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) October 26, 1998
Real Estate Associates Limited III
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(Exact Name of Registrant as Specified in its Charter)
California 000-10673 95-3547611
(State or Other (Commission (I.R.S. Employer
Jurisdiction of File Number) Identification
incorporation) No.)
9090 Wilshire Boulevard, Beverly Hills, California 90211
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(Address of Principal Executive Offices) (Zip Code)
(Registrant's Telephone Number, Including Area Code) (310) 278-2191
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(Former Name or Former Address, If Changed Since Last Report.)
766782.2
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ITEM 5. Other Events.
Real Estate Associates Limited III, a California limited partnership
(the "Registrant"), is filing this Current Report on Form 8-K in connection with
issuance of a press release on October 26, 1998 regarding the approval by a
majority-in-interest of the limited partners of the Registrant to the sale of
certain properties and the termination of the consent solicitation period
regarding the sale.
ITEM 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits.
Exhibit Description
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1 Press Release, dated October 26, 1998.
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2
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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.
REAL ESTATE ASSOCIATES LIMITED III,
a California Limited Partnership
By: NATIONAL PARTNERSHIP INVESTMENT
CORP., a California Corporation,
a General Partner
By: /s/ Henry C. Casden
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Name: Henry C. Casden
Title: Senior Executive Vice President
Date: October 26, 1998
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EXHIBIT INDEX Exhibit 1
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766782.2
4
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NATIONAL PARTNERSHIP INVESTMENTS CORP.
9090 WILSHIRE BOULEVARD, #201
BEVERLY HILLS, CA 90211
FOR IMMEDIATE RELEASE
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Contact:
Pat Toy
National Partnership Investments
(800) 666-6274
Ellen A. Gulczynski
MacKenzie Partners, Inc.
(212) 929-5500
NATIONAL PARTNERSHIP INVESTMENTS CORP. ANNOUNCES APPROVAL OF
PROPOSED SALES AND TERMINATION OF SOLICITATION PERIOD BY EIGHT
LIMITED PARTNERSHIPS
Beverly Hills, California - October 26, 1998 - National Partnership
Investments Corp. managing general partner of certain real estate limited
partnerships, announced today that it had obtained consent of a
majority-in-interest of the limited partners of the following partnerships (the
"Partnerships") to the proposed sales of certain of the Partnerships'
properties:
Real Estate Associates Limited
Real Estate Associates Limited II
Real Estate Associates Limited III
Real Estate Associates Limited IV
Real Estate Associates Limited V
Real Estate Associates Limited VI
Real Estate Associates Limited VII
Housing Programs Limited
As described in the consent solicitation materials previously distributed to the
limited partners of the Partnerships, each Partnership's proposed sale was
conditioned upon the prior approval of a majority-in-interest of such
Partnership's limited partners. Because the required consents have been
obtained, the managing general partner has terminated the solicitation periods
for each of the Partnerships.
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