RANCON REALTY FUND V
8-K, 2000-11-15
REAL ESTATE
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                       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)November 15,2000(November 1,2000)
                                               ---------------------------------


                              RANCON REALTY FUND V,
                        A CALIFORNIA LIMITED PARTNERSHIP
                 -----------------------------------------------
             (Exact name of registrant as specified in its charter)


         California                     0-16467                33-0098488
     --------------------          -----------------       --------------------
        (State or other             (Commission               (IRS Employer
        jurisdiction of              File Number)        Identification Number)
        incorporation)


        400 South El Camino Real, Suite 1100, San Mateo, California 94402
        -----------------------------------------------------------------
                    (Address of principal executive offices)

Registrant's Telephone number, including area code:   (650) 343-9300
                                                      --------------
















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<PAGE>

Item 5.           Other Events

Rancon Realty Fund V, a California Limited  Partnership (the  "Partnership") has
commenced  an offer  for the  redemption  of  certain  of its  units of  limited
partnership  interest.  The Partnership is offering to redeem at a price of $284
per Unit  those of its Units  held by each  investor  who owns no more than four
Units in total under any single registered title (the "Small  Investments").  As
of  September  30,  2000,  there were an aggregate of 16,998 Units held in Small
Investments by 6,415 investors.

The Units subject to the Partnership's  offer represent  approximately  17.6% of
the Units  outstanding  as of September  30, 2000.  The general  partners of the
Partnership and their  affiliates in the aggregate own 103 Units,  none of which
will be repurchased pursuant to the Partnership's offer.












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<PAGE>


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.


                                   RANCON REALTY FUND V,
                                   a California Limited Partnership (Registrant)


Date:  November 15, 2000           By:        Rancon Financial Corporation
                                              General Partner

                                      By:       /s/ Daniel L. Stephenson
                                                ------------------------
                                                Daniel L. Stephenson
                                                President











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