Item 1. Business
Omitted.
Item 2.
Item 2. Properties
Information regarding the mortgaged properties will be included in the Accountant's Statements and Annual Statements of Compliance filed under Item 14 hereof, as described in Item 14 hereof.
Item 3.
Item 3. Legal Proceedings
The Registrant knows of no material pending legal proceedings as it relates to each Series involving the Registrant, the Certificates, the Servicer, Special Servicer, the Trust Fund or any material pending legal proceeding, other than routine litigation incidental to the applicable trustee, servicer, special servicer, or the Registrant's duties under the related pooling and servicing agreement.
Item 4.
Item 4. Submission of Matters to a Vote of Security Holders
No matter was submitted to a vote of security holders for any Series during the fiscal year covered by this report.
Part II
Item 5.
Item 5. Market for Registrant's Common Equity and Related Stockholders Matters
(a) (1) To the knowledge of the Registrant, there is no established public market for the Certificates of any Series
(2) To the knowledge of the Registrant, there are no reported high and low bid quotations for any of the Certificates.
(b) The records of the Registrant indicate that as of December 31, 1999, the following Series had the following number of holders of record:
Series 1996-1: 4 Series 1996-2: 7 Series 1997-1: 7 Series 1997-2: 7 Series 1998-1: 7 Series 1998-2: 7 Series 1999-1: 8 Series 1999-2: 8
Item 6.
Item 6. Selected Financial Data
Omitted.
Item 7.
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations
Omitted.
Item 7A.
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
Not applicable.
Item 8.
Item 8. Financial Statements and Supplementary Data
See Item 14(a).
Item 9.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
None.
Part III
Item 10.
Item 10. Directors and Executive Officers of the Registrant
Omitted.
Item 11.
Item 11. Executive Compliance
Omitted.
Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management
Omitted.
Item 13.
Item 13. Certain Relationships and Related Transactions
Omitted.
Part IV
Item 14.
Item 14. Exhibits, Financial Statement Schedules, and Reports of Form 8-K
(a) Exhibits
99.1 Servicer and Special Servicer Annual Statement of Compliance For each of the following Series (Servicer listed first, Special Servicer second):
(i) Series 1996-1: The Chase Manhattan Bank, Lennar Partners, Inc.* (ii) Series 1996-2: The Chase Manhattan Bank, Lennar Partners, Inc.* (iii) Series 1997-1: The Chase Manhattan Bank, Amresco Management, Inc. ("Amresco"). (iv) Series 1997-2: The Chase Manhattan Bank, Lennar Partners, Inc.* (v) Series 1998-1: The Chase Manhattan Bank, Orix Real Estate Capital Markets, LLC ("Orix") (vi) Series 1998-2: GMAC Commercial Mortgage Corporation*, The Chase Manhattan Bank (Subservicer) (vii) Series 1999-1: The Chase Manhattan Bank, Orix
99.2 Report prepared by Servicer's and Special Servicer's certified independent accountant's concerning their respective duties for the year ended December 31, 1999 (Servicer's accountants listed first, Special Servicer's second):
(i) Series 1996-1: Price Waterhouse Coopers LLP*, Deloitte & Touche, LLP (ii) Series 1996-2: Price Waterhouse Coopers LLP (see Exhibit 99.2 (i)), Deloitte & Touche, LLP (see Exhibit 99.2(i)) (iii) Series 1997-1: Price Waterhouse Coopers LLP (see Exhibit 99.2 (i)), Deloitte & Touche LLP (iv) Series 1997-2: Price Waterhouse Coopers LLP (see Exhibit 99.2 (i)), Deloitte & Touche, LLP (see Exhibit 99.2(i)) (v) Series 1998-1: Price Waterhouse Coopers LLP (see Exhibit 99.2 (i)), Independent Accountants of Orix* (vi) Series 1998-2: Independent Accountants of GMAC Commercial Mortgage Corporation*, (see Exhibit 99.2(i)) (vii) Series 1999-1: Price Waterhouse Coopers LLP (see Exhibit 99.2(i)), Independent Accountants of Orix (see Exhibit 99.2(v))
*Unavailable on date of filing. To be filed upon receipt by the Registrant.
(b) Reports on Form 8-K during the last quarter of the prior calendar year.
(i) Reports on Form 8-K dated as of October 1, 1999, October 29, 1999, December 8, 1999 and December 30, 1999 in response to Item 5 (other events) of Form 8-K were filed with respect to information contained in the Distribution Date Statement for each Series delivered for the Distribution Date occurring in September, October, November and December 1999, respectively.
(ii) Reports on Form 8-K were filed during the last quarter of the prior calendar year for the following series:
(A) Series 1999-2 November 9, 1999 in response to Item 5 (collateral/structural term sheets) November 16, 1999 in response to Item 5 (computations materials)
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Dated: March 29, 2000
Chase Commercial Mortgage Securities Corp.
by The Chase Manhattan Bank
By: /s/ Janice M. Smith ----------------------------------- Name: Janice M. Smith Title: Managing Director
SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO SECTION 15 (d) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED SECURITIES PURSUANT TO SECTION 12 OF THE ACT.
No annual report, proxy statement, form of proxy or other proxy soliciting material has been sent to Certificateholders during the period covered by this Annual Report on Form 10-K and the registrant does not intend to furnish such materials to Certificateholders subsequent to the filing of this report.
INDEX TO EXHIBITS
99.1 Servicer and Special Servicer Annual Statement of Compliance For each of the following Series (Servicer listed first, Special Servicer second):
(i) Series 1996-1: The Chase Manhattan Bank, Lennar Partners, Inc.* (ii) Series 1996-2: The Chase Manhattan Bank, Lennar Partners, Inc.* (iii) Series 1997-1: The Chase Manhattan Bank, Amresco Management, Inc. ("Amresco"). (iv) Series 1997-2: The Chase Manhattan Bank, Lennar Partners, Inc.* (v) Series 1998-1: The Chase Manhattan Bank, Orix Real Estate Capital Markets, LLC ("Orix"). (vi) Series 1998-2: GMAC Commercial Mortgage Corporation*, The Chase Manhattan Bank (Subservicer)
(vii) Series 1999-1: The Chase Manhattan Bank, First Union National Bank (Subservicer), Orix
99.2 Report prepared by Servicer's and Special Servicer's certified independent accountant's concerning their respective duties for the year ended December 31, 1999 (Servicer's accountants listed first, Special Servicer's second):
(i) Series 1996-1: Price Waterhouse Coopers LLP*, Deloitte & Touche, LLP (ii) Series 1996-2: Price Waterhouse Coopers LLP (see Exhibit 99.2 (i)), Deloitte & Touche, LLP (see Exhibit 99.2(i)) (iii) Series 1997-1: Price Waterhouse Coopers LLP (see Exhibit 99.2 (i)), Deloitte & Touche LLP (iv) Series 1997-2: Price Waterhouse Coopers LLP (see Exhibit 99.2 (i)), Deloitte & Touche, LLP (see Exhibit 99.2(i)) (v) Series 1998-1: Price Waterhouse Coopers LLP (see Exhibit 99.2 (i)), Independent Accountants of Orix* (vi) Series 1998-2: Independent Accountants of GMAC Commercial Mortgage Corporation* (see Exhibit 99.2(i)) (vii) Series 1999-1: Price Waterhouse Coopers LLP (see Exhibit 99.2 (i)), KMPG LLP, Independent Accountants of Orix (see Exhibit 99.2(v))
*Unavailable on date of filing. To be filed upon receipt by the Registrant.