Dec 2 (Reuters) - BSR Real Estate Investment Trust HOMu.TO :
* PRESS RELEASE - BSR REIT ANNOUNCES THE SALE OF FIVE NONCORE PROPERTIES FOR $86 MILLION
* BSR REAL ESTATE INVESTMENT TRUST - SOLD 5 NONCORE PROPERTIES, COMPRISING 890 APARTMENT UNITS
* BSR REAL ESTATE INVESTMENT TRUST - TWO OF FIVE ASSETS SOLD, WINDSOR ESTATES I AND II ARE IN HOUSTON, TEXAS METROPOLITAN STATISTICAL AREA
* BSR REAL ESTATE INVESTMENT TRUST - OTHER ASSETS SOLD WERE THE POINTE, TEXAS MSA; SOUTH OAKS, ARKANSAS MSA; AND WILLOW LAKE IN LONGVIEW, TEXAS MSA
* BSR REAL ESTATE INVESTMENT- NET PROCEEDS WERE USED TO REPAY $40 MILLION IN MORTGAGE DEBT, BALANCE USED TO REDUCE OUTSTANDING BALANCE ON CO'S CREDIT FACILITY