THE VIRGINIAN-PILOT
Copyright (c) 1994, Landmark Communications, Inc.
DATE: SATURDAY, June 11, 1994 TAG: 9406110354
SECTION: BUSINESS PAGE: I1 EDITION: FINAL
SOURCE: Short
DATELINE: 940611 LENGTH:
UNITED DOMINION TO CLOSE ON ADDITIONAL COMPLEXES
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United Dominion Realty Trust, Inc. which announced in April that it had
contracted to acquire a portfolio of apartment communities, said it plans to
close on 25 of the apartment communities containing 5,170 units for $162
million. Closing on 20 or 21 of the properties is scheduled for the end of
June. The remaining four or five properties are scheduled to close in
mid-August. Twenty-three of the 25 properties are in the Southeast; the other
2 are in Delaware. United Dominion now owns 20,254 apartments in the
Southeast, from Baltimore/Washington to Tampa, Fla. Upon closing of the
portfolio, the trust will own more than 25,000 units in the Southeast.
by CNB