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MERRY LAND PURCHASES ATLANTA APARTMENT PROPERTY

 MERRY LAND PURCHASES ATLANTA APARTMENT PROPERTY
 AUGUSTA, Ga., Aug. 4 /PRNewswire/ -- Peter S. Knox III, chairman of


the board, reported that Merry Land & Investment Company, Inc. (Merry Land) (NYSE: MRY) has purchased a 376-unit apartment, Harvest Grove Apartments in Atlanta, for $10.5 million.
 The seller is a life insurance company which acquired the property in foreclosure.
 Merry Land is a real estate investment trust which owns and operates over 4,000 apartment units in the southeastern United States. The company is headquartered in Augusta, Ga. Its stock is traded on the New York Stock Exchange under the symbol MRY.
 -0- 8/4/92
 /CONTACT: Tennent Houston, president of Merry Land, 706-722-6756/
 (MRY) CO: Merry Land & Investment Company, Inc. ST: Georgia IN: SU: RLE


BR-BN -- AT006 -- 6538 08/04/92 09:58 EDT
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Publication:PR Newswire
Date:Aug 4, 1992
Words:133
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