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: January 14, 1999
LDP-III
(Exact name of registrant as specified in its charter)
California 0-13559 94-2911983
(State or other (Commission File No.) (I.R.S. Employer
jurisdiction of Identification No.)
incorporation)
P.O. Box 130, Carbondale, Colorado 81623
(Address of principal executive offices)
(970) 963-8007
(Registrant's telephone number, including area code)
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ITEM 1. CHANGES IN CONTROL OF REGISTRANT
Not Applicable
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On December 31, 1998, the registrant sold the last of its real
property investments known as Jefferson Place Office Building,
located in Boise, Idaho.
The buyer, Jackson Food Stores, is not affiliated with the
registrant. The sale price received by the registrant was
$4,405,000 which resulted in a gain of $1,065,055 and cash
proceeds of $1,732,642.
Jefferson Place was the final operating property owned by LDP-
III. The Partnership intends to wind up and dissolve its
operations as of December 31, 1998, the date of the sale of
the Partnership's remaining property. Immediately subsequent
to the sale of this property, the Partnership had no "Ongoing
Operations" to report. Therefore, the presentation of Pro
Forma Financial Statements to report the ongoing operations of
the Partnership, excluding the property sold, are inapplicable
under the circumstances.
The Partnership has declared a Cash Distribution of $30 per
unit to unit holders of record as of December 31, 1998. This
distribution represents a partial distribution of the remaining
funds of Partnership. Funds not needed for winding up and
dissolving the Partnership will be distributed to the Limited
Partner Unit Holders along with their final tax form K-1 on or
before March 15, 1999, after which time the Partnerhsip shall
be considered dissolved.
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
Not Applicable
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS
Not Applicable
ITEM 5. OTHER EVENTS
Not Applicable
ITEM 6. RESIGNATION OF REGISTRANT'S DIRECTORS
Not Applicable
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) Financial statements of business acquired
Not Applicable
(b) Pro Forma Financial Statements
Not Applicable
(c) Exhibits
Not Applicable
ITEM 8. CHANGE IN FISCAL YEAR
Not Applicable
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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.
Date: January 14, 1999 LDP-III
By: /s/ Gregory L. Mohl
Controller
Landsing Equities Corporation
Managing General Partner
