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The Price REIT, Inc. Announces Fourth Quarter Dividend

SAN DIEGO, Nov. 22 /PRNewswire/ -- The Price REIT, Inc. (NYSE: "RET") announced a fourth quarter dividend of $0.70 per share of Common Stock payable on December 31, 1996, to shareholders of record on December 13, 1996.

THE PRICE REIT, INC. (website: http://www.pricereit.com) is a self- administered, self-managed, fully integrated real estate investment trust specializing in the ownership, acquisition and development of retail power and community centers with invested assets of approximately $415 million. The Company now owns 21 retail properties and two undeveloped land parcels located in eight states with approximately 5.2 million square feet of gross leasable area, with an overall occupancy rate in excess of 98%.

SOURCE The Price REIT, Inc.
 -0- 11/22/96


/CONTACT: George Jezek of The Price REIT, Inc., 619-551-2320/

(RET)

CO: The Price REIT, Inc. ST: California IN: FIN SU: DIV

KL-CW -- LAF004 -- 5661 11/22/96 08:01 EST http://www.prnewswire.com
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Publication:PR Newswire
Date:Nov 22, 1996
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