MERRY LAND BUYS RALEIGH APARTMENT
MERRY LAND BUYS RALEIGH APARTMENT AUGUSTA, Ga., Nov. 5 /PRNewswire/ -- Merry Land & Investment
Company, Inc. (Merry Land) (NASDAQ: MERY) has purchased Misty Woods Apartments, a 360-unit apartment community in Raleigh, N.C., for $8.6 million.
Peter S. Knox III, chairman of the board, reported that the company closed the purchase on Oct. 31. Merry Land expects to continue its program of apartment acquisitions in coming months. The company now owns 3,708 apartment units, with a total cost of $110 million, located in Raleigh, High Point and Charlotte, N.C., Augusta and Savannah, Ga., and Charleston and Greenville, S.C. Merry Land is a Real Estate Investment Trust which invests in real estate and marketable securities. The company is headquartered in Augusta, Ga. Its stock is traded in the Over-the-Counter market under the symbol MERY. -0- 11/5/91 /CONTACT: Tennent Houston, president of Merry Land, 404-722-6756/ (MERY) CO: Merry Land & Investment Company, Inc. ST: Georgia, North Carolina IN: SU: RLE BN-BR -- AT009 -- 1305 11/05/91 14:10 EST
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|Date:||Nov 5, 1991|
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