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SIZELER PROPERTY INVESTORS, INC. ACQUIRES THE GEORGIAN APARTMENTS IN NEW ORLEANS

 SIZELER PROPERTY INVESTORS, INC. ACQUIRES THE GEORGIAN APARTMENTS
 IN NEW ORLEANS
 KENNER, La., Sept. 2 /PRNewswire/ -- Sizeler Property Investors, Inc. (NYSE: SIZ) announced today that it has acquired the Georgian Apartments in New Orleans.
 The property consists of 135 apartment units and is located on a major thoroughfare within the city of New Orleans. Although the property is presently fully leased, the company plans to initiate a program of capital improvements to the building and its common amenities within the immediate future to further improve its attractiveness to the market.
 The company initiated an acquisition program in 1991 to take advantage of attractive real estate investment opportunities resulting from the current economic market. Since then, the company has acquired three community shopping centers, one power shopping center, and two apartment properties in the states of Florida, Texas and Louisiana for a total investment of approximately $34 million. The company is presently seeking the acquisition of additional properties for the company's portfolio.
 Sizeler Property Investors, Inc., is a self-administered equity real estate investment trust which invests in income-producing shopping centers and apartment properties in the southern United States. The company is based in Kenner, La., a suburb of New Orleans.
 -0- 9/2/92 R
 /CONTACT: John J. Gilluly Jr., vice president/treasurer of Sizeler Property Investors, 504-466-5363/
 (SIZ) CO: Sizeler Property Investors, Inc. ST: Louisiana IN: SU: RLE


BN-EA -- AT010 -- 6031 09/02/92 15:31 EDT
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Publication:PR Newswire
Date:Sep 2, 1992
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