Price REIT at www.pricereit.com

[Tom Brady]

The Price REIT, Inc. is a self-administered, self-manged, fully
integrated real estate investment trust specializing in the ownership,
acquisition and development of retail power and community centers with
invested assets of approximately $385 million.

The company (http://www.pricereit.com) now owns 19 retail properties
located in seven states with approximately 4.7 million square feet of
gross leasable area, with an overall occupany rate of 98%

To receive our Annual Report and returns, see our new web site at
www.pricereit.com Analysts and investors are invited to send questions
to pric...@earthlink.net or contact George Jezek 619-551-2320

Updated June 96