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NATIONAL REALTY REPORTS SECOND QUARTER RESULTS

 NATIONAL REALTY REPORTS SECOND QUARTER RESULTS
 DALLAS, Aug. 17 /PRNewswire/ -- National Realty, L.P. (AMEX: NLP)


today reported a sharply lower net loss of $2.5 million, or $1.03 per unit, on revenues of $25.5 million for the quarter ended June 30, 1992 compared with a net loss of $6.6 million, or $3.01 per unit, on revenues of $23.9 million for the second quarter of 1991.
 For the six months ended June 30, 1992, National Realty, L.P. recorded a net loss of $4.2 million, or $1.82 per unit, compared with a net loss of $9.7 million, or $4.43 per unit, in the first six months of 1991. Revenues increased from $48.0 million to $50.7 million over the same period.
 Despite operating fewer properties in 1992 compared with 1991, rental income increased $1.7 million for the second quarter of 1992 and $3.2 million for the six-month period ended June 30, 1992.
 "Virtually all of the partnership's properties experienced higher occupancy and increased rental rates; however we spent more in cleaning, decorating, advertising and leasing to achieve these levels," said a spokesperson for the partnership. "Our operating losses were dramatically reduced in large part because of sharply higher occupancy in our over 18,000 apartment units and good control of expenses resulting in decreased interest and general and administrative expenses."
 National Realty, L.P. is a national real estate investment partnership engaged in the acquisition, financing, operation, and sale of real estate and real estate assets. The limited partners' ownership represents 98 percent of the total partnership.
 NATIONAL REALTY, L.P.
 (In thousands, except share and per share data)
 Periods ended Three months Six months
 June 30 1992 1991 1992 1991
 Total revenues $ 25,534 $ 23,916 $ 50,700 $ 47,996
 Loss from
 operations (2,527) (6,085) (5,210) (9,196)
 Litigation
 settlement gain
 (loss) -- (528) 1,030 (528)
 Net loss $ (2,527) $ (6,613) $ (4,180) $ (9,724)
 Net loss
 per limited
 partner unit $ (1.03) $ (3.01) $ (1.82) $ (4.43)
 Weighted average
 units of limited
 partner interest
 used in computing
 earnings per unit 2,339,886 2,150,237 2,249,929 2,152,573
 -0- 8/17/92
 /CONTACT: Kevin LeBlanc, investor relations of National Realty Advisors, 214-692-4800/
 (NLP) CO: National Realty, L.P. ST: Texas IN: SU: ERN


TS -- NY018 -- 0407 08/17/92 10:04 EDT
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Publication:PR Newswire
Date:Aug 17, 1992
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