NEWPORT BEACH, Calif., Oct. 6 /PRNewswire/ -- Pacific Gulf Properties Inc.
(NYSE: PAG) announced today that it has established November 9, 2000 as the
date of its special meeting of shareholders to vote on proposals to sell the
Company's industrial properties portfolio to CalWest Industrial Properties,
LLC, and to sell the Company's remaining assets and liquidate. The record
date for the determination of shareholders entitled to vote at the special
meeting is October 13, 2000.
Pacific Gulf Properties is a real estate investment trust that owns,
develops and manages a portfolio of industrial properties targeting small to
mid-size tenants in selected high-growth western markets. Pacific Gulf
Properties' industrial portfolio includes 72 properties encompassing more than
14.9 million square feet of space. Pacific Gulf Properties also owns
1,631 units of traditional multifamily apartments which it is currently
marketing for sale and a portfolio of properties designed for the burgeoning
population of active seniors age 55 and older. The active senior portfolio
consists of eight rental apartment communities comprised of 1,438 units and
five properties which are currently being developed into approximately
931 units. Pacific Gulf Properties is headquartered in Newport Beach,
California.
SOURCE Pacific Gulf Properties Inc.
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Related links:
http://www.pacificgulf.com
Company News On-Call:
http://www.prnewswire.com/comp/671475.html or fax,
800-758-5804, ext. 671475
CONTACT:
Donald G. Herrman, Chief Financial Officer,
949-223-5000, or Victoria J. Baker, General Information,
703-370-8652, both of Pacific Gulf Properties Inc.
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