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EXHIBIT 99(a)
News Release
For further information: Fred Nachman
Michael K. Kaline Marjan Communications Inc.
President 312/867-1771
248/644-7110
FOR IMMEDIATE RELEASE
MALAN REALTY INVESTORS ELECTS EDWARD T. BOUTROUS
TO THE BOARD OF DIRECTORS
BINGHAM FARMS, MICH., DECEMBER 7, 2000 - MALAN REALTY INVESTORS, INC.
(NYSE: MAL), a self-administered real estate investment trust (REIT), today
announced that Edward T. Boutrous has been elected to the company's board of
directors. Boutrous, 54 is the managing member of The Boutrous Companies, LLC,
in Auburn Hills, Michigan. The company is a developer of neighborhood shopping
centers.
The election of Boutrous expands the board of directors to seven
members.
Malan Realty Investors, Inc. owns, acquires, redevelops and manages
properties that are leased primarily to national and regional retail companies.
The company owns a portfolio of 64 properties located in 9 states that contains
an aggregate of approximately 5.9 million square feet of GLA.
News releases for Malan Realty Investors are available on the company's
web site at www.malanreit.com or through Company News On-Call by fax at (800)
758-5804, ext. 114165, or www.prnewswire.com.
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