
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: THURSDAY, March 7, 1991                   TAG: 9103070112
SECTION: BUSINESS                    PAGE: A-9   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

BRANDON ASSOCIATES FILES FOR PROTECTION

Brandon Associates Inc., a Virginia limited partnership that owns the Brandon Ridge Apartments in Roanoke, has filed for Chapter 11 reorganization under protection of bankruptcy laws.

The filing in Western District U.S. Bankruptcy Court blocks a foreclosure sale that had been scheduled for Friday by William H. Price of Blacksburg, holder of a $1.5 million second mortgage against the property.

The 120-unit apartment complex was bought in 1980 by Brandon Associates, headed by Peter Morris of Chicago. Morris is the founder of VMS Realty Partners.

A creditors meeting is scheduled for April 5. - Staff report

by CNB