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NATIONAL REALTY, L.P. ANNOUNCES SALE OF WASHINGTON APARTMENTS

 NATIONAL REALTY, L.P. ANNOUNCES SALE OF WASHINGTON APARTMENTS
 DALLAS, Sept. 16 /PRNewswire/ -- National Realty, L.P. (AMEX: NLP) today announced the sale of Terrace View Apartments in Burien, Wash., for $3.1 million to Uromark, Inc., a company unrelated to National Realty. The sale resulted in cash to the partnership of $700,000 before commissions and selling costs.
 The 85-unit apartment complex is located close to an airport and was 100 percent occupied at the time of the sale. The partnership has owned the property since September 1987. National Realty will record a gain of $374,000 in the third quarter as a result of the sale.
 "Terrace View was our only property in the upper west coast and this was a good opportunity for us to sell it at an attractive price," said a spokesperson for the partnership. "Strategically we wanted to be out of the market in that part of the country."
 National Realty, L.P. is a national real estate partnership engaged in the acquisition, financing, operation and sale of real estate and real estate assets.
 -0- 9/16/92
 /CONTACT: Jean Krone Bono or Kevin LeBlanc Investor Relations of National Realty Advisors, 214-692-4800/
 (NLP) CO: National Realty L.P. ST: Texas IN: FIN SU: TNM


SH -- NY030 -- 0057 09/16/92 11:05 EDT
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Publication:PR Newswire
Date:Sep 16, 1992
Words:219
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