NEWPORT BEACH, Calif., June 12 /PRNewswire/ -- Pacific Gulf Properties
Inc. (NYSE: PAG) announced today the retirement of Royce B. McKinley from its
Board of Directors, effective June 10, 1998. Mr. McKinley, a member of
Pacific Gulf's Board since February 1994 and Chairman Emeritus, stated, "I am
proud of Pacific Gulf's accomplishments to date, and have enjoyed
participating in and contributing to those accomplishments."
Glenn L. Carpenter, Chairman of the Board and Chief Executive Officer,
noted that Mr. McKinley provided sound leadership to the Board and Committees
on which he served. The Board of Directors offered their sincere gratitude
for McKinley's contributions, leadership and support during his tenure.
Pacific Gulf Properties Inc., a self-administered and self-managed equity
real estate investment trust, owns, operates, leases, acquires, rehabilitates
and develops industrial and multifamily properties located in selected markets
within the western United States.
SOURCE Pacific Gulf Properties Inc.
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CONTACT:
Cindy L. Smith of Pacific Gulf Properties
Inc., 949-223-5000, or 800-PGP-1909
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