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COPLEY PROPERTIES DECLARES FOURTH QUARTER 1992 DIVIDEND AND REPOI?GNIFICANT ACTIVITY

 BOSTON, April 14 /PRNewswire/ -- Copley Properties, Inc., (AMEX: COP), a real estate investment trust, declared a first quarter 1993 dividend of 20 cents payable on May 12, 1993 to shareholders of record on April 28, 1993.
 Stephen H. Anthony, president of Copley Properties, also reported that occupancy was up to 92 percent for the operating portfolio as of March 31, 1993. This is 3 percent higher than the 1992 year-end occupancy of 89 percent. Much of the occupancy increase is attributed to a 96,300-square-foot lease that was signed by the company at its Huntwood Associates venture in Hayward, Calif. This lease now brings occupancy at the Huntwood project up to 100 percent.
 In addition, Anthony also reported that the board of directors reaffirmed the company's goal of growing its equity base through additional capitalization. The company expects to implement a plan to meet this goal during the balance of the year.
 -0- 4/14/93
 /CONTACT: John Moynihan of Copley Properties, 617-578-1739/
 (COP)


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

DJ -- NE007 -- 5748 04/14/93 12:53 EDT
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Publication:PR Newswire
Date:Apr 14, 1993
Words:183
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