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BEI HOLDINGS JOINT VENTURE WINS RTC N-1 BID

 ATLANTA, Nov. 18 ~PRNewswire~ -- BEI Holdings, Ltd. (NASDAQ: BEIH) today announced that a joint venture involving its Dallas-based real estate asset management subsidiary, BEI Management, Inc., has won the RTC Mortgage Trust N-1 Series of 1992 bid on 425 real estate assets totaling $360 million from the Resolution Trust Corporation.
 BEI Management will have an ownership interest in the joint venture and will serve as the manager of the asset pool. As asset manager, BEI Management will be responsible for the ongoing management and disposition of the assets within the portfolio. Other members of the joint venture will include a unit of Bankers Trust New York Corporation and Sterling American Properties, LP of New York.
 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 its management. BEI Management has offices in Dallas, Los Angeles, and South Plainfield, N.J.
 BEI Holdings, Ltd. is a diversified consulting firm providing services internationally to the financial industry with offices throughout the United States and in London.
 -0- 11~18~92
 ~CONTACT: Charles C. Ray Jr., CFO of BEI Holdings, Ltd., 404-315-6060, or Robert L. Adair III, chairman of BEI Management, Inc., 800-288-3970~
 (BEIH)


CO: BEI Holdings, Ltd.; BEI Management, Inc. ST: Georgia, Texas IN: SU: CON

EA-BN -- AT002 -- 2198 11~18~92 09:23 EST
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Publication:PR Newswire
Date:Nov 18, 1992
Words:236
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