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FIRST UNION REAL ESTATE ANNOUNCES FIRST QUARTER DIVIDEND

 CLEVELAND, March 3 /PRNewswire/ -- First Union Real Estate Investments (NYSE: FUR) today announced its first quarter dividend of $0.18 per share. The dividend will be paid April 30, 1993, to shareholders of record March 31, 1993. The yield on the current market value of the shares is about 6-1/2 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
 -0- 3/3/93
 /CONTACT: Thomas T. Kmiecik of First Union Real Estate Investments, 216-781-4030/
 (FUR)


CO: First Union Real Estate Investments ST: Ohio IN: FIN SU: DIV

BM -- CL005 -- 2415 03/03/93 11:31 EST
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Publication:PR Newswire
Date:Mar 3, 1993
Words:134
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