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 (Date of earliest event reported): May 3, 1996
MERIDIAN POINT REALTY TRUST '83
__________________________________________________________________________
(Exact name of registrant as specified in its charter)
California 1-12166 94-6542723
__________________ ___________________ _____________________
(State of (Commission File (I.R.S. Employer
organization Number) Identification Number)
655 Montgomery Street, Suite 800
San Francisco, California 94111
_______________________________________ __________
(Address of principal executive offices) (Zip Code)
(415) 981-4900
__________________________________________________________________________
(Registrant's telephone number, including area code)
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Item 5. Other Events.
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Meridian Point Realty Trust '83, a California business trust (the
"Company"), has announced that, effective May 3, 1996, the Board of
Trustees of the Company adopted resolutions modifying certain limitations
in the Company's Declaration of Trust (the "Declaration") on the amount of
the Company's shares of beneficial interest ("Shares") that can be owned by
any one person. As modified, these limitations now provide that any person
may own as much as, but not in excess of, 9.8% of the lesser of the number
or value of any class or series of outstanding Shares. No Shares shall be
transferred (or issued, for example, upon the exercise of warrants or
rights) to any person if, after such transfer, such person's direct or
indirect ownership of Shares would exceed this 9.8% limit. For this
purpose, ownership of Shares is computed in accordance with Section 542(a)
and 544 of the Internal Revenue Code (the "Code").
The Declaration includes limitations on the ownership of Shares by any
one person to help the Company meet certain requirements imposed under the
Code in order to maintain its status as a "real estate investment trust"
("REIT"). Previously, at the annual meeting of shareholders of the Company
held on February 10, 1995, the Company's shareholders had approved
amendments to the Declaration reducing the limit on the amount of Shares
that can be owned by any one person to 3.6% of the lesser of the number of
value of any class or series of outstanding Shares. The principal purpose
of these 1995 amendments was to facilitate an investment in Shares by Hunt
Realty Acquisitions, L.P. That investment, however, never materialized.
Accordingly, the Board of Trustees determined that it was in the best
interests of the Company and its shareholders to increase the percentage
ownership limit. Under the Declaration, the Board has the authority to
modify the ownership interest limits, including the power to reduce the
ownership limits or terminate the limits if the Board determines that it is
no longer in the interests of the Company to qualify as a REIT or that
compliance with the ownership limits and restrictions on transfer is no
longer required in order for the Company to qualify as a REIT.
<PAGE>
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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(c) Exhibits
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10.1 Press release of the Company dated July 12, 1996.
MERIDIAN POINT REALTY TRUST '83
NEWS RELEASE
===========================================================================
For Release: Immediately (NASDAQ: MPTBS)
Date: July 12, 1996
Contact: John E. Castello
(415) 981-4900
MERIDIAN POINT REALTY TRUST '83 ANNOUNCES INCREASE
IN OWNERSHIP LIMITS ON THE COMPANY SHARES TO 9.8%
SAN FRANCISCO - Meridian Point Realty Trust '83 (NASDAQ: MPTBS) today
announced that certain limitations in the Company's Declaration of Trust on
the amount of the Company's shares of beneficial interest ("Shares") that
can be owned by any one person have been increased from 3.6% to 9.8%.
As modified, these ownership limitations now provide that any person
may own as much as, but not in excess of, 9.8% of the lesser of the number
or value of any class or series of outstanding Shares. No Shares shall be
transferred (or issued, for example, upon the exercise of warrants or
rights) to any person if, after such transfer, such person's direct or
indirect ownership of Shares would exceed this 9.8% limit.
The Declaration of Trust includes limitations on the ownership of
Shares by any one person to help the Company meet certain requirements
imposed under the Internal Revenue Code in order to maintain its status as
a "real estate investment trust" ("REIT"). In 1995, the Company's
shareholders had approved amendments to the Declaration reducing the limit
on the amount of Shares that can be owned by any one person to 3.6% of the
lesser of the number or value of any class or series of outstanding Shares.
The principal purpose of these 1995 amendments was to facilitate an
investment in Shares by Hunt Realty Acquisitions, L.P. That investment,
however, never materialized.
Accordingly, the Board of Trustees determined that it was in the best
interests of the Company and its shareholders to increase the percentage
ownership limit to 9.8%. This modification is effective May 3, 1996.
(END)
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has duly caused this Current Report to be signed on
its behalf by the undersigned hereunto duly authorized.
Meridian Point Realty Trust '83
Date: July 12, 1996 BY: /s/ John E. Castello
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John E. Castello, Senior Vice
President and Chief Financial Officer
