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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Pursuant to Section 13 or 15(d) of the Securities and Exchange
Act of 1934
Date of Report (Date of earliest event reported): September 12,
1997
Exact name of registrant as specified in its charter: T. ROWE
PRICE RENAISSANCE FUND, LTD., A SALES-COMMISSION-FREE REAL ESTATE
INVESTMENT
State or other Jurisdiction of Incorporation or Organization:
Maryland
I.R.S. Employer Identification No.:52-1657028
Commission File Number: 0-19180
Address of principal executive offices: 100 East Pratt Street,
Baltimore, Maryland 21202
Registrant's telephone number, including area code: 1-800-638-
5660
Former name of former address, if changes since last report:
Not Applicable
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Item 2. Acquisition or Disposition of Assets.
On September 12, 1997, T. Rowe Price Renaissance Fund, Ltd., A
Sales-Commission Free Real Estate Investment ("the Corporation")
completed the sale of all of its real property assets,
constituting substantially all of its assets (the "Assets"), to
Glenborough Realty Trust Incorporated, a Maryland corporation,
and Glenborough Properties, L.P., a California limited
partnership corporation ("Purchaser"). The sales price of $27.1
million was paid in cash. After closing costs, the net proceeds
to the Partnership are expected to be approximately $24,315,000
in cash.
A distribution of $20,800,801 ($13 per Share) will be made on or
about September 19, 1997 to Stockholders of record on September
12, 1997. The Corporation will be liquidated and the balance of
the Corporation s net assets are expected to be distributed to
the Stockholders before the end of 1997.
Item 7. Financial Statements and Exhibits
a. Financial Statements of Business Acquired: Not
applicable.
b. Pro Forma Financial Information
Subsequent to this sales transaction, the Corporation will no
longer have any operating properties and will enter into
liquidation. The remaining assets of the Corporation consist
almost exclusively of cash and short-term investments. After
extinguishing the remaining liabilities of the Corporation, all
such assets will be distributed to the Stockholders in the form
of cash and the Corporation will be dissolved.
Pursuant to the requirements of the Securities and Exchange Act
of 1934, the registrant has daily caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
T. ROWE PRICE RENAISSANCE FUND, LTD.,
A SALES-COMMISSION FREE REAL ESTATE
INVESTMENT
By: /s/Lucy B. Robins
Lucy B. Robins
Vice President
