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<PAGE> 1
OMB APPROVAL
OMB Number: 3235-0145
UNITED STATES Expires: October 31, 1997
SECURITIES AND EXCHANGE COMMISSION Estimated average burden
WASHINGTON, D.C. 20549 hours per response: 14.90
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1 )*
Malan Realty Investors, Inc.
----------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $0.01 par value
----------------------------------------------------------------------------
(Title of Class of Securities)
561063 10 8
--------------------------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ]. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent of less of such class.)
(See Rule 13d-7).
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
Page 1 of 5 pages
<PAGE> 2
CUSIP NO. 561063 10 8 13G PAGE 2 OF 5 PAGES
------------------------ ---- ----
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Anthony S. Gramer
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IS A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 244,100
SHARES
BENEFICIALLY -------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING
PERSON 3,370
WITH -------------------------------------------------------
7 SOLE DISPOSITIVE POWER
244,100
-------------------------------------------------------
8 SHARED DISPOSITIVE POWER
3,370
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
247,470
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.1%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 3
CUSIP NO. 561063 10 8 13G Page 3 of 5 pages
ITEM 1.
(a) Name of Issuer:
Malan Realty Investors, Inc.
(b) Address of Issuer's Principal Executive Offices:
30200 Telegraph Road
Suite 105
Birmingham, MI 48025-4503
ITEM 2.
(a) Name of Person Filing:
Anthony S. Gramer
(b) Business Address:
30200 Telegraph Road
Suite 105
Birmingham, MI 48025-4503
(c) Citizenship:
Mr. Gramer is a citizen of the United States
(d) Title of Securities:
Common Stock, $0.01 par value ("Common Stock")
(e) CUSIP Number:
561063 10 8
ITEM 3. Not Applicable
ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned:
247,470 shares of Common Stock
<PAGE> 4
CUSIP NO. 561063 10 8 13G Page 4 of 5 pages
(b) Percent of Class:
7.1%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
244,100
(ii) shared power to vote or to direct the vote:
3,370
(iii) sole power to dispose or to direct the disposition of:
244,100
(iv) shared power to dispose or to direct the disposition of:
3,370
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not Applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not Applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not Applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not Applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not Applicable
<PAGE> 5
CUSIP NO. 561063 10 8 13G Page 5 of 5 pages
ITEM 10. CERTIFICATION
Not Applicable
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: 2/14/97 /s/ Anthony S. Gramer
------------------------------------ ------------------------------
Anthony S. Gramer
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