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MERRY LAND BUYS SAVANNAH, GA., PROPERTY

 AUGUSTA, Ga., Aug. 3 /PRNewswire/ -- Merry Land & Investment Company, Inc. (NYSE: MRY) has closed the purchase of West Wind Landing, an up-scale apartment community located in Savannah, Ga., in an all-cash transaction for $6,750,000.
 The property contains 192 units and an adjoining one-acre commercial lot.
 This acquisition increases the company's portfolio to a total of 9,083 units -- representing a total investment of $317 million.
 -0- 8/3/93
 /CONTACT: Tennent Houston, president of Merry Land, 706-722-6756/
 (MRY)


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

RA-TG -- AT013 -- 9051 08/03/93 16:27 EDT
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Publication:PR Newswire
Date:Aug 3, 1993
Words:100
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