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AMERICAN REALTY TRUST ANNOUNCES SALE OF STOCK TO PRIVATE INVESTOR

 AMERICAN REALTY TRUST ANNOUNCES SALE OF STOCK TO PRIVATE INVESTOR
 DALLAS, June 23 /PRNewswire/ -- American Realty Trust, Inc. (NYSE: ARB), today announced that Donald C. Carter, a private investor, purchased 377,359 newly issued shares of the company's stock for $2 million. This purchase brings Carter's total holdings to 16.8 percent of the issued shares of ART. The company said it has the right, and, under certain circumstances, the obligation, to repurchase substantially all of Carter's holdings.
 "This transaction, together with the sale last week of the company's largest non-performing investment, the Continental Hotel and Casino, substantially improves our liquidity," said a spokesperson for the company.
 American Realty Trust, Inc., is a New York-based real estate company which primarily invests in real estate, real estate-related entities, and mortgage loans.
 -0- 6/23/92
 /CONTACT: Jean Bono of National Realty Advisors, 214-692-4811, for American Realty Trust/
 (ARB) CO: American Realty Trust, Inc. ST: Texas IN: FIN SU:


GK -- NY071 -- 2944 06/23/92 15:17 EDT
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Publication:PR Newswire
Date:Jun 23, 1992
Words:166
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