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FIRST UNION MANAGEMENT, INC. ANNOUNCES PROMOTION

 CLEVELAND, Ohio, Dec. 23 /PRNewswire/ -- First Union Management, Inc. announced that Karen Redman has been promoted to Regional Property Manager effective Jan. 1. Redman joined First Union in 1991 as resident manager of Windgate Place, a Charlotte, North Carolina, apartment complex. She will now oversee the management of three apartment complexes located in North Carolina.
 Windgate Place is managed by First Union Management, Inc., and owned by First Union Real Estate Investments (NYSE: FUR) of Cleveland, Ohio. First Union Real Estate Investments is a self administered equity real estate investment trust specializing in acquiring and holding real estate for current yield and long term appreciation. Its portfolio is made up of 34 properties in 17 states consisting of shopping malls, office buildings and apartment complexes.
 -0- 12/22/92
 /CONTACT: Thomas T. Kmiecik, treasurer, First Union Management, Inc., 216-781-4030/
 (FUR)


CO: First Union Management, Inc. ST: Ohio IN: SU: PER

DA -- CL012 -- 9711 12/23/92 16:54 EST
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Publication:PR Newswire
Date:Dec 23, 1992
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