Standard & Poor's has announced changes to the S&P MidCap 400 and SmallCap 600 indices involving real estate investment trusts.Cousins Properties Inc., a constituent of S&P's REIT Composite Index, will replace Longview Fibre Co. in the S&P MidCap 400 after the close of trading on a date to be announced. Cousins is an Atlanta-based REIT that owns, develops, and manages its own real estate portfolio. In addition, S&P REIT Composite constituent Tanger Factory Outlet Centers Inc., Greensboro, N.C., will replace United Surgical Partners International Inc. in the S&P SmallCap 600 after the close of trading on a date to be announced. Tanger is engaged in the acquisition, ownership, and operation of factory outlet shopping centers. S&P can be found online at http://www.standardandpoors.com.
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If approved, the deal can provide relief for the approximately 662,000 individuals affected by an incident at the mortgage vendor last November.
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Properties outside of the 100-year flood zone exposed to $375 billion to $1 trillion in losses, Moodys reports
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