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1,500,000 SHARES OF CLASS A COMMON STOCK OF BRE PROPERTIES, INC. OFFERED AT $39 PER SHARE

 NEW YORK, March 22 /PRNewswire/ -- Dean Witter Reynolds Inc., Alex. Brown & Sons Incorporated, Kidder, Peabody & Co. Incorporated and Merrill Lynch & Co., as co-managers of the underwriting group, announced today the public offering of 1,500,000 shares of class A common stock of BRE Properties, Inc. (NYSE: BRE) at a price of $39 per share. The company has granted the underwriters a 30-day option to purchase up to an additional 225,000 shares of common stock to cover over-allotments, if any.
 Founded in 1970, BRE Properties, Inc. is a self-administered equity real estate investment trust which owns and operates garden apartments, shopping centers and other income-producing properties in California, Washington and Arizona. BRE Properties, Inc. is headquartered in San Francisco, Calif.
 -0- 3/22/93
 /CONTACT: Ellen G. Breslauer of BRE Properties, Inc. 415-445-6530/
 (BRE)


CO: BRE Properties, Inc. ST: California IN: SU: OFR

LD -- NY101 -- 8411 03/22/93 17:50 EST
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Publication:PR Newswire
Date:Mar 22, 1993
Words:153
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