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THE TURNER CORPORATION ANNOUNCES SALE OF MINNESOTA PROPERTY

 NEW YORK, March 19 /PRNewswire/ -- The Turner Corporation (AMEX: TUR) today announced the sale of the Summit Park Apartments by its subsidiary, Turner Development Corporation (TDC). The Summit Park property, located in the Minneapolis suburb of Burnsville, was the largest single asset in the TDC portfolio.
 Sale of the property, a four-building, 336-unit complex plus parking, was completed on March 11, 1993 and reduced The Turner Corporation's real estate debt by $14.8 million. The purchaser of the project was Summit Park Partners, a local limited partnership.
 "We are very pleased to have completed this transaction," commented Yale M. Roth, TDC president. "It is right in line with Turner's property transaction goals, and consistent with the company's strategic plans."
 Based in New York City, The Turner Corporation, through Turner Construction Company and other construction subsidiaries, is the nation's largest builder of hospital and healthcare, institutional, retail, commercial, industrial, interiors, biotech/pharmaceutical, government building and multi-unit housing projects. Operating through more than 35 offices, Turner has construction projects underway throughout the United States and abroad. During 1992, The Turner Corporation completed $2.6 billion of construction.
 -0- 3/19/93
 /CONTACT: Beverly A. Benn of The Turner Corporation, 212-229-6157/
 (TUR)


CO: The Turner Corporation ST: New York IN: CST SU:

SM-SH -- NY011 -- 7857 03/19/93 11:22 EST
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Publication:PR Newswire
Date:Mar 19, 1993
Words:218
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