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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): March 9, 1999
MORGAN STANLEY CAPITAL I INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 333-62911 13-3291626
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(State or Other (Commission File Number) (I.R.S. Employer
Jurisdiction Incorporation) Identification Number)
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1585 Broadway
2nd Floor
New York, New York 10036
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(principal executive offices)
(212) 761-4000
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<PAGE>
Item 2. ACQUISITION OR DISPOSITION OF ASSETS
On March 9, 1999, a single series of certificates, entitled Morgan
Stanley Capital I Inc. Commercial Mortgage Pass-Through Certificates, Series
1999-RM1 (the "Certificates"), was issued pursuant to a pooling and servicing
agreement dated as of March 1, 1999 (the "Pooling and Servicing Agreement"),
among Morgan Stanley Capital I Inc. (the "Depositor") as depositor, AMRESCO
Services, L.P., as master servicer, Banc One Mortgage Capital Markets LLC, as
special servicer, LaSalle National Bank, as Trustee and ABN Amro Bank N.V., as
fiscal agent. The Certificates consist of nineteen classes identified as the
"Class A1 Certificates," the "Class A2 Certificates," the "Class X
Certificates," the "Class B Certificates," the "Class C Certificates," the
"Class D Certificates," the "Class E Certificates," the "Class F Certificates,"
the "Class G Certificates," the "Class H Certificates," the "Class J
Certificates," the "Class K Certificates," the "Class L Certificates," the
"Class M Certificates," the "Class N Certificates," the "Class O Certificates,"
the "Class R-I Certificates," the "Class R-II Certificates," and the "Class
R-III Certificates," respectively, and were issued in exchange for, and evidence
the entire beneficial ownership interest in, the assets of a trust fund (the
"Trust Fund") consisting primarily of a segregated pool (the "Mortgage Pool") of
221 fixed rate, multifamily and commercial mortgage loans (the "Mortgage Loans")
having, as of the close of business on March 1, 1999 (the "Cut-off Date"), an
aggregate principal balance of $859,350,407, after taking into account all
payments of principal due on the Mortgage Loans on or before such date, whether
or not received.
<PAGE>
The Class A1 Certificates have an initial Class Principal Balance of
$183,000,000. The Class A2 Certificates have an initial Class Principal Balance
of $429,287,000. The Class X Certificates have an initial Class Notional Amount
of $859,350,407. The Class B Certificates have an initial Class Principal
Balance of $42,967,000. The Class C Certificates have an initial Class Principal
Balance of $45,116,000. The Class D Certificates have an initial Class Principal
Balance of $12,890,000. The Class E Certificates have an initial Class Principal
Balance of $34,374,000. The Class F Certificates have an initial Class Principal
Balance of $17,187,000. The Class G Certificates have an initial Class Principal
Balance of $10,742,000. The Class H Certificates have an initial Class Principal
Balance of $23,632,000. The Class J Certificates have an initial Class Principal
Balance of $8,594,000. The Class K Certificates have an initial Class Principal
Balance of $12,890,000. The Class L Certificates have an initial Class Principal
Balance of $6,445,000. The Class M Certificates have an initial Certificate
Principal Amount of $8,594,000. The Class N Certificates have an initial
Certificate Principal Amount of $8,593,000. The Class O Certificates have an
initial Certificate Principal Amount of $15,039,407. Capitalized terms used and
not otherwise defined herein shall have the meanings assigned to them in the
Pooling and Servicing Agreement.
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) Financial Statements of Business Acquired
Not applicable.
(b) Pro Forma Financial Information
Not applicable.
(c) Exhibits.
Exhibit No.
of Item 601 of
Exhibit No. Regulation S-K Description
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4.1 4 Schedules I, II and III to the Pooling and
Servicing Agreement dated as of March 1, 1999
among Morgan Stanley Capital I Inc. as
depositor, AMRESCO Services, L.P., as master
servicer, Banc One Mortgage Capital Markets
LLC, as special servicer, LaSalle National
Bank, as trustee, and ABN Amro Bank N.V., as
fiscal agent.
2
<PAGE>
SIGNATURES
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 thereunto duly authorized.
Dated: March 26, 1999
MORGAN STANLEY CAPITAL I INC.
By: /s/ ANDREW BERMAN
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Name: Andrew Berman
Title: Vice President
3
<PAGE>
Schedule I
Mortgage Loan Schedule
MSMC 1999-RM1
Morgan Stanley Loans
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Original Principal
Loan No.Seller(1) Property Name(2) Balance
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1 MS Key West Hilton Resort $37,260,000
3 MS Cupertino Village Shopping Center $21,250,000
7 MS Alexandria Courtyard Marriott Hotel $12,750,000
10 MS Four Allegheny Office Center $10,556,023
11 MS Town Center Lodge Motel (I) $2,210,000
12 MS Decatur Lodge Motel (I) $2,200,000
13 MS Fulton Lodge Motel (I) $2,080,000
14 MS Douglasville Lodge Motel (I) $1,950,000
15 MS West Georgia Lodge Motel (I) $1,440,000
16 MS East Point Lodge Motel (I) $580,000
17 MS Holiday Inn Hotel- Bar Harbor $9,520,000
18 MS Kirkwood Crossings Office and Retail Building $9,000,000
24 MS 525 Almanor Industrial Building $8,000,000
26 MS Lucky/Long's Plaza Shopping Center $7,900,000
29 MS Manekin Industrial Portfolio (II) $7,050,000
34 MS 2040-2060 Corporate Court Industrial $7,350,000
36 MS Bon Air Professional Center $6,450,000
37 MS Woodside Apartments $6,400,000
39 MS Alicia Valencia Plaza Shopping Center $6,285,000
41 MS Bayport Marina Plaza Industrial $6,000,000
46 MS Merchants Centre $5,600,000
49 MS 788 North Jefferson Office Building $5,500,000
51 MS Taft Corners Shopping Center $5,371,500
52 MS Mickelberry Shopping Center $5,358,306
60 MS Sunset Plaza Shopping Center $4,653,744
63 MS Commerce Office Building (IV) $2,962,050
64 MS Medical & Professional Office Building (IV) $1,587,950
67 MS Minaret Village Retail and Office Center $4,500,000
70 MS 499 University Avenue $4,400,000
73 MS Hennepin Square Office Building $4,300,000
74 MS Brandywine III Apartments $4,275,000
79 MS Lake Union Office Building $4,050,000
80 MS Via Alamos Apartments $4,000,000
83 MS San Fernando Industrial Building $3,900,000
85 MS Kirby Plaza Office Building $3,775,000
86 MS 800 South Broadway Office Building $3,700,000
88 MS Summit Apartments $3,600,000
90 MS Laguna Self Storage $3,585,824
91 MS Hughes Towers Apartments $3,577,500
93 MS Temple Medical Office Building $3,500,000
96 MS Strathmore Towers Apartments $3,450,000
97 MS 69 Hickory Drive Office Building $3,400,000
98 MS Rancho Broadway Shopping Center $3,500,000
99 MS Union Bank Office Building $3,350,000
101 MS 2424 Babcock Office and Medical Building $3,225,000
102 MS Casa Grande Retail Center $3,200,000
106 MS Kenyon Place Apartments $3,000,000
107 MS College Square Shopping Center $3,000,000
I-1
<PAGE>
Mortgage Loan Schedule
MSMC 1999-RM1
Morgan Stanley Loans
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Original Principal
Loan No.Seller(1) Property Name(2) Balance
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110 MS Mission Plaza Shopping Center $3,000,000
120 MS Courtside Office Building (V) $1,932,432
121 MS Murphy Office Building (V) $817,568
123 MS Ohlone Village Shopping and Office Center $2,750,000
129 MS Maxwell Labs Industrial Building $2,750,000
132 MS Rosecrans Avenue Warehouse $2,500,000
133 MS 4800 Santa Fe Industrial Building $2,450,000
134 MS Century Warehouse $2,450,000
135 MS Pingry Arms and Cornell Arms Apartments $2,500,000
136 MS 20195 Stevens Creek Boulevard Office Building $2,400,000
139 MS Blockbuster - Westwood Shopping Center $2,300,000
140 MS Clock Tower Office and Retail Building $2,400,000
142 MS Shoppes of Deerfield $2,200,000
146 MS Underwood Gartland Industrial Building $2,144,000
149 MS Lindsay Marketplace Shopping Center $2,100,000
150 MS Sierra Meadows Apartments $2,075,000
151 MS 4700 Santa Fe Industrial Building $2,050,000
153 MS Itasca Business Park $2,100,000
156 MS Fishers Crossing Shoppes $2,000,000
158 MS Computer City Store $2,000,000
160 MS Tire Discounters - Dayton (VI) $1,050,000
161 MS Tire Discounters - Cincinnati (VI) $900,000
164 MS Westchase Apartments $1,900,000
165 MS Ashewood Apartments $1,850,000
168 MS Montague Industrial Building $1,800,000
171 MS Crest Ridge Apartments $1,850,000
179 MS 460 Valley Drive Industrial Building $1,700,000
181 MS A Storage Place $1,600,000
183 MS Garden Ridge I & II Shopping and Office Center $1,540,000
192 MS Brunswick Apartments $1,432,000
195 MS Lexington Apartments $1,500,000
196 MS Heritage Green Apartments $1,432,000
200 MS Country Village Apartments $1,354,600
207 MS Cedargate Apartments $1,240,000
210 MS Glenarm Manor Apartments $1,200,000
213 MS Great Falls Days Inn $1,100,000
214 MS Hillside Trace Apartments $1,088,000
217 MS Villa Seville Apartments $975,000
221 MS Sutton Place Apartments $880,000
I-2
<PAGE>
Schedule II
Mortgage Loan Schedule
MSMC 1999-RM1
RFC Loans
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Original Principal
Loan No.Seller(1) Property Name(2) Balance
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2 RFC Lancaster Commerce Center $29,000,000
4 RFC Metro Pike Center $15,225,000
5 RFC Hawthorne Woods $13,000,000
6 RFC Sybase Building $13,000,000
8 RFC Heritage House $12,000,000
9 RFC Spanish Trace East Apartments $11,500,000
19 RFC North Salado Village Shopping Center $8,780,000
20 RFC Golden Miles Market Place $8,600,000
22 RFC Valencia Apartments $8,500,000
23 RFC Rollingwood Shopping Center $8,100,000
27 RFC Koret Distribution Center $7,500,000
28 RFC Colony By The Mall Apartments $7,100,000
30 RFC St. Andrews Professional Center $6,825,000
31 RFC Green Ridge Heights Apartments $6,800,000
32 RFC Cove Center $6,750,000
33 RFC Golden Isle Plaza $6,710,000
35 RFC Miami Lakes Corporate Center $6,500,000
38 RFC Cambridge Commons Apartments $6,100,000
40 RFC Willow Tree $6,000,000
42 RFC New Market Square $6,000,000
45 RFC Half-A-Car $5,700,000
47 RFC Plaza K Shopping Center $5,600,000
48 RFC Parkway Shopping Center $5,600,000
53 RFC Cottonwood Corners Shopping Center $5,200,000
55 RFC Dalton Place Shopping Center $5,080,000
56 RFC Showcase Plaza Shopping Center $5,000,000
57 RFC Springrove Mobile Home Park $5,000,000
58 RFC Gateway/Lombardi (III) $4,800,000
59 RFC Arbors of Wooster Apartments $4,800,000
62 RFC Augusta at Gruene $4,600,000
65 RFC Southside Square Shopping Center $4,500,000
66 RFC Saratoga Square Apartments $4,500,000
69 RFC Village of Westover Apartments $4,350,000
71 RFC Manufacturers Bank Building $4,300,000
75 RFC V United Plaza $4,300,000
77 RFC Pineville Towne Market $4,200,000
81 RFC Gallery Row $4,000,000
82 RFC Arbour Walk Village Apartments $3,900,000
87 RFC Polifly Plaza $3,675,000
89 RFC Villa Fontana $3,600,000
94 RFC Victoria Square Apartments $3,500,000
95 RFC Kmart $3,500,000
100 RFC Northampton Apartments $3,325,000
103 RFC The Vineyards Apartments $3,200,000
104 RFC Dunwoody Shallowford Office Park $3,100,000
114 RFC Pacifica Hampden Industrial Park $2,900,000
115 RFC Atlantic Plaza II $2,820,000
116 RFC Bath Street Partners $2,800,000
II-1
<PAGE>
Mortgage Loan Schedule
MSMC 1999-RM1
RFC Loans
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Original Principal
Loan No.Seller(1) Property Name(2) Balance
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117 RFC JM Industrial $2,800,000
118 RFC Sargent Road Shopping Center. $2,800,000
119 RFC Little Brook Apartments $2,760,000
122 RFC North Oaks Plaza $2,750,000
124 RFC Palms Plaza $2,700,000
125 RFC St. Clair Mobile Home Parks $2,700,000
127 RFC Guilford Street Center $2,650,000
128 RFC Ski Lodge Apartments $2,640,000
130 RFC Lakeshore Apartments $2,550,000
137 RFC Maple Run Apartments $2,350,000
141 RFC One Bank Street $2,200,000
143 RFC Dartmoor Apartments $2,200,000
145 RFC Sunshine Office Building $2,150,000
148 RFC Eastlake Business Park $2,100,000
152 RFC Georgetown Plaza $2,050,000
155 RFC Pinnacle Peak Office Building $2,000,000
159 RFC Seaboard Industrial $2,000,000
162 RFC Interstate West Office Park $1,930,000
163 RFC North Center Office Building $1,900,000
166 RFC Oakland Drive Apartments $1,800,000
167 RFC Victoria Street Offices $1,800,000
169 RFC Sunrise Square Shopping Center $1,800,000
172 RFC British Petroleum - Westlake $1,750,000
173 RFC Kirkland Way Building $1,750,000
175 RFC Eagle Watch Apartments $1,700,000
176 RFC Post Alley Market Building $1,700,000
180 RFC Bradley Smith Apartments (VII) $1,650,000
182 RFC Tallmadge Towne Apartments $1,575,000
185 RFC Chapel Centre $1,500,000
186 RFC Laurel Manor Apartments $1,500,000
188 RFC Dorjul Apartments $1,500,000
189 RFC Orange Industrial Park $1,500,000
190 RFC Fiesta Palms II Retail Center $1,500,000
191 RFC Newport Mesa Self Storage $1,500,000
193 RFC Canyon Professional Center $1,400,000
197 RFC Aaron Center $1,365,000
198 RFC Carlton Way Apartments $1,350,000
202 RFC Pizza Hut / 7-Eleven (A) $671,000
203 RFC Quick Chek (A) $629,000
205 RFC New Hope Commons $1,270,000
206 RFC Union Avenue Plaza $1,250,000
208 RFC Oakcrest Apartments $1,200,000
209 RFC City Sports $1,200,000
211 RFC Lin-Valle Center $1,120,000
212 RFC Cramer Woods Apartments $1,100,000
216 RFC 3180 Presidential Drive $1,000,000
218 RFC Montreal Station $925,000
220 RFC Spring House Office Park $914,000
II-2
<PAGE>
Mortgage Loan Schedule
MSMC 1999-RM1
RFC Loans
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Original Principal
Loan No.Seller(1) Property Name(2) Balance
- ---------------------------------------------------------------------------
222 RFC Garrison Street Apartments $825,000
224 RFC 2755 Philmont Ave. $800,000
225 RFC 9107 Gaither Rd. $700,000
226 RFC Tulwane Apartments $675,000
227 RFC 900-902 Pine Street Apartments $624,000
228 RFC Rochelle Arms $575,000
229 RFC Pottery Row Apartments $520,000
II-3
<PAGE>
Schedule III
Mortgage Loan Schedule
MSMC 1999-RM1
Wachovia Loans
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Original Principal
Loan No.Seller(1) Property Name(2) Balance
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21 WACH New Market Madison $8,480,000
25 WACH Town Country S C $7,900,000
43 WACH Shoppes at Cresthaven $5,850,000
44 WACH Southport Centre $5,840,000
50 WACH Comfort Suites $5,400,000
54 WACH Comfort Inn & Comfort Suites $5,140,000
61 WACH Blackstock Warehouse $4,640,000
68 WACH Redland Crest Apartments $4,450,000
72 WACH Print Pack Buildings $4,300,000
76 WACH South Park Shopping Center $4,250,000
78 WACH 555 & 565 Old Norcross Rd $4,150,000
84 WACH Village at Cedar Shoals $3,840,000
92 WACH Roswell Oaks $3,500,000
105 WACH Best Western $3,020,000
108 WACH Americana Self Storage $3,000,000
109 WACH Regal Cinemas $3,000,000
111 WACH Collier & Piedmont Rd. Apts. $3,000,000
112 WACH Canteberi Place Apartments $3,000,000
113 WACH Holiday Inn Express $3,000,000
126 WACH Claremont Commons $2,675,000
131 WACH Vidalia Food Lion $2,500,000
138 WACH Comfort Inn Laurinburg $2,350,000
144 WACH Lavender Lakes $2,175,000
147 WACH Washington Square $2,100,000
154 WACH Shoal Creek Apartments $2,025,000
157 WACH Great Neck Shops & Potter Self Storage $2,000,000
170 WACH Berkmar Park $1,800,000
174 WACH Willow Tree and Coastal Court Apartments $1,740,000
177 WACH Cramer Marketplace Shopping Center $1,657,000
178 WACH Penn Forest Executive Building $1,670,000
184 WACH Greenbriar Village Shopping Center $1,500,000
187 WACH Potter Self Storage $1,500,000
194 WACH Madison Heights Square $1,400,000
199 WACH Creekview Townhouse Apartments $1,340,000
201 WACH Blackstone Square $1,300,000
204 WACH Holcomb Place III $1,297,500
215 WACH Pearisburg Square $1,000,000
219 WACH Dunwoody Springs Building $925,000
223 WACH Airport Drive Shops $825,000
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