SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported) December 19, 1995
Property Resources Equity Trust
(Exact Name of Registrant as Specified in its Charter)
California 0-15880 94-3959770
State or other Commission File Number IRS Employer
jurisdiction of Identification
incorporation Number
1800 Gateway Drive, San Mateo, CA 94404
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (415)312-3000
ITEM 5: OTHER MATERIAL EVENTS.
Termination of contract to sell the Agora Office Building.
As previously reported in the Registrant's Form 10-Q for the quarterly period
ended September 30, 1995, on November 1, 1995, the Registrant entered into an
Agreement of Purchase and Sale with the intent to sell the Agora Office
Building (the "Property") to an unaffiliated third party buyer, subject to
certain contractual contingencies. On December 19, 1995, the Registrant was
informed by the prospective buyer that the buyer exercised its right to
terminate the contract. Accordingly the contract has been terminated without
further obligation to either party.
The Registrant currently intends to continue in its efforts to market the
Property for sale but no assurances can be given as to whether or when a sale
may occur.
Dated: January 9, 1996 PROPERTY RESOURCES EQUITY TRUST
BY: /s/ David P. Goss
David P. Goss
President
