SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report April 14, 1999
(Date of earliest event reported)
CONNECTICUT GENERAL REALTY INVESTORS III LIMITED PARTNERSHIP
(exact name of registrant as specified in its charter)
CONNECTICUT
(State or other jurisdiction of incorporation)
0-14466 06-1115374
(Commission File Number) (IRS Employer Identification Number)
900 Cottage Grove Road, South Building
Bloomfield, Connecticut 06002
(Address of principal executive offices) (Zip Code)
(860) 726-6000
(Registrant's telephone number, including area code)
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Connecticut General Realty Investors III Limited Partnership
(a Connecticut limited partnership)
ITEM 2. Acquisition or Disposition of Assets
On April 14, 1999, the Partnership completed the sale of its investment in the
Waterford Apartments to Case Ventures, Inc., an Oklahoma Corporation for a gross
sales price of $14,675,000. The purchaser assumed the bond financing of
$11,355,000 as part of the sale. The property had a depreciated cost of
approximately $9,550,000 as of the date of sale. After deducting closing costs,
the Partnership expects to record a gain of approximately $4,850,000.
ITEM 7(C). Exhibits
10(a) Agreement of Purchase and Sale dated March 8, 1999
between Waterford Partnership and Case Ventures,
Inc., an Oklahoma Corporation incorporated by
reference to Exhibit 10(bb) to Registrant's Annual
Report on Form 10-K for the fiscal year ended
December 31, 1998.
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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.
CONNECTICUT GENERAL REALTY INVESTORS III
LIMITED PARTNERSHIP
By: CIGNA Realty Resources, Inc. - Fifth
General Partner
Date: April 27, 1999 By: /s/ John D. Carey
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John D. Carey, President
(Principal Executive Officer)
Date: April 27, 1999 By: /s/ Josephine C. Donofrio
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Josephine C. Donofrio, Controller
(Principal Accounting Officer)
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