EXHIBIT (23)(d)

                          INDEPENDENT AUDITORS' CONSENT


We hereby consent to the use in this Registration  Statement on Form SB-2 of our
report  dated  September  22,  1997,  relating  to  the  consolidated  financial
statements of Gateway American Properties, LLC and subsidiaries,  and our report
dated  August  28,  1997,  related  to the  balance  sheet of  Gateway  American
Properties  Corporation  (a Colorado  corporation),  and to the reference to our
Firm under the caption "Experts'" in the Prospectus.


/s/ Gelfond Hochstadt Pangburn & Co.
GELFOND HOCHSTADT PANGBURN & CO.



Denver, Colorado
October 13, 1997