CHARLOTTE, N.C., Jan. 9 /PRNewswire/ -- BNP Residential Properties, Inc.
(AMEX: BNP) announced today the tax characteristics of its 2000 dividends.
The company is releasing this information to aid those required to distribute
Form 1099s on its dividends.  This release is based on the results of work on
the company's tax filings.  No material change in these classifications is
expected.

                                             Cash          Taxable
    Declaration   Record      Payable     Distribution    Ordinary   Return of
       Date        Date        Date        Per Share      Dividend    Capital

    01/14/2000    02/01/2000  02/15/2000  $0.31           $0.1547    $0.1553
    04/20/2000    05/02/2000  05/16/2000  $0.31           $0.1547    $0.1553
    07/20/2000    08/01/2000  08/15/2000  $0.31           $0.1547    $0.1553
    10/18/2000    11/01/2000  11/15/2000  $0.31           $0.1547    $0.1553

                Totals                    $1.24           $0.6188    $0.6212

    BNP Residential Properties, Inc. is a self-administered, self-managed real
estate investment trust that owns 15 apartment communities containing 3,680
units.  The company also own 43 restaurant properties, which are leased to a
third-party operator on a triple-net lease basis.
    Information may be requested via e-mail by contacting the investor
relations department at investor.relations@bnproperties.com or via telephone
at (704) 944-0100.

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