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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): April 11, 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:
Delaware
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 5. Other Events.
On April 11, 1997, T. Rowe Price Renaissance Fund Ltd., A Sales-Commission-Free
Real Estate Investment ("the Corporation")
entered into a definitive agreement to sell 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"), for the
purchase price of $27.2 million, on substantially the terms and
conditions set forth in an Asset Purchase Agreement between the
Corporation and Purchaser.
Completion of the transaction is subject to the usual conditions
for such transactions, although there is no financing
contingency. The transaction must be approved by shareholders
holding 2/3 of the outstanding common stock of the Corporation.
There is no assurance the transaction will be consummated.
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
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