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PROPERTY TRUST OF AMERICA ANNOUNCES DECLARATION OF DIVIDEND

 PROPERTY TRUST OF AMERICA ANNOUNCES DECLARATION OF DIVIDEND
 EL PASO, Texas, Sept. 11 /PRNewswire/ -- Property Trust of America (NYSE: PTR) announced today that its board of trustees declared a regular dividend of $0.175 per share, payable on Nov. 6, 1992 to shareholders of record on Sept. 22, 1992.
 PTR is an equity real estate investment trust (REIT) which invests in multifamily properties in its 12-city target market in the southwestern United States. PTR's advisor is Southwest Multifamily Advisors Incorporated, which is an affiliate of PTR's largest shareholder (21.1 percent), Security Capital Realty Investors Incorporated. The Advisors' management team is focusing PTR's efforts on acquiring, developing and operating multifamily housing that will compete effectively in each specific marketplace over the long term, as well as producing high initial and growing Funds from Operations ("FFO"), which will maximize quarterly dividend growth to shareholders.
 -0- 9/11/92
 /CONTACT: James H. Polk III, or Jeffrey A. Cozad of Southwest Multifamily Advisors Inc., 800-982-9293/
 (PTR) CO: Property Trust of America ST: Texas IN: FIN SU: DIV


TS -- NY012 -- 8357 09/11/92 09:34 EDT
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Publication:PR Newswire
Date:Sep 11, 1992
Words:183
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