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SIZELER PROPERTY INVESTORS, INC. COMPLETES CAPITAL OFFERING

 KENNER, La., May 13 /PRNewswire/ -- Sizeler Property Investors, Inc. (NYSE: SIZ) announced today that the company closed the previously announced offering of 4 million shares of common stock at $13.00 per share and $65 million of 8.0 percent Convertible Subordinated Debentures due 2003.
 Net proceeds from the offering to the company totaled approximately $111 million. The debentures will trade on the New York Stock Exchange under the symbol "SIZ 03" and are convertible into common stock of the company at any time prior to maturity.
 The securities were issued by the company to selected unaffiliated institutional investors. National Westminster Bank PLC, Capital Markets Branch, acted as agent for the company in the arrangement of this transaction.
 Sizeler Property Investors, Inc. is a self-administered real estate investment trust (REIT) which invests in income-producing shopping center and apartment properties in the southern United States. The company's portfolio includes interests in two enclosed regional malls, one power shopping center (a large community shopping center anchored by market-dominant retail merchants), 10 community shopping centers, and seven apartment complexes. Fourteen of the company's properties are located in Louisiana, three in Florida, two in Alabama and one in Texas.
 Sizeler Property Investors, Inc.'s common stock is traded on the New York Stock Exchange under the symbol "SIZ."
 -0- 5/13/93
 /CONTACT: John J. Gilluly Jr., vice president/treasurer of Sizeler Property Investors, 504-466-5363 or, home, 504-833-4773/
 (SIZ)


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

BN-BR -- AT014 -- 8287 05/13/93 16:20 EDT
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Publication:PR Newswire
Date:May 13, 1993
Words:254
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