EASTGROUP PROPERTIES
300 One Jackson Place
188 East Capitol Street
Jackson, Mississippi 39201
SUPPLEMENT TO THE
PROXY STATEMENT OF LNH REIT, INC.
AND
PROSPECTUS OF EASTGROUP PROPERTIES
DATED APRIL 15, 1996
The information with respect to the quarter ended March 31,
1996 in the table captioned "LNH Shares" on page 59 of the Proxy
Statement of LNH REIT, Inc. ("LNH") and Prospectus of EastGroup
Properties in connection with the special meeting of shareholders
of LNH to be held May 14, 1996 should read as follows:
Distribution
Declared Per
Quarter Ended High Low Share
- ----------------------- ------ ------ ------------
March 31, 1996 $ 8 $7 1/2 $0.15
DATED: April 23, 1996