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HEALTH EQUITY PROPERTIES ANNOUNCES DIVIDEND INCREASE FOR 1992 SECOND QUARTER

HEALTH EQUITY PROPERTIES ANNOUNCES DIVIDEND INCREASE FOR 1992 SECOND
    QUARTER
    WINSTON-SALEM, N.C., June 15 /PRNewswire/ -- Health Equity Properties Incorporated (NYSE: EQP) announced today that the company's board of directors declared the 1992 second quarter dividend of $0.235 per common share.  The payment marks a one-half cent increase over the 1992 first quarter dividend payment of $0.23 and marks the 7th consecutive one-half cent increase in the dividend rate and the company's 23rd consecutive quarterly distribution since inception in 1986.  The payment will be made on July 31, 1992 to shareholders of record June 30, 1992.
    Based in Winston-Salem, N.C., Health Equity Properties owns 75 long-term healthcare facilities in five states.  The Company is managed by a nine member board of directors, five of whom are independent from the Company.
    -0-             06/15/92
    CONTACT:  William G. Benton or Deborah S. Kecseti of Health Equity Properties Incorporated, 919-723-7580
    (EQP) CO:  HEALTH EQUITY PROPERTIES INCORPORATED IN:  HEA SU:  DIV ST:  NC -- CH006 -- X583  06/15/92
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Publication:PR Newswire
Date:Jun 15, 1992
Words:168
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