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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility
Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
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- -------------------------------- OMB APPROVAL
FORM 3 OMB Number: 3235-0104
- -------------------------------- Expires: December 31, 2001
Estimated average burden
hours per response .... 0.5
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(Print or Type Responses)
1. Name and Address of Reporting Person *
KRF3 Acquisition Company, L.L.C. (1)
(Last) (First) (Middle)
One Beacon Street, Suite 1500
(Street)
Boston MA 02108
(City) (State) (Zip)
2. Date of Event Requiring Statement ( Month / Day / Year )
06/18/99
3. IRS or Social Security Number of Reporting Person (Voluntary)
04-3468669
4. Issuer Name and Ticker or Trading Symbol
Krupp Realty Fund, Ltd. - III
5. Relationship of Reporting Person to Issuer (Check all applicable)
Director 10% Owner
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Officer (give title X (2) Other
----- below) ----- (specify
below)
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6. If Amendment, Date or Original (Month/Year)
7. Individual or Join/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
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X Form filed by More than One Reporting Person
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TABLE I -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
1. Title of security 2. Amount of Securities 3. Ownership 4. Nature of Indirect
(Inst.4) Beneficially Owned Form: Direct (D) Beneficial Ownership
(Instr. 4) or Indirect (I) (Instr. 5)
(Inst. 5)
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Investor limited partnership interests of
Krupp Realty Fund, Ltd. - III 10,380 I (2)
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
* If the Form is filed by more than one reporting person, SEE instruction 5(b)(v). SEC 1473(3-99)
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Page 1 of 4
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FORM 3 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS,
CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
1. Title of Derivative Security 2. Date Exercisable and 3. Title and Amount of Securities Underlying
(Instr. 4) Expiration Date Derivative Security (Instr. 4)
(Month/Day/Year)
Amount or
Date Expiration Title Number of
Exercisable Date Shares
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4. Conversion or 5. Ownership 6. Nature of Indirect
Exercise Price of Form of Beneficial Ownership
Derivative Derivative (Instr. 5)
Security Security:
Direct (D) or
Indirect (I)
(Instr. 5)
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Explanation of Responses:
(1) See page 3 attached.
(2) As of June 18, 1999, KRF3 Acquisition Company, L.L.C. (controlled by the
persons listed on page 3) is the proxy for 41.5 percent of investor limited
partnership interests in the Issuer pursuant to Agreements of Assignment and
Transfer signed by the holders of such interests who have tendered Units in
response to an offer initiated by the Reporting Persons on May 14, 1999 and
terminated on June 18, 1999.
The filing of this statement shall not be deemed an admission that the Reporting
Persons are the beneficial owners of any securities not held directly for their
accounts for purposes of Section 16 of the Securities and Exchange Act of 1934,
as amended, or otherwise.
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, SEE Instruction 6 for procedure.
See page 4 attached June 29, 1999
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** Signature of Reporting Person Date
Page 2 of 4
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FORM 3 (CONTINUED)
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Amount of Investor
Limited Partnership Interests Nature of Indirect
Other Reporting Persons IRS/S.S. Number Beneficially Owned as of June, 1999 Ownership Form Beneficial Ownership
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KRF Company, L.L.C. 04-3468667 10,380 Indirect (2)
The Krupp Family Limited
Partnership -94 04-3223524 10,380 Indirect (2)
George Krupp 028-343379 10,380 Indirect (2)
Douglas Krupp 028-342930 10,380 Indirect (2)
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Page 3 of 4
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FORM 3 (continued)
SIGNATURES
After due inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this amendment is true, complete and correct.
Dated: June 29, 1999
KRF3 Acquisition Company, L.L.C.
By: KRF Company, L.L.C.,
its sole member
By: The Krupp Family Limited
Partnership - 94,
its sole member
By: /s/ Douglas Krupp
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Name: Douglas Krupp
Title: General Partner
KRF Company, L.L.C.
By: The Krupp Family Limited
Partnership - 94,
its sole member
By: /s/ Douglas Krupp
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Name: Douglas Krupp
Title: General Partner
The Krupp Family Limited Partnership-94
By: /s/ Douglas Krupp
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Name: Douglas Krupp
Title: General Partner
George Krupp
/s/ George Krupp
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Douglas Krupp
/s/ Douglas Krupp
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