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) November 27, 1996
HUTTON/CONAM REALTY INVESTORS 81
(Exact name of registrant as specified in its charter)
California 0-10223 13-3069026
State or other jurisdiction Commission IRS Employer
of incorporation File Number Identification No.
3 World Financial Center, 29th Floor
New York, NY Attn.: Andre Anderson 10285
Address of principal executive offices Zip Code
Registrant's telephone number, including area code (212) 526-3237
Item 2. Disposition of Assets:
On November 27, 1996, Hutton/ConAm Realty Investors 81 (the
"Partnership") closed on the sale of Ridge Park (the "Property").
Ridge Park sold for $3,385,000 to Ridge Park Limited Partnership,
an Oklahoma limited partnership (the "Buyer"), which is
unaffiliated with the Partnership. The selling price was
determined by arm's length negotiations between the Partnership
and the Buyer. The transaction resulted in a gain on sale for
Ridge Park of approximately $1,400,000, which will be reflected
in the Partnership's consolidated statement of operations for the
period ending December 31, 1996. The General Partners will be
declaring a special distribution from the sales proceeds.
Item 7. Financial Statements and Exhibits:
(a) Financial statement of businesses acquired.
Not applicable
(b) Pro forma financial information.
The Partnership is currently unable to provide
complete proforma financial information required
as a result of the above transaction. This
financial information will be included in the
Partnership's Form 10-K which will be filed as
soon as practicable.
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.
HUTTON/CONAM REALTY INVESTORS 81
Registrant
By: RI 81 REAL ESTATE SERVICES, INC.
General Partner
Date: December 12, 1996 By: /s/ Paul L. Abbott
Director, President, Chief Executive
Officer and Chief Financial Officer
