Bank One to Buy RE Securities Manager

Bank One Corp., Chicago, has announced an agreement to acquire Security Capital Research & Management Inc., an investment adviser and manager of real estate securities for institutional investors, from GE Real Estate.The terms of the agreement were not disclosed. The Chicago-based Security Capital, which manages approximately $3.5 billion in real estate investments, will become a wholly owned subsidiary of Banc One Investment Advisors, but will operate as a "distinct investment team," Bank One said. David J. Kundert, chief executive officer of Bank One's investment management group, said the acquisition "expands our growing asset management capabilities and bolsters our strategy to provide institutional clients with a wide range of high-performing products." The company can be found online at http://www.bankone.com.