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) July 13, 1995
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DVL, INC.
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(Exact name of registrant as specified in charter)
Delaware 1-8356 13-2892858
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(State or other Jurisdiction (Commission (IRS
employer
of incorporation file number)
identification no.)
24 River Road, Bogota, New Jersey 07603
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(Address of principal executive offices)
Registrant's telephone number, including area code 201-487-1300
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Not applicable
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(Former name or former address, if changed since last report)
Item 5. Other Events
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(a) On July 13, 1995, DVL, Inc. ("DVL") was informed by
U.S. Realty Advisors, Inc. ("USRA") that USRA has determined to not
proceed under the May 17, 1995 Letter of Intent to make secured
advances to DVL of up to $10,000,000 for the purpose of acquiring
and repaying certain existing indebtedness of DVL.
DVL has asked its investment banker to reopen negotiations
with other parties who previously expressed an interest in entering
into a transaction with DVL, as well as additional parties who
advised DVL they would like the opportunity to discuss a
transaction with DVL if DVL did not close under the letter of
intent with USRA.
(b) Exhibits
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Press Release, dated July 17, 1995.
SIGNATURE
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.
DVL, INC.
By: Alan E. Casnoff
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Dated: July 21, 1995 Alan E. Casnoff
President
DVL, INC.
PRESS RELEASE
JULY 17, 1995
DVL, Inc. ("DVL") announced today that U.S. Realty Advisors,
Inc. ("USRA") has informed DVL that USRA has determined to not
proceed under the May 17, 1995 Letter of Intent.
DVL has asked its investment banker, Tallwood Associates,
Inc., to reopen negotiations with the other parties who
previously expressed an interest in entering into a transaction
with DVL.
DVL continues to reduce overhead while focusing on its core
business of managing, administering and servicing its existing
real estate properties and partnerships.
DVL is a Bogota, NJ based real estate company whose common
stock is listed on the New York Stock Exchange.
