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SCHEDULE 14A
(RULE 14a)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES
EXCHANGE ACT OF 1934
Filed by the Registrant [X]
Filed by a Party other than the Registrant [ ]
Check the appropriate box:
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[ ] Preliminary Proxy Statement [ ] CONFIDENTIAL, FOR USE OF THE COMMISSION
ONLY (AS PERMITTED BY RULE 14a-6(e)(2))
[ ] Definitive Proxy Statement
[ ] Definitive Additional Materials
[X] Soliciting Material Pursuant to sec.240.14a-11(c) or sec.240.14a-12
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FIRST UNION REAL ESTATE EQUITY AND MORTGAGE INVESTMENTS
(NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
(NAME OF PERSON(S) FILING PROXY STATEMENT, IF OTHER THAN THE REGISTRANT)
Payment of Filing Fee (Check the appropriate box):
[X] No fee required.
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
(1) Title of each class of securities to which transaction applies: .......
(2) Aggregate number of securities to which transaction applies: ..........
(3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the
filing fee is calculated and state how it was determined): ............
(4) Proposed maximum aggregate value of transaction: ......................
(5) Total fee paid: .......................................................
[ ] Fee paid previously with preliminary materials.
[ ] Check box if any part of the fee is offset as provided by Exchange Act Rule
0-11(a)(2) and identify the filing for which the offsetting fee was paid
previously. Identify the previous filing by registration statement number,
or the Form or Schedule and the date of its filing.
(1) Amount Previously Paid: ...............................................
(2) Form, Schedule or Registration Statement No.: .........................
(3) Filing Party: .........................................................
(4) Date Filed: ...........................................................
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FIRST UNION MANAGEMENT, INC.
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AT THE COMPANY IN CLEVELAND IN CHICAGO IN NEW YORK
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Thomas T. Kmiecik Stanley L. Ulchaker Peter Wentz Arthur Gormley
Senior Vice President Edward Howard & Co. Dilenschneider Group Dilenschneider Group
(216) 781-4030 (216) 781-2400 (312) 553-0700 (212) 922-0900
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FOR IMMEDIATE RELEASE
FIRST UNION MANAGEMENT INC. TO CONVERT TENNESSEE MALL
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INTO TELECOMMUNICATIONS AND BUSINESS CENTER
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CLEVELAND, OHIO, MAY 8, 1998 - FIRST UNION MANAGEMENT, INC., today announced
plans to transform a substantial portion of the Two Rivers Mall in Clarksville,
Tennessee, into a telecommunications and business center.
First Union Management, which operates the Two Rivers Mall, is the affiliated
management company of First Union Real Estate Investments (FUR:NYSE).
"We are pleased to have received so much positive support for this concept from
community leaders in Clarksville and such encouraging feedback from the various
businesses that have toured the premises," said Dan Nixon, executive vice
president of First Union Management.
Plans indicate that 100,000 contiguous square feet at the facility will be
offered to call centers and other telecommunications companies. "It's wonderful
that the Two Rivers location will be utilized for these types of businesses.
We're delighted about the prospects of growing our corporate community," said
Clarksville Mayor Don Trotter.
Nixon noted several reasons for converting the retail space, "Not only does
First Union have a very accommodating facility for telecommunications
businesses; but Clarksville also has an outstanding and plentiful labor force in
addition to great amenities such as the adjacent RiverWalk project."
First Union Real Estate Investments is a unique stapled-stock real estate
investment trust (REIT) headquartered in Cleveland, Ohio, and traded on the
New York Stock Exchange.
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