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MORTGAGE AND REALTY TRUST ARRANGEMENT WITH ITS CREDITORS EXTENDED

 ELKINS PARK, Pa., July 30 /PRNewswire/ -- Mortgage and Realty Trust (NYSE: MRT) announced today that the standstill arrangement with its creditors, which expires at the end of July, will be extended to Aug. 16, 1993.
 As previously announced, negotiations between the Trust and its creditors continue in an effort to reach a consensual restructuring of the Trust's debt obligations.
 /delval/
 -0- 7/30/93
 /CONTACT: Daniel F. Hennessey, treasurer of Mortgage and Realty Trust, 215-881-1525/
 (MRT)


CO: Mortgage and Realty Trust ST: Pennsylvania IN: FIN SU:

LJ-MK -- PH033 -- 7835 07/30/93 14:48 EDT
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Publication:PR Newswire
Date:Jul 30, 1993
Words:95
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