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COPLEY PROPERTIES, INC. REPORTS MANAGEMENT CHANGES AND SECOND QUARTER 1993 DIVIDEND

 BOSTON, July 14 /PRNewswire/ -- Copley Properties, Inc. (AMEX: COP), a real estate investment trust, reported that Steven E. Wheeler was elected president and chief executive officer as well as a director of the company.
 The Chairman of the Board, Joseph W. O'Connor, stated that "Steve brings substantial experience in real estate securitization to the position and will explore new opportunities for the Trust." Wheeler's previous positions include chairman and CEO of Hancock Realty Investors, which manages a $2 billion equity real estate portfolio and managing director and co-head of real estate activities for Morgan Stanley Group, Inc. Wheeler succeeds Stephen H. Anthony as president, who will remain on the Board until his retirement in 1994.
 Mary L. Lentz was elected to the new position of vice president and chief operating officer of the company. Lentz was previously at The Chiofaro Company, where she directed the leasing of International Place, a two million square-foot office and retail complex in downtown Boston.
 In other business, the company declared a second quarter 1993 dividend of 20 cents payable on Aug. 11, 1993 to shareholders of record on July 28, 1993. The company also reported that occupancy was up to 93 percent for the operating portfolio as of June 30, 1993. This is 1 percent higher than the 1993 first quarter occupancy of 92 percent.
 -0- 7/14/93
 /CONTACT: John Moynihan of Copley Properties, Inc., 617-578-1739/
 (COP)


CO: Copley Properties, Inc. ST: Massachusetts IN: SU: DIV, PER

CM-DJ -- NE009 -- 1502 07/14/93 14:38 EDT
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Date:Jul 14, 1993
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