SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) December 2, 1998
(December 1, 1998)
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Wellsford Real Properties, Inc.
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(Exact name of registrant as specified in its charter)
1-12917 13-3926898
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(Commission File Number) (IRS Employer Identification No.)
Maryland
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(State or other jurisdiction of incorporation)
610 Fifth Avenue, New York, New York 10020
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(Address of principal executive offices)
(Zip Code)
(212) 333-2300
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(Registrant's telephone number, including area code)<PAGE>
Item 5. Other Events
On December 1, 1998, Richard S. Frary became a member of the Board of
Directors of Wellsford Real Properties, Inc. (AMEX: "WRP").
Item 7. Financial Statements, Proforma Financial Information and Exhibits
(a) Financial Statements
None.
(b) Pro Forma Financial Information
None.
(c) Exhibits
99.1 Press release, dated November 30, 1998, announcing the
appointment of Richard S. Frary to WRP's Board of Directors.
<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.
Wellsford Real Properties, Inc.
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(Registrant)
Date December 2, 1998 By: /s/ Gregory F. Hughes
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Gregory F. Hughes
Chief Financial Officer
WELLSFORD REAL PROPERTIES, INC.
610 Fifth Avenue
New York, New York 10020
(212) 333-2300 Fax: (212) 333-2323
FOR IMMEDIATE RELEASE:
WELLSFORD REAL PROPERTIES, INC.
ADDS NEW DIRECTOR
NEW YORK, November 30, 1998 - Wellsford Real Properties, Inc. (AMEX:
"WRP") announced today that Richard S. Frary will join its Board of
Directors effective December 1, 1998.
Mr. Frary, age 51, is the founding partner of Tallwood Associates, a
private real estate firm engaged in real estate acquisitions, management
and development. He also serves as a director of Washington Homes, Inc.
and CGA Group, Ltd. From 1995 to 1998, he served as a trustee of Value
Property Trust ("VPT"). WRP acquired VPT in 1998 for $170 million.
Mr. Jeffrey H. Lynford, Chairman of WRP, stated, "Richard has valuable real
estate knowledge as a result of his 25 years in the industry. Also, he has
the reputation of being a thoughtful, experienced real estate professional,
and therefore he will be a strong addition to our Board. After we
negotiated VPT, we decided that we wanted him on our team."
Wellsford Real Properties, Inc. is a real estate merchant banking firm
headquartered in New York City, which acquires, develops, finances and
operates real properties and organizes and invests in private and public
real estate companies.
Press Contact: Jeffrey H. Lynford
Chairman
Wellsford Real Properties, Inc.
(212) 333-2300
