Standard & Poor's has announced changes to the S&P MidCap 400 and S&P REIT Composite indexes that will affect the real estate investment trust sector.United Dominion Realty Trust, a Highland Ranch, Colo.-based multifamily REIT, and AMB Property Corp., a San Francisco-based industrial REIT, are replacing two non-REITs -- which are being removed because of low market capitalization -- in the S&P MidCap 400 Index on Jan. 27. In another change, Keystone Property Trust, a West Conshohocken, Pa.-based industrial REIT, is replacing JDN Realty -- which is being acquired by Developers Diversified Realty -- in the S&P REIT Composite Index on Jan. 31.
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