VININGS INVESTMENT PROPERTIES TRUST
PROXY FOR ANNUAL MEETING OF SHAREHOLDERS
to be held on July 11, 2000
----------------------------------------
The undersigned hereby constitutes and appoints Peter D. Anzo and Stephanie
A. Reed, and each of them, as Proxies of the undersigned, with full power to
appoint his or her substitute, and authorizes each of them to represent and vote
all common shares of beneficial interest of Vinings Investment Properties Trust
(the "Trust") held of record as of the close of business on May 26, 2000 at the
Annual Meeting of Shareholders (the "Annual Meeting") of the Trust to be held at
the offices of the Trust at 2839 Paces Ferry Road, Suite 1170, Atlanta, Georgia
30339, at 10:00 a.m. Eastern Time, on July 11, 2000, and at any adjournments or
postponements thereof.
When properly executed, this proxy will be voted in the manner directed
herein by the undersigned shareholder(s). If no direction is given, this proxy
will be voted "FOR" the election of the five nominees for Trustees. In their
discretion, the Proxies are each authorized to vote upon such other business as
may properly come before the Annual Meeting and any adjournments or
postponements thereof. A shareholder wishing to vote in accordance with the
Board of Trustees' recommendations need only sign and date this proxy and return
it in the enclosed envelope.
The undersigned hereby acknowledge(s) receipt of a copy of the accompanying
Notice of Annual Meeting of Shareholders, the Proxy Statement and the Trust's
Annual Report on Form 10-K to shareholders and hereby revoke(s) any proxy or
proxies heretofore given. This proxy may be revoked at any time before it is
exercised.
THIS PROXY IS SOLICITED BY THE BOARD OF TRUSTEES OF
VININGS INVESTMENT PROPERTIES TRUST
Please vote and sign on the other side and return promptly
in the enclosed envelope.
Do not forget to date your proxy.
Please sign name exactly as shown. Where there is more than one holder,
each should sign. When signing as an attorney, administrator, guardian or
trustee, please add your title as such. If executed by a corporation or
partnership, the proxy should be signed by a duly authorized person, stating his
or her title of authority.
- -------- -------------------
X Please mark vote
as in this example
- -------- -------------------
Proposal 1. Proposal to elect five Trustees, each to serve for a one-year
term until the election and qualification of his or her successor.
Nominees: Peter D. Anzo, Stephanie A. Reed, John A. Christy, Phill D.
Greenblatt and Henry Hirsch
- ------------ ------ ------------ ------ ------------ ------
FOR AGAINST FOR ALL
EXCEPT
- ------------ ------ ------------ ------ ------------ ------
If you do not wish your shares voted FOR a particular nominee, mark the FOR
ALL EXCEPT box and strike a line through that nominee's name. Your shares will
be voted for the remaining nominee(s).
Proposal 2 . In their discretion, the Proxies are each authorized to vote
upon such other business as may properly come before the Annual
Meeting and any adjournments or postponements thereof.
Please be sure to sign and date this proxy.
Date: _________________________________
Signature(s): _________________________________
_________________________________
CHANGE OF _________________________________
ADDRESS?
_________________________________