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HEALTH EQUITY PROPERTIES ANNOUNCES DIVIDEND INCREASE FOR FOURTH QUARTER OF 1991

 HEALTH EQUITY PROPERTIES ANNOUNCES DIVIDEND INCREASE
 FOR FOURTH QUARTER OF 1991
 WINSTON-SALEM, N.C., Dec. 5 /PRNewswire/ -- Health Equity Properties Incorporated (NYSE: EQP) announced today that the Company's board of directors declared the 1991 fourth quarter dividend of $0.225 per common share. The payment is a one-half cent increase over the 1991 third quarter dividend payment of $0.22 and is the Company's 21st consecutive quarterly distribution since inception in 1986.
 The payment will be made on Jan. 31, 1992 to shareholders of record Dec. 31, 1991. It is anticipated that a portion of the dividend will be considered nontaxable return of capital for federal income tax purposes.
 Based in Winston-Salem, N.C., Health Equity Properties owns 75 nursing home facilities with a total of 5,043 beds. The Company is managed by a nine member board of directors, five of whom are independent from the Company.
 -0- 12/5/91
 /CONTACT: William G. Benton or Deborah S. Kecseti, Health Equity Properties Incorporated, 919-723-7580/
 (EQP) CO: Health Equity Properties Incorporated ST: North Carolina IN: HEA SU: DIV


CM -- CH007 -- 9780 12/05/91 15:29 EST
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Publication:PR Newswire
Date:Dec 5, 1991
Words:187
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