UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
EQK REALTY INVESTORS I
--------------------------------------------------------
(Name of Issuer)
No Par Value Shares of Beneficial Interest
-----------------------------------------------------------
(Title of Class of Securities)
268820107
-------------------------------------------------------
(CUSIP Number)
Fran Godbold, Manager, Investor Reporting
EQK Realty Investors I
5775 Peachtree Dunwood Rd., Atlanta, GA 30302, 404-303-6100
------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 15, 1998
----------------------------------------------------------
(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(b)(3) or
(4), check the following box .
------
Note: Six copies of this statement, including all exhibits,
should be filed with the Commission. See Rule 13d-1(a) for other parties
to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to the
subject class of securities, and for any subsequent
amendment containing information which would alter disclosures
provided in a prior cover page.
The information required on the remainder of this cover page shall
not be deemed to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934 ("Act") or otherwise subject to the
liabilities of that section of the Act but shall be subject to all
other provisions of the Act (however, see the Notes).
<PAGE>
CUSIP NO. 268820107
----------------
1) Names of Reporting Persons S.S. or IRS
Identification Nos. of Above Person ###-##-####
---------------
2) Check the Appropriate Box if a Member of a Group (See
Instructions)
(a)
--------------------------------------------------------
(b)
--------------------------------------------------------
3) SEC Use Only
----------------------------------------------
4) Source of Funds (See Instructions) PF
----------------
5) Check if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or 2(e)
----------------
6) Citizenship or Place of Organization United States
----------------
Number of (7) Sole Voting Power 847,100
Shares Bene- ----------------
ficially (8) Shared Voting Power 0
Owned by ----------------
Each (9) Sole Dispositive Power 847,100
Reporting ----------------
Person
With (10) Shared Dispositive Power 0
----------------
11) Aggregate Amount Beneficially Owned by Each
Reporting Person 847,100
----------------
12) Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
----------------
13) Percent of Class Represented by Amount
in Row (11) 9.14%
----------------
14) Type of Reporting Person (See Instructions) IN
----------------
<PAGE>
Item 1. Security and Issuer.
The class of equity securities to which this Schedule 13D
relates to the shares of beneficial interest, no par value (the
"Shares") of EQK Realty Investors I. The principal executive
offices of EQK Realty Investors I is located at 5775 Peachtree
Dunwood Rd., Atlanta, GA 30302.
Item 2. Identity and Background.
This statement is being filed by Maurice A. Halperin. My
business address is 2500 North Military Trail, Suite 225, Boca
Raton, Florida 33431. I am a private investor. During the last
five years, I have not been convicted in a criminal proceeding
(excluding traffic violations or other similar misdemeanors) and I
have not been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction which resulted in my
being subject to 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. I am a citizen of the United States.
Item 3. Source and Amount of Funds or Other Consideration.
The source of the funds for the purchase of the Shares was my
personal funds. The total amount of money used to purchase the
Shares was $1,366,988.90.
Item 4. Purpose of Transaction.
The purpose for the acquisitions of the Shares is investment.
I plan to acquire additional Shares with my personal funds for
investment.
Item 5. Interest in Securities of the Issuer.
I beneficially own 847,100 Shares or approximately 9.14
percent of the outstanding Shares. I have the sole power to vote
and dispose of the Shares. There is no shared power to vote
or dispose of the Shares I own. This report is required to be filed
because on January 15, 1998, my ownership of the Shares increased
by one percent from the amount reported on the initial Schedule 13D
which covered the period ending January 13, 1998.
During the sixty day period ending January 20, 1998, I purchased a
total of 847,100 Shares through the New York Stock Exchange in open
market transactions. The Shares were purchased on my behalf by
Raymond James & Associates, a securities broker-dealer. The table
below lists the transaction date for each transaction, number of
shares purchased, price per share and total
price.
<PAGE>
<TABLE>
<CAPTION>
Total Price
(Includes Commissions
Date of and/or Other
Purchase Amount Purchased Price Per Share Charges)
- ---------- ---------------- --------------- ------------
<S> <C> <C> <C>
12/26/97 34,000 15/16 $ 31,938.00
12/29/97 96,000 15/16 90,033.00
01/06/98 26,000 1.2764 32,938.60
01/07/98 232,000 1.4725 341,653.00
01/08/98 105,700 1.7318 183,084.26
01/09/98 100,200 1.8448 184,881.96
01/12/98 2,000 1.75 3,533.00
01/13/98 75,400 1.9397 146,286.38
01/14/98 75,000 2.0177 151,360.50
01/15/98 100,800 1.9965 201,280.20
</TABLE>
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer.
Not applicable.
Item 7. Material to be Filed as Exhibits.
None.
<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 accurate.
DATE January 21, 1998
--------------------------
/S/ Maurice A. Halperin
- --------------------------------
Signature
Maurice A. Halperin
- --------------------------------
Name and Title
The original statement shall be signed by each person on whose
behalf the statement is filed or his authorized representative. If
the statement is signed on behalf of a person by his authorized
representative (other than an executive officer or general partner
of this filing person), evidence of the representative's authority
to sign on behalf of such person shall be filed with the statement,
provided, however, that a power of attorney for this purpose which
is already on file with the Commission may be incorporated by
reference. The name and any title of each person who signs the
statement shall be typed or printed beneath his signature.
Attention: Intentional misstatements or omissions of fact
constitute Federal criminal violations (See 18 U.S.C. 1001).
