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BNP Residential Properties Declares Dividend 

    CHARLOTTE, N.C., July 19 /PRNewswire/ -- BNP Residential Properties, Inc.
(Amex: BNP) a Charlotte, North Carolina based real estate investment trust,
today declared a regular quarterly dividend of $0.31 per share, which will be
paid on August 15, 2001, to shareholders of record on August 1, 2001.
    More information may be obtained by calling the company's Corporate
Offices at (704) 944-0100 or on the Internet through the company website at
http://www.bnproperties.com.  Information requests may be e-mailed to the investor
relations department at investor.relations@bnproperties.com.
SOURCE BNP Residential Properties, Inc.



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  • http://www.bnproperties.com
    CONTACT:
    Philip S. Payne, Executive Vice President and
    CFO of BNP Residential Properties, Inc., +1-704-944-0100
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