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NATIONAL REALTY REPORTS THIRD-QUARTER RESULTS

             NATIONAL REALTY REPORTS THIRD-QUARTER RESULTS
    DALLAS, Nov. 18 /PRNewswire/ -- National Realty, L.P. (AMEX: NLP)


today announced operating results for the third quarter and nine months ended Sept. 30, 1991.
    For the three months ended Sept. 30, 1991, net loss was $7.6 million, or $3.45 per unit, on revenues of $24.7 million, compared with a net loss of $5.9 million, or $2.66 per unit, on revenues of $24.9 million in the third quarter of the prior year.
    For the nine months ended Sept. 30, 1991, net loss was $17.3 million, or $7.87 per unit, on revenues of $72.7 million.  This compared with net income of $4.4 million, or $2.01 per unit, on revenues of $73.9 million in the first nine months of 1990.
    Results for the third quarter and nine months ended Sept. 30, 1990, include an extraordinary gain of $897,000.  There were no such gains for the comparable periods in 1991.
    National Realty, L.P. is a national real estate investment partnership engaged in the acquisition, financing, operation, and sale of real estate and real estate assets.  The limited partners' ownership represents 98 percent of the total partnership.
                         NATIONAL REALTY, L.P.
                         Financial Highlights
            (In thousands, except unit and per-unit amounts)
     Periods ended               Three months            Nine months
     Sept. 30                   1991      1990         1991       1990
    Total Revenues            $24,658   $24,937      $72,654    $73,888
    Loss from operations       (7,897)   (5,637)     (17,092)   (15,544)
    Gain on sale of
     real estate                  371        --          371     20,190
    Loss on foreclosure            --    (1,128)          --     (1,128)
    Litigation and
     settlement costs             (43)       --         (571)        --
    Net income (loss)          (7,569)   (5,868)     (17,292)     4,415
    Net income (loss) per
     limited partner unit      $(3.45)   $(2.66)      $(7.87)     $2.01
    Weighted average units
     outstanding            2,150,166 2,156,633    2,152,633  2,156,714
    -0-          11/18/91
    /CONTACT:  Jean Krone Bono, 214-692-4800, for National Realty/
    (NLP) CO:  National Realty L.P. ST:  Texas IN:  FIN SU:  ERN CK -- NY027 -- 1317 11/18/91 10:18 EST
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Publication:PR Newswire
Date:Nov 18, 1991
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