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BURNHAM PACIFIC PROPERTIES TO HOLD SPECIAL MEETING OF SHAREHOLDERS ON JAN. 27

 BURNHAM PACIFIC PROPERTIES TO HOLD SPECIAL MEETING
 OF SHAREHOLDERS ON JAN. 27
 SAN DIEGO, Jan. 20 /PRNewswire/ -- Burnham Pacific Properties Inc. (BPP) (NYSE: BPP), a San Diego-based real estate investment trust (REIT), will hold a special meeting of shareholders on Monday, Jan. 27, at 10 a.m., in the Holiday Inn on the Bay, 1355 North Harbor Dr., San Diego.
 Shareholders will be asked to approve a merger agreement in which Burnham Investment Group Inc. -- a John Burnham and Co. subsidiary and current advisor to BPP -- will be merged into BPP.
 The merger will cancel the advisory contract between the two companies and formally separate management of the firms through an exchange of stock, allowing BPP to become a self-administered REIT.
 Founded in 1963 as one of the nation's first public limited partnerships, BPP converted to REIT status in 1987 and presently owns and manages 19 commercial real estate properties in San Diego, Orange and Los Angeles Counties.
 On Dec. 31, 1991, BPP paid its 103rd consecutive quarterly dividend.
 -0- 1/20/92
 /CONTACT: Nina Galloway, VP of Burnham Pacific, 619-525-2625/
 (BPP) CO: Burnham Pacific Properties ST: California IN: SU:


DM-JL -- SD001 -- 1278 01/20/92 07:32 EST
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Publication:PR Newswire
Date:Jan 20, 1992
Words:199
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