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) June 19, 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 June 19, 1995, the note receivable (the "Note") held by
Registrant which was issued to Registrant in connection with the
sale in 1992 of Registrant's Amfac Hotel property was satisfied.
The obligor under the Note prepaid the outstanding principal
balance of the Note of $4,250,000 for a discounted amount of
$4,100,000. The maturity date of the Note was February 1997. As
the Note was the only remaining asset of Registrant, the Managing
General Partner of Registrant agreed to the discounted payment in
order to reduce certain of the costs which Registrant would have
occurred in order to maintain its existence. After sufficient
reserves are established, the Managing General Partner intends to
wind up the affairs of Registrant, dissolve Registrant and
distribute any remaining proceeds (including the net proceeds
from the Note prepayment) to the partners.
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 29, 1995 By: /s/ Michael L. Ashner
Michael L. Ashner,
President
