Exhibit (a)(13)
News Release
Contact:
William R. (Todd) Fowler (800) 988-4304
SECURITY CAPITAL COMPLETES ACQUISITION
OF HOMESTEAD VILLAGE INCORPORATED
CHICAGO (June 8, 2000) - Security Capital Group Incorporated (NYSE: SCZ) today
announced that it has completed the merger of Homestead Village Incorporated
(NYSE: HSD), an extended-stay lodging company with 136 facilities in 28 states.
As a result, Homestead becomes a wholly owned subsidiary of Security Capital.
All outstanding shares of Homestead common stock and the associated preferred
share purchase rights (other than shares held by Security Capital and its
subsidiaries) were converted into the right to receive $4.10 per share in cash.
Security Capital Group Incorporated is an international real estate research,
investment and operating management company. Security Capital operates its
business through two divisions. The Capital Division provides operational and
capital deployment oversight to direct and indirect investments in real estate
operating companies, generating earnings principally from its ownership of these
affiliates. Currently, the Capital Division has investments in 16 real estate
operating companies. The Financial Services Division generates fees principally
from capital management and capital markets activities. The principal offices of
Security Capital and its directly owned affiliates are in Amsterdam, Atlanta,
Brussels, Chicago, Denver, El Paso, Houston, London, Luxembourg, New York and
Santa Fe.
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