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SIZELER PROPERTY INVESTORS ELECTS NEW DIRECTORS

 KENNER, La., Feb. 22 /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 the board of directors has elected Messrs. Francis L. Fraenkel and Theodore H. Strauss as directors of the company.
 Fraenkel is president and majority shareholder of Delta Capital Management Inc., an investment advisory firm. He previously served as a managing director of Solomon Brothers, Inc. and President of Salomon Brothers Asset Management, Inc., where he was responsible for the overall management and operation of Salomon's Mutual Funds and Private Client Group businesses. Fraenkel has also held senior management positions at Shearson Lehman Brothers, Inc., where he was executive vice president and director.
 Fraenkel received his Bachelor of Business Administration degree from Tulane University, where he was subsequently honored as Outstanding Alumnus in 1985 in recognition of his career accomplishments and his support of Tulane's School of Business. He presently serves on the board of Tulane University A.B. Freeman School of Business.
 Strauss is a senior managing director of Bear, Stearns & Co., in Dallas. He is also presently a member of the boards of directors of Clear Channel Communications and Sport Supply Group. He formerly held positions as founder and chairman of Susan Crane Packaging Co., chairman of Strauss Broadcasting, chairman of Fortune Petroleum, director of the National Bank of Commerce in Dallas, chairman of United National Bank of Dallas, and chairman and CEO of First City Bank of Dallas.
 Strauss received his Bachelor of Business Administration degree from the University of Texas, where he was subsequently honored as a Distinguished Alumnus in 1975. He presently serves on the Advisory Council of the College of Business Administration of the University of Texas. Strauss, whose wife, Annette, is the former Mayor of Dallas, has been involved in many civic activities in the Dallas area, including the Dallas Assembly, the Texas Fine Arts Commission, and the Dallas Chamber of Commerce.
 Sidney W. Lassen, chairman and CEO of Sizeler Property Investors, Inc., stated that, "Both of these gentlemen bring to the Sizeler board a great amount of investment experience in the public market sector, as well as management experience in large financial institutions."
 Sizeler Property Investors, Inc., its subsidiaries, and joint ventures own two enclosed regional shopping malls, one power shopping center, 10 community shopping centers, and seven apartment complexes. Sizeler Property Investors, Inc.'s common stock (SIZ) is traded on the New York Stock Exchange. At Dec. 31, 1992, the company had assets exceeding $130 million.
 -0- 2/22/93
 /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: PER}

BR-RA -- AT021 -- 0022 02/22/93 13:04 EST
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Publication:PR Newswire
Date:Feb 22, 1993
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