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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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): April 4, 1994
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AMERICAN INDUSTRIAL PROPERTIES REIT
(Exact name of registrant as specified in its charter)
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TEXAS 1-9016 75-6335572
(State or Other Jurisdiction) (Commission File Number) (I.R.S. Employer Identification
of Incorporation Number)
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6220 NORTH BELTLINE, SUITE 205, IRVING, TEXAS 75063
(Address of Principal Executive Offices) (zip code)
Registrant's telephone number, including area code (214) 550-6053
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Item 5. Other Events
On April 4, 1994, the Trust Managers adopted amendments to the Second
Amended and Restated By-Laws of the Trust which eliminate the requirement that
the Trust furnish to its shareholders summary reports by an independent
appraisal firm disclosing the results of year-end appraisals of the current
fair market value of the Trust's real estate investments. The amendments are
effective as of January 1, 1994. The Trust Managers believe that the
elimination of the appraisal requirement is consistent with real estate
investment trust industry practice and that the expeditures for these
appraisals were unnecessary due to the removal of the limited term restriction
from the Declaration of Trust, which was approved by the affirmative vote of
81.2% of the shareholders on October 22, 1993.
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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.
AMERICAN INDUSTRIAL PROPERTIES REIT
/s/ Charles W. Wolcott
Charles W. Wolcott,
President and Chief Executive Officer
DATE: April 7, 1994
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