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CROCKER REALTY INVESTORS ANNOUNCES THIRD QUARTER RESULTS

 BOCA RATON, Fla., Nov. 17 /PRNewswire/ -- Crocker Realty Investors, Inc. (NASDAQ: CRKR) announced funds from operations of $(-0.12) per share for the quarter ending Sept. 30, 1993. These results do not take into account the October closing on Crocker Square, a 150,000-square- foot office building complex in Boca Raton. With that transaction, funds raised in the initial public offering completed in January 1993 are fully invested.
 Crocker Realty Investors President Richard S. Ackerman in a presentation for the National Association of Real Estate Investment Trust (NAREIT) Institutional Investors Symposium in New York City yesterday announced projected funds from operations for calendar year 1994 to run between $0.40 and $0.45 per share. Additionally, the company announced the hiring of Raymond James Financial to evaluate the purchase of Crocker & Company property management, leasing and development concerns.
 -0- 11/17/93
 /CONTACT: Suzette Turpel of Smith & Knibbs, 305-428-4477, for Crocker Realty Investors/
 (CRKR)


CO: Crocker Realty Investors, Inc. ST: Florida IN: SU: ERN

AW-MMX -- FL022 -- 5578 11/17/93 14:43 EST
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Publication:PR Newswire
Date:Nov 17, 1993
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