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PROPERTY TRUST OF AMERICA ANNOUNCES DECLARATION OF DIVIDEND

 DALLAS, April 26 /PRNewswire/ -- Property Trust of America (NYSE: PTR) announced today that on April 23 its board of trustees declared a regular dividend of 20.5 cents per share, payable on May 14, 1993 to shareholders of record on May 3, 1993.
 PTR's objective is to become the dominant real estate operating company in the southwestern United States focusing on the acquisition, development, operation and long-term ownership of multifamily properties.
 -0- 4/26/93
 /CONTACT: John Q. Collins or Jeffrey A. Cozad of Security Capital Group, 800-982-9293/
 (PTR)


CO: Property Trust of America ST: New York IN: SU: DIV

SB -- NY080 -- 0701 04/26/93 12:41 EDT
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Apr 26, 1993
Words:109
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