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LNH REIT ANNOUNCES SALE OF ITS LARGEST LAND PARCEL

 JACKSON, Miss., Sept. 20 /PRNewswire/ -- LNH REIT, Inc. (NYSE: LHC) announced today the sale of its largest land parcel.
 The sale was for $4,432,000 consisting of $1,108,000 in cash and $3,324,000 in seller financing. The mortgage is at the prime lending rate with a six-year maturity. The buyer of the property was West Houston, Ltd.
 This sale reduces the Trust's land holdings to approximately 254 acres. The loss resulting from the sale was $453,000 ($.21 per share).
 -0- 9/20/93
 /CONTACT: N. Keith McKey, senior vice president, CFO and assistant secretary of LNH REIT, 601-948-4091/
 (LHC)


CO: LNH REIT, Inc.; West Houston, Ltd. ST: Mississippi IN: SU: RLE

BN-TG -- AT013 -- 3868 09/20/93 17:05 EDT
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Publication:PR Newswire
Date:Sep 20, 1993
Words:125
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