Corporate Profile for Western Investment Real Estate Trust dated June 6, 1997.

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Published Date:   June 6, 1997

Company Name:     Western Investment Real Estate Trust

Address:          3450 California Street
                  San Francisco, CA 94118

Main Telephone
 Number:          415/929-0211

Chief Executive
 Officer:         O.A. Talmage

Chief Financial
 Officer:         Dennis D. Ryan

Investor Relations/
Public Relations
 Contact:         Barbara J. Donham
 Business number: 415/929-1314 ext. 337

Trading Symbol/
 Exchange:        ASE: WIR

Industry:         Real Estate

    Company Description: Western Investment Real Estate Trust, a
self-administered and fully integrated equity real estate investment
trust (REIT), is a dominant owner of neighborhood and community
shopping centers in Northern California and Northern Nevada.
Western has continuously paid quarterly cash dividends to its
shareholders for 33 years.  The company was founded in 1962.
    Western's real estate portfolio of 60 properties, primarily
anchored by grocery superstores, includes a total gross leasable
area of 4.8 million square feet.

Objectives:
    Western owns and manages quality properties that offer
opportunities for growth in cash flow.  The company's goal is to
provide shareholders with increasing cash dividends and appreciating
property values through its expertise in property acquisition,
development and asset management.
    In the near term, Western intends to continue to pursue
portfolio-acquisition strategies and financing alternatives to
supplement its core portfolio growth.

For fiscal year ended 12/31/96:

Annual revenue        $47.0 million
Stock highs/lows      $13 7/8   $10 3/4
Net income            $12.2 million

CONTACT: Western Investment Real Estate Trust