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FIRST UNION ANNOUNCES THIRD QUARTER DIVIDEND

 FIRST UNION ANNOUNCES THIRD QUARTER DIVIDEND
 CLEVELAND, Sept. 2 /PRNewswire/ -- First Union Real Estate


Investments (NYSE: FUR) today announced its third quarter dividend of $0.18 per share. The dividend will be paid Oct. 30, 1992, to shareholders of record Sept. 30, 1992. The yield on the current share market value is nearly 9 percent.
 First Union Real Estate Investments is a self administered equity real estate investment trust specializing in acquiring and holding real estate for current yield and long term appreciation. Its portfolio is made up of 34 properties in 17 states consisting of shopping malls, office buildings and apartment complexes.
 -0- 9/2/92
 /CONTACT: Thomas T. Kmiecik, Treasurer of First Union Real Estate Investments, 216-781-4030/
 (FUR) CO: First Union Real Estate Investments ST: Ohio IN: FIN SU: DIV


BM -- CL011 -- 5884 09/02/92 11:40 EDT
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Publication:PR Newswire
Date:Sep 2, 1992
Words:141
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