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BRIEFLY

Banking & Finance

September 16, 1993|From Times Staff and Wire Reports

Irvine Co. Creates REIT: The Irvine Co. said it plans to create a real estate investment trust for the 43 apartment complexes it owns and sell a one-third ownership of the REIT in a public offering this fall. The company said it expects the offering to raise about $200 million for the trust to finance construction of new apartment complexes.

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