SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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) May 24, 1995
Preferred Properties Fund 82
(Exact Name of Registrant as Specified in Its Charter)
California
(State or Other Jurisdiction of Incorporation)
0-10878 94-2775846
(Commission File Number) (I.R.S. Employer Identification No.)
5665 Northside Drive, N.W., Atlanta, Georgia 30328
(Address of Principal Executive Offices) (Zip Code)
(404) 916-9090
(Registrant's Telephone Number, Including Area Code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Item 2. Acquisition or Disposition of Assets
On May 24, 1995, Registrant sold its interest in the joint
venture which owned the Cleveland Marriott Hotel to its joint venture
partner. Registrant received net proceeds of $6,000,000 from the
sale, which resulted in a gain of $8,500,000. Registrant held
a 65% interest in the joint venture. Registrant's only remaining
asset is a note receivable in the amount of $4,250,000 which was
issued to Registrant as partial payment of the purchase price of the
Amfac Hotel. The Note is due February 1997 and is secured by the
Amfac Hotel.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits
(b) Pro Forma Financial Information:
Registrant will file the required proforma financial information
within the prescribed time period.
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.
PREFERRED PROPERTIES FUND 82
By: Montgomery Realty Company 80,
its General Partner
By: Fox Realty Investors,
its Managing Partner
By: NPI Equity Investments II, Inc.,
its Managing partner
Date: June 6, 1995 By: /s/ Michael L. Ashner
Michael L. Ashner,
President
