_________________________________________________________________
_________________________________________________________________
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
April 28, 1997
__________________________
Date of report (Date of earliest
event reported)
CV Reit, Inc.
(Exact name of registrant as
specified in its charter)
Delaware 1-8073 59-0950354
________________ ______________________ ____________________
(State or other Commission File Number (I.R.S. Employer
jurisdiction of Identification
incorporation Number)
100 Century Boulevard, West Palm Beach,
Florida 33417
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(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including
area code (407) 640-3155
_____________________________________
(Former name or former address,
if changed since last report)
_________________________________________________________________
_________________________________________________________________
Item 5. Other Events.
On April 28, 1997, the Registrant issued the press release
annexed hereto as an exhibit and incorporated herein by
reference.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
Exhibit 1 - Press Release, dated April 28, 1997, issued by
CV Reit, Inc.
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.
CV REIT, INC.
Date: May 6, 1997 By:/s/Elaine Kahant
Elaine Kahant
Vice President and Treasurer
EXHIBIT INDEX
Press Release, dated April 28, 1997, of CV Reit, Inc.
CV REIT, INC. NEWS
_________________________________________________________________
_________________________________________________________________
100 Century Blvd.
West Palm Beach, FL 33417
Listed as CVI on
New York Stock Exchange
(561) 640-3155
FAX (561) 640-3160
COMPANY H. Irwin Levy
CONTACT: (561) 640-3100
FOR IMMEDIATE RELEASE
CV REIT ANNOUNCES AGREEMENT TO ACQUIRE SHOPPING CENTERS
WEST PALM BEACH, FL, April 28 -- CV Reit (NYSE: CVI), a
real estate investment trust, reported today it has entered into
a contract to acquire 22 strip shopping centers valued at
approximately $110 million. The company entered into the
previously announced agreement with several private owners and
entities for the acquisition of a commercial real estate
management company, corporate offices and up to 22 strip shopping
centers located primarily in eastern Pennsylvania and southern
New Jersey. The agreement provides for a 45 day due-diligence
period and is subject to shareholder approval. The transaction
is projected to be completed in Sept. 1997.
H. Irwin Levy, president of Hilcoast Development Corp., the
financial advisor to CV Reit, explained that the transaction
contemplates the formation of a limited partnership with CV Reit
as the general partner. The company will either issue stock or
partnership units in exchange for interests in real estate. The
principal of the acquired management company will be responsible
for management of the commercial properties.
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1997
