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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) November 8, 1996
Brauvin Income Plus L.P. III
(Exact name of registrant as specified in its charter)
Delaware 0-19219 36-3639043
(State of or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
150 South Wacker Drive, Suite 3200, Chicago, Illinois 60606
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (312) 443-0922
(Former name or former address, if changed since last report)
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Item 5. Other Events.
The Special Meeting of Limited Partners of Brauvin Income Plus
L.P. III (the "Partnership") was held on Friday, November 8, 1996
at 10:00 a.m. At this Special Meeting, the Limited Partners
holding a majority of the units of limited partnership interest in
the Partnership (the "Units") approved the merger of the
Partnership with and into Brauvin Real Estate Funds, L.L.C., a
Delaware limited liability company (the "Purchaser"), which
approval automatically resulted in the adoption of an amendment to
the Partnership's Restated Limited Partnership Agreement, as
amended (the "Partnership Agreement"), to allow the Partnership to
sell or lease property to affiliates. In addition, at the Special
Meeting, Limited Partners holding a majority of the Units approved
the adoption of an amendment to the Partnership Agreement to allow
the majority vote of the Limited Partners to determine the outcome
of the transaction with the Purchaser without the vote of the
General Partners of the Partnership.
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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, thereunto duly authorized.
BRAUVIN INCOME PLUS L.P. III
(Registrant)
By: BRAUVIN REALTY ADVISORS III, INC.
DATE: November 8, 1996 By: /s/ James L. Brault
Name: James L. Brault
Title: Executive Vice President
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