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COLUMBIA REAL ESTATE INVESTMENTS DECLARES DIVIDEND

 COLUMBIA REAL ESTATE INVESTMENTS DECLARES DIVIDEND
 COLUMBIA, Md., March 3 /PRNewswire/ -- The board of directors


of Columbia Real Estate Investments, Inc. (AMEX: CIV) today announced the declaration of a dividend of $0.23 per share, payable March 31, 1992 to shareholders of record at the close of business on March 16, 1992. This dividend represents the results of the company's operations for the three month period ending Feb. 29, 1992.
 Columbia Real Estate Investments, Inc. is a real estate investment trust which invests in residential mortgages and other mortgage derivative products. It also has issued collateralized mortgage obligations (CMOs) through a special purpose subsidiary.
 -0- 3/3/92
 /CONTACT: Tom Ireton of Columbia Real Estate Investments, 301-964-8875/
 (CIV) CO: Columbia Real Estate Investments Inc. ST: Maryland IN: FIN SU: DIV


TS-AH -- NY050 -- 4482 03/03/92 12:29 EST
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Publication:PR Newswire
Date:Mar 3, 1992
Words:139
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