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 (Date of earliest event reported) October 5, 1995
MRI Business Properties Fund, Ltd. II
(Exact Name of Registrant as Specified in Its Charter)
California
(State or Other Jurisdiction of Incorporation)
0-14177 94-2935565
(Commission File Number) (I.R.S. Employer Identification No.)
5665 Northside Drive, N.W., Atlanta, Georgia 30328
(Address of Principal Executive Offices) (Zip Code)
(404) 916-9090
(Registrant's Telephone Number, Including Area Code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Item 2. Acquisition or Disposition of Assets
On October 5, 1995, Registrant sold its Somerset Marriott
Hotel located in Somerset, New Jersey to Equistar Somerset
Company, LLC, an unaffiliated entity, for $24,950,000. After
satisfying the existing mortgages and paying closing costs, net
proceeds to Registrant were approximately $2,575,000. The sale
resulted in a gain of approximately $1,000,000. In addition,
after a final accounting is performed by the management company
additional amounts may be payable to Registrant. Registrant
intends to distribute the net proceeds from the sale to its
partners pursuant to the terms of the Partnership Agreement
during the first quarter of fiscal 1996.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits
(b) Pro Forma Financial Information:
The required pro forma financial information will be
provided in Registrant's Annual Report on Form 10-K for the fiscal
year ended September 30, 1995.
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.
MRI BUSINESS PROPERTIES FUND, LTD. II
By: Montgomery Realty Company 84,
its General Partner
By: Fox Realty Investors,
its Managing Partner
By: NPI Equity Investments
II, Inc.,
its Managing partner
Date: October 12, 1995 By: /s/ Michael L. Ashner
Michael L. Ashner,
President
