HORSHAM, Pa., March 5 /PRNewswire/ -- David E. Creamer, president of GMAC
Commercial Mortgage Corp. (GMACCM) announced today that the company had
recently purchased the master servicing rights from Citibank, N.A., on five
commercial mortgage-backed securities.  The aggregate unpaid principal balance
transferred was $635,442,265.  This balance is made up of 143 separate
commercial mortgages for warehouses, office buildings, and multifamily,
retail, and industrial projects throughout the country.
    Creamer noted, "The complexity and coordination involved in this deal
proved to be demanding challenges, and ones that I am especially proud we were
able to meet."  The purchasing agreement required approvals from rating
agencies and trustees for each of the five commercial mortgage-backed
securities as well as loading Citibank's data for each of the 143 loans onto
GMACCM's servicing system.  An affiliate of Citibank was the underwriter on
the securities.
    Headquartered in Horsham, PA, GMACCM is a wholly owned subsidiary of GMAC
Mortgage Group, and is a national leader in commercial lending and servicing,
with $4 billion in loan originations in 1996, and a servicing portfolio at the
end of 1996 of almost $25 billion.  The company maintains 32 offices
nationwide.

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