NationsBank boosts IRT's line of credit.

ATLANTA - IRT Property Co., a real estate investment trust, said it has completed a $50 million, five-year loan agreement with NationsBank of Georgia.

The loan replaces an existing $25 million revolving credit with the same unit of NationsBank Corp., Charlotte, N.C.

IRT, which invests in southeastern shopping centers, said the new agreement allows it to make prepayments and to reborrow at any time up to the $50 million ceiling. The interest rate for each advance may be designated by IRT at the prime rate or based upon other indexes.

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