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 (Date of earliest event reported)
December 10, 1996
HUTTON/CONAM REALTY INVESTORS 5
(Exact name of registrant as specified in its charter)
California 0-014341 11-2712111
State or other jurisdiction Commission IRS Employer
of incorporation File Number Identification No.
3 World Financial Center, 29th Floor
New York, NY Attn.: Andre Anderson 10285
Address of principal executive offices Zip Code
Registrant's telephone number, including area code (212) 526-3237
Item 2. Disposition of Assets:
On December 10, 1996, Hutton/ConAm Realty Investors 5 ( the
"Partnership") closed on the sale of Canterbury Park (the "Property").
Canterbury Park sold for an adjusted sales price of $6,387,300 to Burcam
Capital I L.L.C., a North Carolina limited liability company (the "Buyer"),
which is unaffiliated with the Partnership. The selling price was
determined by arm's length negotiations between the Partnership and the
Buyer. The transaction resulted in a gain on sale for Canterbury Park of
approximately $2,600,000, which will be reflected in the Partnership's
consolidated statement of operations for the period ending February 28, 1997.
The General Partners will be declaring a special distribution from the sales
proceeds.
Item 7. Financial Statements and Exhibits:
(a) Financial statement of businesses acquired.
Not applicable.
(b) Pro forma financial information.
The Partnership is currently unable to provide
complete proforma financial information required
as a result of the above transaction. This
financial information will be disclosed in the
Partnership's Form 10-K which will be filed as
soon as practicable.
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.
HUTTON/CONAM REALTY INVESTORS 5
Registrant
By: RI 5 REAL ESTATE SERVICES, INC.
General Partner
Date: December 24, 1996 By: /s/ Paul L. Abbott
Director, President, Chief Executive
Officer and Chief Financial Officer
