VMS REALTY PARTNERS UNITS COMMIT TO LOANS
<VMS Realty Partners> said three of its
investment subsidiaries will fund or extend loans totalling
approximately 97 mln dlrs for various properties in California.
    The company said its its VMS Short Term Trust <VST> unit
agreed to fund or extend four loans totalling 70.9 mln dlrs.
    It also said its VMS Hotel Investment Trust <VHT> unit will
fund a 19.4 mln dlr secured loan for the Santa Barbara Hotel in
California.
    And its VMS Mortgage Investors II <VMTGZ> division approved
a loan of 6,547,000 mln dlrs for a retail office building in
downtown San Francisco, the company said.
    VMS Realty Partners is a full service real estate firm
focusing on acquiring, developing and managing hotels, office
buildings, shopping centers, highrise apartment complexes,
townhouses and garden apartments, it said.
 Reuter
