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AMERICAN INDUSTRIAL PROPERTIES REIT ANNOUNCES RESULTS OF ANNUAL MEETING OF SHAREHOLDERS

 DALLAS, Aug. 31 /PRNewswire/ -- American Industrial Properties REIT (NYSE: TCR) today announced the approval of the following proposals at its annual meeting of shareholders: 1) the election of W.H. Bricker, George P. Jenkins and Charles W. Wolcott as Trust Managers, 2) the ratification of the appointment of Kenneth Leventhal & Co., as the Trust's independent auditors for the year ending December 31, 1993, and 3) amendments of the Trust's Declaration of Trust and By-Laws changing the name of the Trust to "American Industrial Properties REIT" and such other changes as were appropriate as a result of the Trust's internalization of management. The Trust's symbol on the NYSE will be changed to "IND" following the filing of the necessary documents.
 The annual meeting of shareholders which commenced today is being held open to allow broader shareholder participation on the proposal to amend the Trust's Declaration of Trust and By-Laws to remove the limited term restriction of the Trust to make the life of the Trust perpetual. The meeting will reconvene on Friday, Oct. 1, 1993 at 9:00 a.m., central daylight time, at the Trust's offices at 6220 N. Beltline, Suite 205, Irving, Texas.
 -0- 8/31/93
 /CONTACT: Terry L. Proveaux of American Industrial Properties REIT, 214-550-6053/
 (TCR)


CO: American Industrial Properties REIT ST: Texas IN: SU:

TS -- NY050 -- 7611 08/31/93 15:42 EDT
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Publication:PR Newswire
Date:Aug 31, 1993
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