Centerline reports 11.65% stake in American Mortgage Acceptance

By Lisa Kerner

Charlotte, N.C., Aug. 10 - Centerline Holding Co. purchased 859,236 shares of American Mortgage Acceptance Co.'s stock between June 8 and Aug. 10 for a total of $2,051,960.

In addition, Centerline purchased 280,000 of the company's 7.25% series A cumulative convertible preferred shares in a public offering at a price of $25.00 per share on July 27.

The transactions were reported in a schedule 13D filing with the Securities and Exchange Commission.

Centerline owns 979,658 shares, or 11.65%, of the New York real estate investment trust.

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