DALLAS, June 19, 2000 (PRIMEZONE) -- National Realty, L.P. (AMEX:NLP) announced Monday that at a board meeting held June 18, 2000, the Board of Directors of NRLP Management Corp., the general partner of the partnership, concluded that though there was no indication of involvement by National Realty, L.P. in the Federal securities fraud case announced last week, it was the responsibility of the Board and in the best interest of the NLP limited partners to appoint a special committee of its independent directors to conduct an inquiry into the matter.
No allegations of wrongdoing have been made against the partnership in this matter.
National Realty, L.P. is a Dallas-based real estate investment partnership that operates across the United States. For more information, go to www.nationalrealty-lp.com .