AMRESCO Advisors, Inc. Announces Sale of West Coast Industrial Portfolio

BOSTON, MASSACHUSETTS – September 30, 1997 - AMRESCO Advisors, Inc. announced that it has successfully completed early liquidation of the AMRESCO/SARES.Regis Fund portfolio. The fund, primarily owned by 18 institutional investors, was scheduled to mature between 1999 and 2004. The portfolio totals over 3.1 million square feet of bulk industrial/service center space located in Seattle, Phoenix, Hayward and southern California regions. The purchasers were represented by The RREEF Funds.

Gary R. Schwandt, Executive Managing Director of AMRESCO Advisors, Inc. said of the portfolio sale, "The ongoing real estate recovery provided AMRESCO Advisors with the opportunity to accelerate our planned exit strategy for this fund."

AMRESCO Advisors, Inc., a Boston-based subsidiary of AMRESCO, INC. (Nasdaq: AMMB), is a registered investment advisor servicing institutional investors including pension funds, endowments, foundations and insurance companies. Product lines include equity real estate, commercial mortgages and mortgage-backed securities. Investments are geographically diversified, with focus on office, industrial and retail.

AMRESCO, INC. is a diversified financial services company providing financing and value-added services to commercial and consumer borrowers and institutional investors. The Company is headquartered in Dallas, Texas, and has offices nationwide, as well as internationally in Canada and the United Kingdom.

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