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HOLLY RESIDENTIAL PROPERTIES INC. DECLARES THIRD QUARTER DIVIDEND

 TACOMA, Wash., Sept. 16 /PRNewswire/ -- The board of directors of Holly Residential Properties Inc. (NYSE: HLY) today declared a regular cash quarterly dividend.
 The dividend is $0.45 per share and payable on Oct. 12 to shareholders of record on Sept. 30. The dividend is for the period beginning on July 1, 1993 and ending Sept. 30, 1993.
 The company completed an initial public offering of 6.6 million shares of common stock on June 18, 1993.
 Holly Residential Properties is a fully integrated, self- administered and self-managed real estate investment trust (REIT) that owns or holds interest in, and manages 31 multifamily residential properties in the Seattle-Tacoma area.
 -0- 9/16/93
 /CONTACT: Daniel M. Kelley of Holly Residential Properties, 206-627-5800/


CO: Holly Residential Properties Inc. ST: Washington IN: SU: DIV

IC-RB -- SE001 -- 2823 09/16/93 16:35 EDT
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Publication:PR Newswire
Date:Sep 16, 1993
Words:141
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