Key Secures LOC for United Dominion

Cleveland-based KeyCorp has announced that its KeyBank Real Estate Capital unit has secured a $200 million Fannie Mae revolving credit facility for United Dominion Realty, a Denver-based real estate investment trust.The transaction represents a $140 million expansion of an existing $60 million line of credit. In a separate transaction, Key said it secured two single-asset financings totaling $37 million on behalf of the REIT, which has expanded its interests in Southern California and St. Petersburg, Fla. "This greatly enhances our ability to invest in markets that offer both long-term growth potential and the opportunity to maximize our existing property management operations," said Thomas W. Toomey, United Dominion's president and chief executive officer. Key can be found online at http://www.keybank.com.