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
November 6, 1995
(Date of Report; Date of Earliest Event Reported)
PRUDENTIAL REALTY TRUST
(Exact Name of Registrant as specified in its Charter)
Massachusetts 1-8965 22-6400284
(State of Incorporation) (Commission File Number) (IRS Employer
Identification No.)
Prudential Plaza, Newark, New Jersey 07102
(Address of Principal Executive Offices) (Zip Code)
(201) 802-4302
(Registrant's telephone no., including area code)
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Items 1-4. Not Applicable.
Item 5. Other Events.
On November 6, 1995, Prudential Realty Trust, a Massachusetts
Business Trust, announced that it has completed the sale of all its
real estate assets and, in accordance with its plan of liquidation,
the Trust will be terminated on December 1, 1995. The share transfer
books of the Trust will be permanently closed on November 16, 1995.
Trading in Income Shares (NYSE symbol - PRTpfd) will be suspended
before the opening of trading on Thursday, November 16, 1995 and
trading in the Capital Shares (NYSE Symbol - PRT) will be suspended
immediately.
The Trust also announced that a distribution in the amount of
$5.30 per Income Share would be made on December 1, 1995 to Income
Shareholders of record on November 16, 1995. No distribution will be
made to Capital Shareholders.
The remaining assets and liabilities of the Trust will be transferred
on December 1, 1995 to a liquidating trust. The Income Shareholders
as of November 16, 1995 will be holders of beneficial interests in
the liquidating trust in proportion to their former interests as
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Income Shareholders. Beneficial interests in the liquidating trust
will not be transferable, except upon death of the holder of such
beneficial interest or by operation of law.
After collection of all receivables transferred to the liquidating
trust and the settlement of all liabilities assigned to or incurred
by the liquidating trust, a final distribution of approximately $0.04
will be made to holders of beneficial interest of the liquidating
trust. The amount ultimately recovered from the receivables is not
determinable at this time and could be substantially less than the
amount expected. It is currently anticipated that all receivables
will be collected before March 31, 1996.
The Trust announced that the sale of its Maple Plaza properties
located in Parsippany, New Jersey was made to Equitable Real Estate
Investment Management, Inc., a Delaware corporation, for a sales
price of $30 million. The sale was completed pursuant to a Purchase
and Sale Agreement between the Trust and the buyer dated August 11,
1995.
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SIGNATURE
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.
Dated: November 8, 1995
PRUDENTIAL REALTY TRUST
By: /s/ Joseph M. Selzer
Name: Joseph M. Selzer
Title: Vice President, Trustee
Treasurer, and Principal
Financial Officer
