Printer Friendly

VINLAND PROPERTY TRUST RECEIVES $4.5 MILLION IN CASH

 VINLAND PROPERTY TRUST RECEIVES $4.5 MILLION IN CASH
 DALLAS, Dec. 13 /PRNewswire/ -- Vinland Property Trust


(NASDAQ: VIPTS) today announced it received net proceeds of approximately $4.5 million after the discounted payoff of a delinquent mortgage receivable. The note was secured by the 360-unit Swiss Village apartments in Houston.
 "The trust has been juggling its capital needs with its very thin liquidity for some time," said a spokesperson for the trust. "This unexpected payoff leaves Vinland in an adequately financed position."
 Vinland Property Trust is a combination mortgage and equity real estate investment trust which operates primarily in Texas and Oklahoma.
 -0- 12/13/91
 /CONTACT: Jean Krone Bono of Vinland Property Trust, 214-692-4800/
 (VIPTS) CO: Vinland Property Trust ST: Texas IN: FIN SU: SM -- NY059 -- 2519 12/13/91 16:35 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 13, 1991
Words:134
Previous Article:FARMER JACK/A&P OFFICIALS TO PRESENT ST. PASCHAL'S ELEMENTARY WITH APPLE IIe COLOR SYSTEM COMPUTER AND EQUIPMENT
Next Article:BOISE CASCADE ANNOUNCES ELECTION OF PRESIDENT, CHIEF OPERATING OFFICER
Topics:


Related Articles
CONTINENTAL MORTGAGE AND EQUITY TRUST REPORTS YEAR END RESULTS
VINLAND PROPERTY TRUST REPORTS FIRST QUARTER RESULTS
ONE TURTLE CREEK OFFICE BUILDING INCREASES OCCUPANCY TO 90 PERCENT
MPMT ANNOUNCES WRITE-DOWNS OF HAWTHORNE AND HALL STREET INVESTMENTS AND SECOND QUARTER EARNINGS
HEALTH EQUITY PROPERTIES REDUCES DEBT
VINLAND PROPERTY TRUST REPORTS THIRD QUARTER RESULTS
VINLAND PROPERTY TRUST REPORTS RESULTS
UNIVERSAL HEALTH REALTY INCOME TRUSTREPORTS 27% INCREASE IN FIRST QUARTER NET INCOME
VINLAND PROPERTY TRUST REPORTS SECOND QUARTER RESULTS
Cornerstone Reports Second Quarter Results

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters