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BEI HOLDINGS AWARDED MANAGEMENT AND SPECIAL ADVISOR CONTRACTS ON REAL ESTATE ASSETS TOTALING $1.3 BILLION

 BEI HOLDINGS AWARDED MANAGEMENT AND SPECIAL ADVISOR CONTRACTS
 ON REAL ESTATE ASSETS TOTALING $1.3 BILLION
 ATLANTA, Oct. 8 /PRNewswire/ -- BEI Holdings, Ltd. (NASDAQ: BEIH) today announced that its Dallas-based real estate asset management subsidiary, BEI Management, Inc., has been awarded management and special advisor contracts on real estate assets totaling $1.3 billion in three separate transactions.
 BEI Management has been chosen by the Resolution Trust Corporation (RTC) as Special Advisor for its Series 1992-CHF securitization transaction which is expected to close later this month. The pool of assets subject to this securitization will consist of 1,250 loans having a book value of $900 million. As Special Advisor, BEI Management will provide loan work out and asset liquidation services for loans within the pool which become delinquent.
 In a separate transaction, a joint venture in which BEI Management serves as the asset manager involving two major international corporations and a New York investment banking firm, is the winning bidder for three asset pools in the EROST 5 bulk sale offering by the RTC. The pools consist of 55 non-performing real estate mortgages and foreclosed properties having a book value of approximately $185 million. As asset manager, BEI Management will be responsible for the ongoing management and disposition of the assets within the portfolio.
 Additionally, the Northeast Consolidated Office of the RTC is contributing another 450 real estate assets having a book value of approximately $200 million to the portfolio of assets currently under management by the New Jersey


office of BEI Management.
 BEI Management is one of the largest managers and servicers of real estate assets for financial institutions, governmental agencies, and private investors, currently having approximately $2.8 billion in real estate assets under it management. BEI Management has offices in Dallas, Los Angeles, and South Plainfield, N.J.
 BEI Holdings, Ltd. is a diversified consulting firm with offices throughout the United States providing services to the financial industry.
 -0- 10/8/92
 /CONTACT: Charles C. Ray Jr., chief financial officer of BEI Holdings, Ltd, 404-315-6060, or Robert L. Adair III, chairman of BEI Management, 800-288-3970/
 (BEIH) CO: BEI Holdings, Ltd.; BEI Management, Inc. ST: Georgia IN: FIN SU: CON


BN-BR -- AT005 -- 0327 10/08/92 09:37 EDT
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Publication:PR Newswire
Date:Oct 8, 1992
Words:372
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