NEWPORT BEACH, Calif., Dec. 19 /PRNewswire/ -- Pacific Gulf Properties
Inc. (NYSE: PAG) today announced that the record date set for distribution of
the rights under the previously announced Stockholder Rights Plan has been
changed from December 22, 1997 to December 29, 1997. The remaining terms of
the previously announced Rights Plan remain unchanged. As previously
announced, Pacific Gulf Properties will provide stockholders with further
details of the Rights Plan in a letter to be mailed in the next several weeks.
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
in the western United States.
SOURCE Pacific Gulf Properties
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CONTACT:
Cindy L. Smith of Investor Relations, Pacific
Gulf Properties, 714-223-5000
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