ARLINGTON, Va., Feb. 13 /PRNewswire/ -- Charles E. Smith Residential
Realty, Inc. (NYSE: SRW) is pleased to announce the successful issuance of
2.7 million shares of common stock priced at the close of business February
12, 1997 based upon the last trade of $28.375. The funds will be used
primarily to fund pending acquisitions.
Charles E. Smith Residential Realty, Inc. is a self-managed Real Estate
Investment Trust that is the largest publicly traded multifamily real estate
company focused on the greater Washington, D.C Region. The Company and its
subsidiaries and affiliates own, acquire, develop and manage multifamily
residential properties, and provide related real estate services to other
property owners in the Washington, D.C. area.
SOURCE Charles E. Smith Residential Realty, Inc.
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CONTACT:
Ernest A. Gerardi, Jr., 703-769-1000, or
Denny Minami, 703-769-1020, both of Charles E. Smith Residential
Realty
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