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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
September 16, 1996
CAPITAL REALTY INVESTORS-IV LIMITED PARTNERSHIP
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(Exact name of registrant as specified in its charter)
Maryland
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(State or other jurisdiction of incorporation)
0-13523 52-1328767
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(Commission File Number) (IRS Employer Identification No.)
11200 Rockville Pike, Rockville, Maryland 20852
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(Address of principal executive offices) (Zip Code)
(301) 468-9200
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(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
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MEMORANDUM
September 16, 1996
TO: Limited Partner:
FROM: Susan T. Backman
Director-Investment Communications
RE: Capital Realty Investors-IV Limited Partnership (CRI-IV)
We have been informed that Equity Resources Bay Fund is making a tender
offer of $20 per unit to acquire interests in CRI-IV
You may or may not have received this offer.
Although we take no position on whether or not you should accept the tender
offer, we strongly urge you to focus on two issues before deciding if you should
accept or reject the tender offer:
- - First, you could forfeit cash distributions by accepting the tender offer
now. We have already sold three properties this year held by CRI-IV's
lower-tier partnerships and are currently negotiating to sell three more
properties. We expect to distribute cash proceeds within 30-120 days.
Should the currently negotiated sales occur, the distribution may be equal
to or higher than the amount being tendered by Equity Resources Bay Fund.
If you tender your interests now, you will give-up your eligibility to
receive these distributions.
We cannot assure you that these additional transactions will close or that
they will result in cash distributions. However, we can assure you that if
you tender your interests now, you would give-up your eligibility to
receive such cash distributions.
- - Second, the sale of your interests to Equity Resources Bay Fund, or any
other party, will in most cases result in a significant tax liability. As
a result, WE URGE YOU TO CONSULT YOUR TAX ADVISOR BEFORE MAKING ANY
DECISION ON A TENDER OFFER.
If you have further questions, please feel free to call our Investment
Communications team at 301-468-3166.
cc: Due Diligence
Financial Consultant
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SIGNATURE
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.
Capital Realty Investors-IV Limited
Partnership
(Registrant)
By: C.R.I., Inc., General Partner
September 17, 1996 /s/ Deborah K. Browning
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Date Deborah K. Browning
Vice President/Chief Accounting
Officer
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