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
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Date of Report (Date of earliest event reported): April 28, 1995
Merry Land & Investment Company, Inc.
(Exact name of registrant as specified in its charter)
Georgia 0-10384
(State or other jurisdiction of incorporation) (Commission File Number)
58-0961876
(I.R.S. Employer I.D. Number)
624 Ellis Street, Augusta, Georgia 30901
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 706/722-6756
____________________________________________________________
(Former name or former address, if changed since last report)
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Filed: June 6, 1995
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ITEM 5. OTHER EVENTS. Merry Land & Investment Company, Inc. (the
"Company") has acquired additional apartment complexes since filing its
annual report on Form 10-K for 1994 and quarterly report on Form 10-Q for
the quarter ending March 31, 1995.
The apartment properties acquired are:
<TABLE>
<CAPTION>
Acquisition Cost
Date Acquired (In Thousands) Debt Assumed Occupancy
Name of Apartments Seller<F1> Market Location in 1995 Units <F2> (In Thousands) <F3>
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
TBCREC Residential No. 1
Club at Gwinnett Limited Partnership, Duluth, Georgia April 28 260 $10,200 $0 97%
RMS Partners Coral
Laurel Gardens at Square, a Florida Coral Springs, May 18 384 $25,475 $0 92%
Coral Square general partnership Florida
Phoenix Home Life
Mutual Insurance Ft. Myers,
Beach Club Company, a New York Florida May 26 320 $12,000 $0 96%
corporation
- ----------------------------------------------------------------------------------------------------------------------------------
<FN>
<F1> No seller is related to or affiliated with the Company.
<F2> Includes acquisition costs incurred to date.
<F3> Physical occupancy at June 1, 1995.
</TABLE>
The acquisitions were paid for with cash. The sellers were a limited
partnership, a general partnership and an insurance company unrelated to
the Company.
The cash portion of the acquisitions were funded with the proceeds of
that Registration Statement filed on Form S-3, Registration Number
33-57453. No encumbrances were placed against the acquired properties in
connection with their acquisition.
The acquisitions were made only after a detailed review of the
properties' physical conditions, anticipated capital expenditures,
occupancy rates, expenses including utility rates, maintenance, grounds,
property taxes and insurance all of which were compared to competitive
properties. The Company is not aware of any factors which would cause the
reported financial information not to be necessarily indicative of future
operating results.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. Audited financial statements
and pro forma financial statements are not required for these properties.
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Signature Blocks on Following Page
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SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Merry Land & Investment Company,
Inc.
(Registrant)
By:____________________________
Dorrie Green
As Its Vice President
