REIT REPORT.

LEXFORD RESIDENTIAL TRUST (NYSE: LFT), Columbus, Ohio, has declared a quarterly dividend of $0.4325 per share for the quarter ended March 31, 1999. Lexford is a fully integrated real estate investment trust (REIT) which owns, manages, and acquires apartment communities, and has full or partial ownership interests in 401 apartment communities throughout the midwest and southeast.

UNITED DOMINION REALTY TRUST, INC. (NYSE: UDR), Richmond, Virginia, has increased the quarterly dividend on its common stock to $0.265 per share, from $0.2625 per share, the 23rd consecutive annual common dividend increase. United Dominion owns approximately 87,000 completed apartment homes in 326 communities in 34 major markets nationwide.