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CARR REALTY CORPORATION SETS DATE FOR ANNUAL MEETING OF STOCKHOLDERS

WASHINGTON, March 11 /PRNewswire/ -- Carr Realty Corporation (NYSE: CRE) today announced that the Annual Meeting for Stockholders will be held on Wednesday, June 12, 1996 at the Willard Inter- Continental Hotel in Washington, D.C., commencing at 9:00 a.m. EST. The record date for determination of the right to vote at the Annual Meeting of Stockholders is April 26, 1996 at 5:00 p.m. EST.

On February 26, 1996, Carr Realty Corporation stockholders overwhelmingly approved Security Capital U.S. Realty's $250 million investment into the Company. Stockholders also approved a proposal to change the name of the Company to CarrAmerica Realty Corporation, reflecting the Company's new strategic direction. The name change will become effective at the time of the initial Security Capital U.S. Realty investment.

The Company's Annual Report and Notice of Meeting and Proxy Statement will be mailed to all stockholders on or about May 8, 1996. The Company expects to file an Annual Report on Form 10-K with the Securities and Exchange Commission on April 1, 1996 and will make that available to stockholders upon request. The Company also maintains a toll-free number, 1-800-417-CARR(2277) for the convenience of its stockholders.

The Company's national strategy calls for a continuation of its traditional focus on meeting the many changing needs of corporate office space customers, but expands that vision to a national level and intensifies the Company's focus on suburban office environments. New acquisitions and development activity will focus primarily on select suburban areas and on high quality properties that will serve the dynamically changing needs of corporate America. Currently, the Company owns interests in a portfolio of 18 operating office properties totaling 4.6 million square feet and is developing two additional properties totaling 400,000 square feet. The Carr organization has developed, owned and operated office buildings in the Washington, D.C. metropolitan area for over 30 years and is widely considered the preeminent operator of office properties in this region, providing real estate services to over 12 million square feet of office space.
 -0- 3/11/96


/CONTACT: Karen L. Widmayer of Carr Realty, 202-624-1789/

(CRE)

CO: Carr Realty Corporation ST: District of Columbia IN: FIN SU:

AM-DS -- DCM005 -- 0603 03/11/96 08:31 EST
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Publication:PR Newswire
Date:Mar 11, 1996
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