UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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): Commission File Number
December 31, 1999 0-24683
Brunner Companies Income Properties, L.P. III
(Exact Name of Registrant as Specified in Charter)
Delaware 31-1266850
(State of Incorporation) (IRS Employer Identification No.)
3632 Wheeler Road
P.O. Box 204227
Augusta, Georgia 30917-4227
(Address of Principal Executive Offices)
(706) 863-0823
(Registrant's telephone number, including area code)
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Item 2. Acquisition or Disposition of Assets
The Agreed Order Granting Motion For Summary Judgment, Providing For Mutual
Release of Claims and Judgment Decree of Foreclosure was entered in the Court of
Common Pleas of Logan County, Ohio, with respect to Highpoint Village in
Bellefontaine, Ohio, on July 20, 1999, and the Order of Confirmation and
Distribution was entered on November 4, 1999. The Order of Sale in the
Montgomery Circuit Court of the Commonwealth of Kentucky with respect to Gateway
Plaza in Mt. Sterling, Kentucky, was entered on August 6, 1999, and the Order
Confirming Report of Sale was entered on August 27, 1999. As part of the
foreclosure of these properties, the properties have been sold and the proceeds
were used to discharge loans collateralized by the properties. As a result of
the foreclosure of the properties, the General Partner intends to wind up and
dissolve the Partnership in accordance with the Agreement of Limited Partnership
of the Partnership as of December 31, 1999. The General Partner will make a
liquidating distribution of the balance of any cash held by the Partnership
after payment of its remaining obligations, including payments to its lender and
accounting, legal and other fees. The General Partner expects to distribute an
aggregate of $508,950.38 in cash on or about December 15, 1999, to the limited
partners of the Partnership in proportion to each limited partner's partnership
interest, as provided in the Agreement of Limited Partnership.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Current Report on Form 8-K to be signed on its
behalf by the undersigned hereunto duly authorized.
BRUNNER COMPANIES INCOME
PROPERTIES, L.P. III
By: /s/ James M. Hull
Name: James M. Hull
Title: Member Manager
January 11, 2000
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