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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 19, 1999
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)
30 North LaSalle Street, Suite 3100, Chicago, Illinois 60602
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (312) 759-7660
(Former name or address, if changed since last report)
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Item 5. Other Events.
On November 19, 1999, the United States District Court for the
Northern District of Illinois approved a bid for the Merger of the
Partnership's Assets, per the terms of the Settlement Agreement, in
the net amount of $5.6269 per Unit, as adjusted by earnings,
distributions and transaction costs incurred after October 1, 1999.
The Partnership anticipates that the Merger will be completed
in the fourth quarter of 1999.
Additionally, Sports Unlimited, a tenant in two of the
Partnership's largest properties, has been operating in bankruptcy
since December 1998. On approximately November 5, 1999, the
Partnership became aware that this tenant intends to cease
operation and liquidate all of its assets.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
l934, the registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.
BY: Brauvin Realty Advisors III, Inc.
Corporate General Partner of
Brauvin Income Plus L.P. III
BY: /s/ Jerome J. Brault
Jerome J. Brault
Chairman of the Board of Directors,
President and Chief Executive Officer
DATE: November 30, 1999
BY: /s/ Thomas E. Murphy
Thomas E. Murphy
Chief Financial Officer and Treasurer
DATE: November 30, 1999
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