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EXCEL REALTY TRUST INC. FILES A REMIC

 SAN DIEGO, Nov. 5 /PRNewswire/ -- Excel Realty Trust Inc. (NYSE: XEL) announced today it filed a registration statement on form S-11 with the Securities and Exchange Commission for a Real Estate Mortgage Investment Conduit (REMIC). The offering, under the direction of Kidder-Peabody as the managing underwriter is for $100 million. A company spokesperson stated that the funds will be used to retire existing indebtedness and acquire new properties.
 -0- 11/5/93
 /CONTACT: Graham R. Bullick, senior VP, 619-485-9400, ext. 203/
 (XEL)


CO: Excel Realty Trust Inc. ST: California IN: SU: OFR

MF-LM -- SD007 -- 1452 11/05/93 19:59 EST
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Publication:PR Newswire
Date:Nov 5, 1993
Words:101
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