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) December
30,1997
CONAM REALTY INVESTORS 4 L.P.
formerly known as HUTTON/CONAM
REALTY INVESTORS 4
(Exact name of registrant as specified in its
charter)
California 0-13329 11-2685746
State or other jurisdiction Commission IRS
Employer
of incorporation File Number Identification
No.
1764 San Diego Avenue
San Diego, CA 92110 Attn.: Robert J. Svatos 92110-1906
Address of principal executive offices Zip Code
Registrant's telephone number, including area code (619) 297-6771
Item 2. Disposition of Assets:
On December 30, 1997, ConAm Realty Investors 4 (the
"Partnership") closed on the sale of Pelican Landing (the
"Property"). The Property sold for gross proceeds of approximately
$13,400,000 to Pelican Landing Holdings Company L.L.C. (the "Buyer"),
which is unaffiliated with the Partnership. The selling price was
determined by arm's length negotiations between the Partnership and the
Buyer. The transaction resulted in a gain on sale of approximately $5.2
million, which will be reflected in the Partnership's statement of
operations for the period ending December 31, 1997.
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.
CONAM PROPERTY SERVICES IV, LTD
General Partner of ConAm Realty
Investors 4 L.P.
BY: CONTINENTAL AMERICAN
DEVELOPMENT,INC. General Partner
Date: January 14, 1998 BY: /s/ Daniel J. Epstein
Daniel J. Epstein
Director, President, and
Principal Executive
Officer
Date: January 14, 1998 BY: /s/ Robert J. Svatos
Robert J. Svatos
Chief Financial Officer
