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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities and Exchange Act of 1934
(Amendment No. 16)*
Prudential Realty Trust
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(Name of Issuer)
Capital Shares of Beneficial Interest
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(Title of Class of Securities)
74435P-20-3
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(CUSIP Number)
Marc C. Krantz, Kohrman Jackson & Krantz,
1375 East 9th Street, Cleveland, Ohio 44114, 216-736-7204
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
October 30, 1995
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the statement [ ]. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*The remainder of this cover page shall be filled out for a reporting person s
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
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SCHEDULE 13D
CUSIP NO. 74435P-20-3
<S> <C>
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Richard M. Osborne
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Ohio
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NUMBER OF 7 SOLE VOTING POWER
SHARES 1,760,100
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 1,760,100
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PERSON 10 SHARED DISPOSITIVE POWER
WITH
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,760,100
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.8%
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14 TYPE OF REPORTING PERSON*
IN
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CUSIP No. 74435P-20-3
This Amendment No. 16 to Schedule 13D Statement is filed on behalf of
RICHARD M. OSBORNE ("RMO") for the purpose of reporting the disposition by him
of 200,000 capital shares of beneficial interest, $0.01 par value (the "Capital
Stock"), of Prudential Realty Trust, a Massachusetts business trust
("Prudential"), in four transactions between September 25, 1995 and October 31,
1995.
Item 5. Interest in Securities of the Issuer.
(a) According to the most recently available filing with the
Securities and Exchange Commission by Prudential, there are 11,135,000 shares
of Capital Stock outstanding. RMO beneficially owns 1,760,100 shares of Capital
Stock, or approximately 15.8%of the outstanding Capital Stock. As previously
reported, Turkey Vulture Fund XIII, Ltd., an Ohio limited liability company
(the "Fund"), beneficially owns 1,873,300 income shares of beneficial interest,
$0.01 par value (the "Income Stock"), of Prudential, representing approximately
16.8% of the outstanding Income Stock. RMO is the sole managing member of the
Fund. Under Section 13d(3) of the Securities Exchange Act of 1934, as amended,
RMO and the Fund may be deemed members of a group.
(b) RMO has sole power to vote, or to direct the voting of, and the
sole power to dispose or to direct the disposition of, the 1,760,100 shares of
Capital Stock owned by him.
(c) During the past sixty days, RMO has disposed of the Capital
Stock in open market transactions as set forth below:
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<CAPTION>
Date Number of Shares Approximate Per Share Price
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September 25, 1995 31,300 $0.05
September 26, 1995 68,700 $0.04
October 30, 1995 15,700 $0.06
October 31, 1995 84,300 $0.05
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CUSIP No. 74435P-20-3
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: November 6, 1995 /s/ Richard M. Osborne
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Richard M. Osborne
