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 26, 1995
Brauvin Real Estate Fund 3
(Exact name of registrant as specified in its charter)
Delaware 0-11975 36-3290420
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
organization) Number)
150 South Wacker Drive, Suite 3200, Chicago, Illinois 60606
(Address of principal executive offices)(Zip Code)
Registrant's telephone number, including are code 312) 443-0922
Not Applicable
(Former name or former address, if changed since last report)
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Item 2.Acquisition or Disposition of Assets
On May 26, 1995, the Partnership sold the Bear Canyon II Office
Building to an unaffiliated third party for approximately $920,000.
The net sales proceeds to the Partnership was approximately
$377,000.
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Item 7. Financial Statements and Exhibits
(b)Pro Forma Financial Statements.
The pro forma information for the sale of the Bear Canyon II
Office Building is not applicable for the year ended December 31,
1994 and the three months ended March 31, 1995, corresponding to
the periods of the Partnership's annual and quarterly financial
statements most recently filed with the Securities and Exchange
Commission, due the Partnership's filing under the liquidation
basis method of accounting.
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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 thereunto duly authorized.
BY: Brauvin Realty Partners, Inc.
Corporate General Partner of
Brauvin Real Estate Fund 3
BY: /s/ Jerome J. Brault
Jerome J. Brault
President and
Chief Executive Officer
DATE: June 7, 1995
