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CHAMPS SETS RECORD DATE FOR PLANNED LIQUIDATING DISTRIBUTION

 ROCKVILLE, Md., Dec. 14 /PRNewswire/ -- Capital Housing and Mortgage Partners, Inc. (CHAMPS) (AMEX: CHG), a real estate investment trust, has set a record date of Dec. 23, 1993, for shareholders entitled to receive the anticipated distribution related to the proposed liquidation and dissolution of the company. The record date and the distribution are subject to shareholder approval of the plan of liquidation and dissolution at the special shareholder meeting to be held on Dec. 22, 1993.
 The amount of this liquidating distribution and the payment date will be announced by Dec. 31, 1993. If the plan of liquidation and dissolution is approved, a single liquidating distribution is expected to be paid in early January 1994.
 CHAMPS' revised estimate of the corporation's Sept. 30, 1993, pro forma net asset value on a liquidation basis of accounting, is approximately $27 million, or approximately $5.42 per share (net of liquidation costs). This estimate is subject to the factors described in the company's proxy statement dated Nov. 29, 1993, and there is no assurance that the liquidating distribution will equal the amount estimated in this news release.
 -0- 12/14/93
 /CONTACT: James T. Pastore, 301-231-0323, or Susan B. Railey, 301-468-3120, both for Capital Housing and Mortgage Partners/
 (CHG)


CO: Capital Housing and Mortgage Partners, Inc. ST: Maryland IN: FIN SU:

DT-MH -- DC020 -- 3670 12/14/93 12:51 EST
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Publication:PR Newswire
Date:Dec 14, 1993
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