Partners, L.P.,
                                                its general partner

                                       By:      Karenina Corporation,
                                                a general partner of Section H
                                                Partners, L.P.




                                       By:
                                        /s/ William A. Ackman
                                       --------------------------
                                       William A. Ackman
                                       President

                                       GOTHAM PARTNERS III, L.P.


                                       By:      Section H Partners, L.P.,
                                                its general partner

                                       By:      Karenina Corporation,
                                                a general partner of Section H
                                                Partners, L.P.

                                       By:
                                        /s/ William A. Ackman
                                       ------------------------
                                       William A. Ackman
                                       President

                                       GOTHAM INTERNATIONAL
                                       ADVISORS, L.L.C.


                                       By:
                                        /s/ William A. Ackman
                                       ------------------------
                                       William A. Ackman
                                       Senior Managing Member



                                       GOTHAM HOLDINGS II, L.L.C.


                                        By:  Gotham Holdings Management LLC,
                                             the Manager

                                        By:
                                         /s/ William A. Ackman
                                        ------------------------
                                        William A. Ackman
                                        Senior Managing Member



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