ARLINGTON, Va., Jan. 27 /PRNewswire/ -- Charles E. Smith Residential
Realty, Inc. (NYSE: SRW) announced today that its Board of Directors declared
a dividend of $.52 per share for the quarter ended December 31, 1997. The
dividend will be payable on February 17, 1998 to all shareholders of record as
of February 6, 1998.
Charles E. Smith Residential Realty, Inc. is a self-managed real estate
investment trust listed on the New York Stock Exchange (SRW). The Company and
its subsidiaries and affiliates own, acquire, develop, and manage multi-family
residential properties; and in addition, provide a full range of real estate
services to other property owners. The Company owns a portfolio of 18,403
apartment units, has over 2,000 units under construction, and manages an
additional 4,000+ units for other owners. The total market capitalization of
the Company -- Charles E. Smith Residential Realty, including its Operating
Partnership -- is approximately $1.7 billion. Investor information including
press releases about Charles E. Smith Residential Realty is available on the
Company's Web site at: http://www.smithreit.com.
SOURCE Charles E. Smith Residential Realty, Inc.
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Related links:
http://www.smithreit.com
CONTACT:
Investors, Denny Minami, 703-769-1123, or
Media, John Kurtz, 703-769-1153, both of Charles E. Smith
Residential Realty
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