SECURITIES AS EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of l934
Date of Report (Date of earliest event reported) February 5, l997
Investment Properties Associates
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(Exact name of registrant as specified in its charter)
New York 0-5537 13-2647723
(State or other jurisdiction (Commission (IRS Employer
of incorporation File Number) Identification No. )
60 East 45nd Street, New York, New York 10165
(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code (212) 687-6400
(Former name or former address, if changed since last report)
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Item 5. Other Events.
See the attached Press Release of Registrant dated February 5, l997.
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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.
INVESTMENT PROPERTIES ASSOCIATES
BY /s/ Irving Schneider
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Irving Schneider, General Partner
Date February 10, 1997
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Exhibit Index
Item Exhibit No
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Press Release of Registrant, dated February 5, 1997 99
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FOR IMMEDIATE RELEASE
Investment Properties Associates
To Consider Sale of Properties
New York, New York, February 5, 1997 ...Investment Properties Associates
announced today that it was offering its commercial properties for sale. No
offering price for the properties was specified. A spokesman for IPA said that
the General Partners had determined to test the current market for the
properties and that, if indications warranted, a sale of one or more of the such
properties could result. The spokesman said that there could be no assurances
that any offers for the properties would be received or that, if received, that
they would be accepted by IPA.
Investment Properties Associates is a limited partnership that owns and
operates approximately 4.9 million square feet of commercial space in 14
properties located in New York, New Jersey, Illinois and Texas. The spokesman
also indicated that inquiries should be limited to principals that have the
capacity to administer a portfolio of this size.
CONTACT: Irving Schneider - (212)880-0160
General Partner, IPA
Executive V.P., Helmsley-Spear, Inc., Agent
Robert Hecht - (212)880-0276
C.F.O., IPA
V.P., Finance, Helmsley-Spear, Inc., Agent
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