6
<PAGE>
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)April 25, 2000
DEAN WITTER REALTY INCOME PARTNERSHIP III,
L.P.
(Exact name of registrant as specified in its
charter)
Delaware 0-18146 13-
3293754
(State or other jurisdiction (Commission
(I.R.S. Employer of incorporation) File
Number) Identification
No.)
Two World Trade Center, New York, New York 10048
(Address of principal executive offices) (Zip
Code)
Registrant's telephone number, including area
code(212) 392-1054
(Former name or former address, if
changed since last report)
<PAGE>
Item 5. Other Events
Taxter Park Associates ("TPA") has entered into an
agreement with an unaffiliated third party to sell
Taxter Corporate Park for $43 million.
Consummation of the sale is subject
to customary closing costs and conditions,
including final due diligence by the buyer.
The Partnership owns a 44.6% general partnership
interest in TPA. If the sale is consummated
in accordance with the agreement and without
modification of the sale price, the
Partnership's share of the net proceeds of the
sale would be approximately $14.7 million
after satisfaction of the
Partnership's obligations arising in
connection with the
1999 purchase from KLM Royal Dutch Airlines of
its space at the property. Accordingly, if
the sale is consummated in accordance with
the agreement and without modification of the
sale price, the Partnership would expect to
distribute net sales proceeds of approximately
$27 per investment Unit to Limited partners,
of which approximately $1 per
investment Unit is expected to be distributed
approximately six months after closing of the
sale.
There can be no assurance that the sale
contemplated by the agreement will be
consummated and that, if the sale is
consummated, the final sale price would not be
less than $43 million.
The sale of property would cause the
dissolution of the Partnership; however, the
timing of the final liquidation of the
Partnership is uncertain at this time.
<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.
DEAN WITTER REALTY
INCOME PARTNERSHIP III, L.P.
By: Dean Witter
Realty Income Properties III, Inc.
Managing General
Partner
Date: April 25, 2000
By: /s/ Charles M. Charrow
Charles M. Charrow
Controller
(Principal Financial
and Accounting
Officer)
