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Mar Mar Realty Trust Announces $150 Million Credit Facility

21 January 1999

Mar Mar Realty Trust Announces $150 Million Credit Facility

    CHARLOTTE, N.C., Jan. 21 -- Mar Mar Realty Trust, through an
affiliate, obtained a $150 million secured credit facility from Ford Motor
Credit Company.  The financing will be used to fund a portion of the purchase
price of franchised auto dealership properties which are to be acquired in
sale/leaseback transactions.
    Mar Mar Realty Trust was formed in 1998 to pursue the business of
providing sale/leaseback real estate financing to automotive related
companies.  The Company currently owns or has contracted to acquire, through
an affiliate, approximately thirty franchised dealership properties, as well
as numerous properties used by other automotive businesses including auto
parts stores, auto body repair facilities, and other related uses.
    The Company is based in Charlotte, North Carolina and is pursuing
sale/leaseback transactions on a national basis.