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PROPERTY TRUST OF AMERICA FILES PUBLIC OFFERING OF 5,500,000 SHARES OF BENEFICIAL INTEREST

 SANTA FE, N.M., Jan. 15 /PRNewswire/ -- Property Trust of America (NYSE: PTR) filed a registration statement today relating to a proposed public offering of 5,500,000 shares of beneficial interest.
 Of the proposed offering, which will be made only by means of a prospectus, a portion of the shares will be offered to the public through an underwritten offering managed by Goldman, Sachs & Co., A.G. Edwards & Sons, Inc., Kidder Peabody & Co. Incorporated and Merrill Lynch & Co. Concurrently with the underwritten offering, the balance of the shares will be offered to PTR's principal shareholder, Security Capital Realty Investors Incorporated, which expects to purchase between 20 percent and 25 percent of the total number of shares being offered. The shares purchased by Security Capital Realty Investors Incorporated will be at the same price paid by the public and the underwriters will receive no discount or commission on these shares.
 PTR is an equity real estate investment trust which acquires and develops multifamily properties in the southwestern United States.
 The registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.
 -0- 1/15/93
 /CONTACT: John Q. Collins or Jeffrey A. Cozad, Southwest Multifamily Advisors Incorporated, 800-982-9293/
 (PTR)


CO: Property Trust of America ST: New Mexico IN: SU: OFR

SH -- NY049 -- 5405 01/15/93 13:44 EST
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Publication:PR Newswire
Date:Jan 15, 1993
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