SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 1, 1995
MRI Business Properties Fund, Ltd. III
(Exact Name of Registrant as Specified in Its Charter)
California
(State or Other Jurisdiction of Incorporation)
0-15348 94-2969782______________
(Commission File Number) (I.R.S. Employer Identification No.)
5665 Northside Drive, N.W., Atlanta, Georgia 30328
(Address of Principal Executive Offices) (Zip Code)
(404) 916-9090
(Registrant's Telephone Number, Including Area Code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Item 2. Acquisition or Disposition of Assets
On December 1, 1995, the joint venture which owned the Holiday Inn
Crowne Plaza ("Holiday Inn") sold this property to an unaffiliated
third party. MRI Ravinia Associates, L.P. ("Ravinia"), a limited
partnership in which Registrant has a 50% interest, received
$5,000,000 from the net proceeds of the sale. The sale resulted in a
gain to Registrant of approximately $3,000,000. In addition, after a
final accounting is performed by the management company for the
Holiday Inn additional amounts may be payable to Registrant.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits
(b) Pro Forma Financial Information:
The required pro forma financial information will be provided in
Registrant's Annual Report on Form 10-K for the fiscal year ended
September 30, 1995.
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.
MRI BUSINESS PROPERTIES FUND, LTD. III
By: Montgomery Realty Company 85,
its General Partner
By: Fox Realty Investors,
its Managing Partner
By: NPI Equity Investments II, Inc.,
its Managing partner
Date: December 11, 1995 By: /s/ Michael L. Ashner
Michael L. Ashner,
President
