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MERRY LAND BUYS ATLANTA PROPERTIES

 AUGUSTA, Ga., Aug. 20 /PRNewswire/ -- Merry Land & Investment Company, Inc. (NYSE: MRY) has closed the purchase of Belmont Landing, a 424-unit up-scale apartment community located in Atlanta, in an all-cash transaction for $15,300,000.
 This acquisition increases the company's portfolio to a total of 9,823 units -- representing a total investment of $345 million.
 -0- 8/20/93
 /CONTACT: Tennent Houston, president of Merry Land & Investment Company, 706-722-6756/
 (MRY)


CO: Merry Land & Investment Company, Inc. ST: Georgia IN: SU: RLE

BR-BN -- AT005 -- 4679 08/20/93 11:04 EDT
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Publication:PR Newswire
Date:Aug 20, 1993
Words:90
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