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IRT PROPERTY ANNOUNCES SALE OF ITS USG INDUSTRIAL FACILITY

 IRT PROPERTY ANNOUNCES SALE OF ITS USG INDUSTRIAL FACILITY
 ATLANTA, Dec. 31 /PRNewswire/ -- IRT Property Company (NYSE: IRT), the southeastern shopping center REIT, today announced the sale of its USG industrial facility in Medina, Ohio, for $1 million cash.
 This facility consisted of a single tenant building and approximately 19 acres of vacant land. The sale, which was closed on Dec. 27, resulted in a gain to the company of approximately $784,000, or 6 cents per share.
 A self-administered equity real estate investment trust (REIT), IRT is the largest REIT specializing in southeastern United States shopping centers. Anchor tenants include Harris Teeter, Wal-Mart, Ingles and other popular national and regional chain stores. The portfolio of 88 investments represents more than 5 million square feet of retail space.
 -0- 12/31/91
 /CONTACT: Mary M. Thomas, executive vice president and treasurer of IRT Property, 404-955-4406/
 (IRT) CO: IRT Property Company ST: Georgia, Ohio IN: SU: RLE


BR-BN -- AT004 -- 5849 12/31/91 10:54 EST
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Publication:PR Newswire
Date:Dec 31, 1991
Words:165
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