EXHIBIT 23

                        CONSENT OF INDEPENDENT AUDITORS

   We consent to the reference to our firm under the caption "Experts" and to
the use of our report dated July 12, 2000, in Amendment No. 2 to the
Registration Statement (Form S-1 No. 333-36162) and related Prospectus of
VelocityHSI, Inc. for the distribution of shares of its common stock.

   We consent to the reference to our firm under the caption "Experts" and to
the use of our report dated January 18, 2000, with respect to the consolidated
financial statements of BRE Properties, Inc. included in Amendment No. 2 to the
Registration Statement (Form S-1 No. 333-36162) and related Prospectus of
VelocityHSI, Inc. for the distribution of VelocityHSI, Inc.'s common stock.

                                          /s/ Ernst & Young LLP

San Francisco, California
July 12, 2000