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UNITED STATES
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
September 16, 1996
CAPITAL REALTY INVESTORS, LTD.
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(Exact name of registrant as specified in its charter)
District of Columbia
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(State or other jurisdiction of incorporation)
0-11149 52-1219926
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(Commission File Number) (IRS Employer Identification No.)
11200 Rockville Pike, Rockville, Maryland 20852
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(Address of principal executive offices) (Zip Code)
(301) 468-9200
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(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
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MEMORANDUM
September 16, 1996
TO: Limited Partner:
FROM: Susan T. Backman
Director-Investment Communications
RE: Capital Realty Investors Limited Partnership (CRI, Ltd.)
We have been informed that Equity Resources Bay Fund is making a tender
offer of $10 per unit to acquire interests in CRI, Ltd.
You may or may not have received this offer.
Although we take no position on whether or not you should accept the tender
offer, we strongly urge you to focus on two issues before deciding if you should
accept or reject the tender offer:
- - First, we are actively negotiating the sale of one property held by a
lower-tier partnership. If this transaction closes, limited partners would
likely receive a cash distribution within the next 30-120 days. This
distribution may be equal to or higher than the amount being tendered by
Equity Resources Bay Fund. We cannot assure you that the transaction will
close or that there will be a cash distribution. However, we can assure
you that if you tender your interests before CRI, Ltd. makes such a
distribution, you would give-up your eligibility to receive that cash
distribution.
- - Second, the sale of your interests to Equity Resources Bay Fund, or any
other party, will in most cases result in a significant tax liability. As
a result, WE URGE YOU TO CONSULT YOUR TAX ADVISOR BEFORE MAKING ANY
DECISION ON A TENDER OFFER.
If you have further questions, please feel free to call our Investment
Communications team at 301-468-3166.
cc: Due Diligence
Financial Consultants
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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, thereunto duly authorized.
CAPITAL REALTY INVESTORS, LTD.
(Registrant)
By: C.R.I., Inc.
Managing General Partner
September 17, 1996 /s/ Deborah K. Browning
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Date Deborah K. Browning
Vice President/Chief Accounting
Officer
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