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ONE TURTLE CREEK OFFICE BUILDING INCREASES OCCUPANCY TO 90 PERCENT

 ONE TURTLE CREEK OFFICE BUILDING INCREASES OCCUPANCY TO 90 PERCENT
 DALLAS, July 20 /PRNewswire/ -- Vinland Property Trust (NASDAQ: VIPTS) is pleased to announce that Ensearch Management Company leased 37,118 square feet at One Turtle Creek, a 54,870-square-foot office building in Dallas. Ensearch, the property's manager, raised the occupancy to 90 percent during the second quarter ended June 30, 1992, as a result of these additional leases.
 One Turtle Creek is now 90 percent leased -- significantly above the occupancy level for other properties in this market. When Vinland acquired the property on April 1, 1992, the building was 14 percent occupied.
 New tenants are Mankoff, Hill, Held & Goldburg (22,232 square feet), Unimark Insurance Agency (11,116 square feet), and Fortress Financial Group (3,437 square feet). In addition, numerous existing tenants have expanded their space and extended their lease terms.
 The office building will be renovated over the next few months, making the property an area landmark once again.
 Vinland Property Trust is a combination mortgage and equity real estate investment trust which operates primarily in Texas, Oklahoma and Florida.
 -0- 7/20/92
 /CONTACT: Jean Krone Bono of National Realty Advisors, 214-692-4800, for Vinland Property Trust/
 (VIPTS) CO: Vinland Property Trust ST: Texas IN: SU:


SH -- NY045 -- 0706 07/20/92 11:51 EDT
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Publication:PR Newswire
Date:Jul 20, 1992
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