SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
Under the Securities Exchange Act of 1934
REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP III
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(Name of Issuer)
UNITS OF LIMITED PARTNERSHIP INTEREST
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(Title of Class of Securities)
755912201
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(CUSIP Number)
J. M. JAYSON & COMPANY, INC.
2350 NORTH FOREST ROAD
GETZVILLE, NY 14068
(716) 636-9090
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
JANUARY 11, 2001 (EFFECTIVE JANUARY 1, 2001)
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(Date of Event, which Requires Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the subject of this Schedule
13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g),
check the following box [ ].
(Continued on following pages)
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C> <C>
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CUSIP No. 755912201
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
J. M. JAYSON & COMPANY, INC. (16-0953999)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
N/A
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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NUMBER OF 7 SOLE VOTING POWER
SHARES 837.2 units of limited partnership interest (5.25%)**
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0 units of limited partnership interest
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 837.2 units of limited partnership interest (5.25%)**
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PERSON 10 SHARED DISPOSITIVE POWER
WITH 0 units of limited partnership interest
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
816.2 units of limited partnership interest (5.25%) **
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.25%
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14 TYPE OF REPORTING PERSON*
CO.
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</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
** Joseph M. Jayson is the beneficial owner of J. M. Jayson & Company, Inc.
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<PAGE>
This Schedule 13D is being filed on behalf of J. M.
Jayson & Company, Inc., a New York corporation with respect to the
purchase of Units of Limited Partnership Interest ("Units"), of
Realmark Property Investors Limited Partnership III, a Delaware limited
partnership. ("RPILP III").
Item 1. Security and Issuer.
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This statement relates to the RPILP III Units. The principal
offices of RPILP III are located at 2350 North Forest Road Suite 12A,
Getzville, New York 14068.
Item 2. Identity and Background.
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(a) This statement is filed by J. M. Jayson & Company,
Inc.("JMJ"). Also listed herein is the beneficial
owner of JMJ, Mr. Joseph M. Jayson ("Jayson"), sole
shareholder, director, and executive officer of JMJ.
(b) The business address of JMJ and Jayson is 2350 North
Forest Road, Suite 12A, Getzville, NY 14068.
(c) The present principal business of JMJ is investing in
real estate related transactions, including owning
and operating real estate. Jayson's principal
occupation is operating JMJ and other real estate
companies as their chief executive officer and he is
also involved in investments in oil and gas
development.
(d) During the past five years, neither JMJ nor Jayson
has been convicted in a criminal proceeding
(excluding traffic violations or similar
misdemeanors).
(e) During the last five years, neither JMJ nor Jayson
was a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction which
resulted in a judgment, decree or final order
enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state
securities laws or finding any violation with respect
to such laws.
(f) Jayson is a citizen of the United States of America
and a New York resident. JMJ was organized under the
laws of the state of New York and is in good
standing.
Item 3. Source and Amount of Funds or Other Consideration.
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The source of funds for all of the transactions is
current working capital of JMJ.
Item 4. Purpose of Transaction.
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The purpose of this transaction is solely for the investment
value associated with the Units.
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<PAGE>
Neither JMJ nor Jayson have any plans or proposals that relate
to or would result in any changes in RPILP III.
Item 5. Interest in Securities of the Issuer.
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(a) As of October 1, 2000, the effective date for the
transfer of Units, JMJ is the registered holder of
816.2 Units, which is 5.25% of the total units in
RPILP III. Jayson's wife, Judith P Jayson holds 21
units of RPILP III.
(b) Jayson may be deemed to own beneficially all limited
partnership Units owned by JMJ by virtue of his
ownership of 100% of the outstanding voting shares of
JMJ.
Jayson has the sole power to vote or dispose of 816.2
Units (5.25%) owned by JMJ. Mr. Jayson disclaims the
right to vote or dispose of the 21 Units owned by
Mrs. Jayson.
(c) Other than described below, there have not been any
transactions with respect to RPILP III's Units within
60 days prior to the date of this Schedule 13D by any
of the Reporting Persons referred to herein or at any
other time thereafter.
The transaction that has resulted in the filing of
this Schedule 13D is the purchase of 115.9 units from
various investors wishing to sell their units for
$200.00 per unit. The assignment was executed on
January 1, 2001 and becomes effective on January 1,
2001.
(d) No other person is known to have the right to
receive, or the power to direct the receipt of,
dividends from or the proceeds from the sale of such
Units.
(e) Not applicable
Item 6. Contracts, Arrangements, Understandings or
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Relationships with Respect to Securities of
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the Issuer.
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As of the date hereof, there are no contracts, arrangements,
understandings or relationships (legal or otherwise) among JMJ and
Jayson or between JMJ, Jayson, and any other person with respect to any
Units of RPILP III, except as disclosed above.
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<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
January 11, 2001
/s/ Mr. Joseph M. Jayson
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Mr. Joseph M. Jayson
J. M. Jayson & Company, Inc.
By: /s/ Joseph M. Jayson
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Name: Joseph M. Jayson
Title: President and Director
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