Printer Friendly

SIZELER PROPERTY INVESTORS, INC. COMPLETES ACQUISITION OF STEEPLECHASE APARTMENTS

 KENNER, La., Jan. 4 /PRNewswire/ -- Sizeler Property Investors, Inc. (NYSE: SIZ), an equity real estate investment trust (REIT) which invests in income-producing shopping center and apartment properties, announced today that it has completed the purchase of the Steeplechase Apartments, in Lafayette, La., for $3.5 million.
 Constructed in 1981, the 11-acre site includes 192 one- and two- bedroom, garden-style units. The acquisition of Steeplechase Apartments brings the total number of apartment units owned by Sizeler Property Investors, Inc., its subsidiaries, and joint ventures to 523. The Steeplechase complex is in excellent condition and needs only minor improvements.
 Sizeler owns two enclosed regional shopping malls, one power shopping center, 10 community shopping centers, and four apartment complexes in the southern United States.
 Sizeler Property Investors, Inc.'s common stock (SIZ) is traded on the New York Stock Exchange. At Sept. 30, 1992, the company had assets totaling $117 million.
 -0- 1/4/93
 /CONTACT: John J. Gilluly Jr., vice president and treasurer of Sizeler Property Investors, 504-466-5363, or, home, 504-833-4773/
 (SIZ)


CO: Sizeler Property Investors, Inc. ST: Louisiana IN: SU: RLE

BR-BN -- AT012 -- 1406 01/04/93 15:59 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 4, 1993
Words:189
Previous Article:SPO PARTNERS ACQUIRES INTEREST IN PLUM CREEK TIMBER CO., L.P. FROM BURLINGTON RESOURCES INC.
Next Article:OXFORD INDUSTRIES INCREASES QUARTERLY DIVIDEND
Topics:


Related Articles
SIZELER PROPERTY INVESTORS, INC., PURCHASES CAMELOT PLAZA SHOPPING CENTER, IN SAN ANTONIO, TEXAS
SIZELER PROPERTY INVESTORS PURCHASES WESTWARD SHOPPING CENTER IN WEST PALM BEACH, FLA.
SIZELER PROPERTY INVESTORS, INC. ACQUIRES THE GEORGIAN APARTMENTS IN NEW ORLEANS
SIZELER PROPERTY INVESTORS, INC. ACQUIRES THE GEORGIAN APARTMENTS IN NEW ORLEANS
SIZELER PROPERTY INVESTORS, INC. TO ACQUIRE STEEPLECHASE APARTMENTS
SIZELER PROPERTY INVESTORS TO ACQUIRE WOODCLIFF APARTMENTS
SIZELER PROPERTY INVESTORS ACQUIRES WOODCLIFF APARTMENTS
SIZELER PROPERTY INVESTORS TO ACQUIRE FLORIDA POWER SHOPPING CENTER
SIZELER PROPERTY INVESTORS, INC. COMPLETES ACQUISITION OF FLORIDA POWER SHOPPING CENTER
Sizeler Property Investors, Inc. Completes Sale of Bryn Mawr Apartments.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters