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ORANGE COUNTY BRIEFLY

REIT Boosts Dividend

December 10, 1998

Directors of Pacific Gulf Properties Inc., a Newport Beach real estate investment trust, raised the quarterly dividend to 43 cents a share from 42 cents, payable Jan. 8 to shareholders of record on Jan. 1

Pacific Gulf Properties owns, develops and manages industrial properties targeting small to midsize tenants in selected high-growth Western markets. The company's industrial portfolio includes 67 properties encompassing more than 14 million square feet of space.

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