MERIDIAN POINT REALTY TRUST 83
8-K, 1998-09-29
REAL ESTATE INVESTMENT TRUSTS
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                                UNITED STATES
                      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):September 28, 1998


                       MERIDIAN POINT REALTY TRUST '83
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            (Exact name of Registrant as Specified in Its Charter)


                                  California
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                (State or Other Jurisdiction of Incorporation)


         000-12166                                   94-654723
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  Commission File Number)                (I.R.S. Employer Identification No.)


655 Montgomery Street, Suite 800, San Francisco, CA          94111
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  (Address of Principal Executive Office)                 (Zip Code)


                                  (415)981-4900
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              (Registrant's Telephone Number, Including Area Code)


- -------------------------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)

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Item 5.  Other Events

     On September 28, 1998, Meridian Point Realty Trust '83 issued the press 
release attached hereto as Exhibit 99.1 which is incorporated herein by 
reference.

Item 7.  Financial Statements and Exhibits.

                                   EXHIBITS

Exhibit 99.1   Press Release dated September 28, 1998 issued by Meridian Point
               Realty Trust '83

                                  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.

                                   MERIDIAN POINT REALTY TRUST '83

Dated: September 29, 1998                         
                                   By: /s/ Thomas J. Smith        
                                       --------------------------------------
                                        Thomas J. Smith
                                        Its: President and Chief
                                             Operating Officer


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                                                                  EXHIBIT 99.1

For Immediate Release


     Meridian Point Realty Trust '83 Announces Election of New Trustees


     San Francisco and Cleveland (September 28, 1998) -- Based on results 
announced today by Meridian Point Realty Trust '83 (NASDAQ: MPTBS), Meridian 
shareholders have overwhelmingly elected the nominees of the Meridian '83 
Shareholders' Committee for Growth (the "Meridian Committee"), which controls 
19.3% of Meridian's common stock, as the current trustees of Meridian.  
Nominees of the Meridian Committee elected by Meridian shareholders are 
Steven A. Calabrese, Mark D. Grossi, Marc C. Krantz, Richard M. Osborne and 
Thomas J. Smith.

     Based on the results, the nominees of the Meridian Committee were 
elected by more than a 3 to 1 margin and received over 76% of the votes cast. 
The vote was held on September 22, 1998 at the Company's annual shareholders 
meeting.
  
     Also, at the Meridian annual shareholders meeting, the shareholders 
defeated the plan of liquidation and dissolution proposed by the Company, 
receiving only approximately 50% of the votes needed for approval.  The 
Meridian Committee had opposed the adoption of the plan of liquidation and 
dissolution. The shareholders ratified the selection of Arthur Andersen LLP 
as independent auditors for the Company for the year ending December 31, 1998.
 
     The new Board of Trustees of Meridian elected Richard M. Osborne as 
Chairman of the Board and Chief Executive Officer, Thomas J. Smith as 
President and Chief Operating Officer and Ron Ramer as Chief Financial 
Officer and Assistant Secretary.  These officers have agreed to serve without 
salaries until a plan for converting Meridian to a perpetual-life real estate 
investment trust is submitted to shareholders.

     Richard M. Osborne, the newly-elected Chairman of the Board, stated, 
"The Meridian Committee is very pleased by the overwhelming support shown by 
the Meridian shareholders.  We will begin

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immediately to explore all available opportunities that will lead to the 
growth of our Company, and we intend to move forward as quickly as 
practicable to seek the approval of the shareholders to convert Meridian from 
a self-liquidating real estate investment trust to a perpetual-life real 
estate investment trust."
     
     Meridian is a real estate investment trust currently headquartered in 
San Francisco, California.  The newly-elected Trustees announced that the 
Company will be moving to Mentor, Ohio, where Mr. Osborne's principal 
businesses are located.   



For further information contact:
Thomas J. Smith at 1-440-974-3770


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