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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001012975-99-000005.txt : 19990112
<SEC-HEADER>0001012975-99-000005.hdr.sgml : 19990112
ACCESSION NUMBER:		0001012975-99-000005
CONFORMED SUBMISSION TYPE:	8-K/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19990111
ITEM INFORMATION:		
ITEM INFORMATION:		
FILED AS OF DATE:		19990111

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WILSHIRE REAL ESTATE INVESTMENT TRUST INC
		CENTRAL INDEX KEY:			0001048566
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				911851535
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K/A
		SEC ACT:		
		SEC FILE NUMBER:	000-23911
		FILM NUMBER:		99504049

	BUSINESS ADDRESS:	
		STREET 1:		C/O WILSHIRE FINANCIAL SERVICES GROUP IN
		STREET 2:		1776 SW MADISON STREET
		CITY:			PORTLAND
		STATE:			OR
		ZIP:			97205
		BUSINESS PHONE:		5032235600

	MAIL ADDRESS:	
		STREET 1:		C/O WILSHIRE FINANCIAL SERVICES GROUP IN
		STREET 2:		1776 SW MADISON STREET
		CITY:			PORTLAND
		STATE:			OR
		ZIP:			97205
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K/A
<SEQUENCE>1
<TEXT>


- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------


                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


             -----------------------------------------------------

                                   FORM 8-K/A

             -----------------------------------------------------


                                 CURRENT REPORT

     PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934


                                 JULY 30, 1998
                             ---------------------

                            Date of report (Date of
                            earliest event reported)


                   WILSHIRE REAL ESTATE INVESTMENT TRUST INC.
             (Exact name of registrant as specified in its charter)


       MARYLAND                  0-23911                52-2081138
- -----------------------    --------------------       ----------------

(State or other            Commission File Number     (I.R.S. Employer
jurisdiction of                                    Identification Number)
incorporation)


                     1776 SW MADISON STREET, PORTLAND, OR97205
       -----------------------------------------------------------------

               (Address of principal executive offices)(Zip Code)


                                 (503) 223-5600
               Registrant's telephone number, including area code


                                   NOT APPLICABLE

                  (Former name or former address, if changed since
                                    last report)


- -------------------------------------------------------------------------------

                                       -1-


<PAGE>


ITEM 2.  ACQUISITION OR DISPOSITION OF ASSETS.

         This Current Report on Form 8-K/A amends the Current Report on Form 8-K
filed by Wilshire Real Estate Investment Trust Inc. (the "Company") on September
29, 1998. It revises the Company's previous statements regarding the financial
statements and pro forma financial information for purchase of the loan.

         As previously reported, on July 30, 1998, the Company purchased a loan
from Credit Suisse First Boston Mortgage Capital LLC, an unaffiliated third
party, for approximately $66.0 million. The loan is secured by a first lien on
the membership interests in the limited liability company which owns the MGM
Plaza, a 1,079,076 square foot office complex comprised of six (6) class "A"
office buildings located in Santa Monica, California.


ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS.

(a)      On November 15, 1998, the Company sold the loan listed above in Item 2
         and, therefore, the applicable financial statements are no longer
         relevant or meaningful to the stockholders and have not been filed on
         this Form 8-K/A.

(b)      On November 15, 1998, the Company sold the loan listed above in Item 2
         and, therefore, the applicable pro forma financial information is no
         longer relevant or meaningful to the stockholders and has not been
         filed on this Form 8-K/A.


                                     - 2 -


<PAGE>


                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                       WILSHIRE REAL ESTATE
                                         INVESTMENT TRUST INC.


Date:  January 11, 1999          By:  /s/  Lawrence A. Mendelsohn
                                 ---------------------------
                                 Lawrence A. Mendelsohn
                                  President


                                 By: /s/ Chris Tassos
                                 ---------------------------
                                 Chris Tassos
                                  Executive Vice President and
                                  Chief Financial Officer


                                     - 3 -
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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