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MERRY LAND BUYS ATLANTA PROPERTY

 AUGUSTA, Ga., Nov. 11 /PRNewswire/ -- Merry Land & Investment Company, Inc. (NYSE: MRY) has closed the purchase of Sterling Glen Apartments, an up-scale apartment community located in Atlanta.
 The property contains 480 units and was acquired in an all-cash transaction for $30,050,000.
 This acquisition increases the company's portfolio to a total of 12,230 units -- representing a total investment of $466 million.
 -0- 11/11/93
 /CONTACT: Tennent Houston, president, Merry Land & Investment, 706-722-6756/
 (MRY)


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

BR-BN -- AT012 -- 3358 11/11/93 15:59 EST
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Publication:PR Newswire
Date:Nov 11, 1993
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