Morgan Stanley Cap I Inc Comm Mort Pass Thr Cer Ser 1998 Xl2 Sample Contracts

Morgan Stanley Cap I Inc Comm Mort Pass Thr Cer Ser 1998 Xl1 – COMMERCIAL MORTGAGE PASS THROUGH CERTIFICATES (December 9th, 1998)

MORGAN STANLEY CAPITAL 1 1998-XL1 COMMERCIAL MORTGAGE PASS THROUGH CERTIFICATES [LOGO] B-270 PAYMENT DATE: DECEMBER 3, 1998 RECORD DATE: NOVEMBER 30, 1998 SUMMARY OF AVAILABLE INFORMATION DELIVERY NAME OF REPORT OR FILE PREPARER FREQUENCY VEHICLES: ---------------------- -------- --------- --------- Distribution Date Statement Trustee Monthly Web, Street Fax Loan Portfolio Stratifications Trustee Monthly

Morgan Stanley Cap I Inc Comm Mort Pass Thr Cer Ser 1998 Xl1 – COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES (November 18th, 1998)

[LOGO] MORGAN STANLEY CAPITAL 1 1998-XL1 COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES B270 PAYMENT DATE: NOVEMBER 4, 1998 RECORD DATE: OCTOBER 31, 1998 SUMMARY OF AVAILABLE INFORMATION DELIVERY NAME OF REPORT OR FILE PREPARER FREQUENCY VEHICLES: ---------------------- -------- --------- ---------

Morgan Stanley Cap I Inc Comm Mort Pass Thr Cer Ser 1998 Xl1 – COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES (October 20th, 1998)

MORGAN STANLEY CAPITAL I, INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-XL1 UNDERWRITER MORGAN STANLEY DEAN WITTER OCTOBER 3, 1998 DELINQUENCY LOAN DETAIL Paid Thru Scheduled Total PI Total Expense Other Loan No Property Type Property City and State Number Units Date Balance Advances Advances Advances --------------------------------------------------------------------------------------------------------------------------------- No delinquencies to report Page 1 of 10 MORGAN STANLEY CAPITAL I, INC. COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1998-XL1 UNDERWRITER MORGAN STANLEY DEAN WITTER OCTOBER 3, 1998 DELINQUENCY LOAN DETAIL Total Current Monthly Gross

Morgan Stanley Cap I Inc Comm Mort Pass Thr Cer Ser 1998 Xl1 – COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES WEB: CORPORATETRUST.STATESTREET.COM (October 20th, 1998)

MORGAN STANLEY CAPITAL I, INC. STATE STREET CORPORATE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES WEB: CORPORATETRUST.STATESTREET.COM SERIES 1998-XL1 PAYMENT OCTOBER 3, 1998 UNDERWRITER MORGAN STANLEY DEAN WITTER REPORT B270-01 DISTRIBUTION OF CURRENT SCHEDULED PRINCIPAL BALANCES ------------------------------------------------------------------------------------------------------------------ Current Scheduled # of Aggregate % Tot Weighted Averages Principal Mtg Sched Prin Sched Mnths Mort Balance Loans Balance Bal

Morgan Stanley Cap I Inc Comm Mort Pass Thr Cer Ser 1998 Xl1 – MORTGAGE PASS-THROUGH CERTIFICATES RECORD DATE: SEPTEMBER 30, 1998 (October 20th, 1998)

[LOGO] MORGAN STANLEY CAPITAL I INC. PAYMENT DATE: OCTOBER 3, 1998 MORTGAGE PASS-THROUGH CERTIFICATES RECORD DATE: SEPTEMBER 30, 1998 SERIES 1998-XL1 W.A.C RATE: 6.988910536% B270 REPORT TO CERTIFICATEHOLDERS PAYMENT SUMMARY --------------------------------------------------------------------------------------------------------- Orig. Fitch Pass-Thru Interest Original Beginning Class CUSIP Ratings Rate Type Balance Balance ---------------------------------------------------------------------------------------------------------

Morgan Stanley Cap I Inc Comm Mort Pass Thr Cer Ser 1998 Xl2 – MORTGAGE PASS-THROUGH CERTIFICATES RECORD DATE: AUGUST 31, 1998 (September 11th, 1998)

[LOGO] MORGAN STANLEY CAPITAL I INC. PAYMENT DATE: SEPTEMBER 3, 1998 MORTGAGE PASS-THROUGH CERTIFICATES RECORD DATE: AUGUST 31, 1998 SERIES 1998-XL1 W.A.C RATE: 7.150368798% B270 REPORT TO CERTIFICATEHOLDERS PAYMENT SUMMARY ---------------------------------------------------------------------------------------------------------------------------- Orig. Fitch Pass-Thru Interest Original Beginning Principal Class CUSIP Ratings Rate Type Balance Balance Paid ---------------------------------------------------------------------------------------------------------------------------- A-1 61745MGG2 AAA 6.220000% Variable 176,000,000.00 174,395,426

Morgan Stanley Cap I Inc Comm Mort Pass Thr Cer Ser 1998 Xl2 – MORTGAGE PASS-THROUGH CERTIFICATES RECORD DATE: JULY 31, 1998 (September 2nd, 1998)

[LOGO] MORGAN STANLEY CAPITAL I INC. PAYMENT DATE: AUGUST 5, 1998 MORTGAGE PASS-THROUGH CERTIFICATES RECORD DATE: JULY 31, 1998 SERIES 1998-XL1 W.A.C RATE: 7.150373085% B270 REPORT TO CERTIFICATEHOLDERS PAYMENT SUMMARY --------------------------------------------------------------------------------------------------------------------------------- Orig. Fitch Pass-Thru Interest Original Beginning Principal Interest Total Ending Class CUSIP Ratings Rate Type Balance Balance Paid Paid Paid Balance --------------------------------------------------------------------------------------------------------------------------------- A-1 61745MGG2 AAA 6.220000% Variable 176,000,000.00 175,107,158.74 710,732.06 907,638.77 1,618,370.83 174,396,42

Morgan Stanley Cap I Inc Comm Mort Pass Thr Cer Ser 1998 Xl2 – [MORGAN STANLEY MORTGAGE CAPITAL LETTERHEAD] (May 27th, 1998)

Exhibit 23.2 [MORGAN STANLEY MORTGAGE CAPITAL LETTERHEAD] March 26, 1998 Mr. Martin Aaron Aaron & Wright Incorporated 2600 Southwest Freeway Suite 708 Houston, Texas 77098 Dear Marty: We would like to hire Aaron & Wright to perform market studies for 46 properties owned by CenterAmerica Property Trust, L.P. ("CenterAmerica") for use by Morgan Stanley Mortgage Capital Inc. ("MSMC") in connection with its underwriting of a loan (the "Loan") to a subsidiary of CenterAmerica and the subsequent securitization (the "Securitization") of such Loan on the following terms and conditions. Properties: 46 properties (the "Properties") owned by CenterAmerica Capital Partnership, L.P., each of which is located in the State of Texas. Scope of Work: Aaron & Wright will prepare a market study for each of the Properties substantially

Morgan Stanley Cap I Inc Comm Mort Pass Thr Cer Ser 1998 Xl2 – TERM SHEETS (April 28th, 1998)

EXHIBIT 99 TERM SHEETS LARGE LOAN TAPE MS No. LOAN NUMBER CROSS COLLATERALIZED PROPERTY TYPE CITY STATE ----------- -------------------- ------------- ---- ----- 1 1 N Office Arlington VA 2 2 Y Office- 56.3% Various Various M/F- 10.2% Industrial- 24.5% 13 3 N Hotel Coronado CA 14 4