UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)
MALAN REALTY INVESTORS, INC.
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
561063-10-8
(CUSIP Number)
Paul R. Rentenbach
Dykema Gossett PLLC
400 Renaissance Center
Detroit, Michigan 48243-1668
(313) 568-6973
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
June 23, 1998
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following
box [ ].
<PAGE>
This is Amendment No. 3 to the Schedule 13D filed by Peter T. Kross
relating to the common stock, par value $0.01 per share (the "Common Stock")
of Malan Realty Investors, Inc. (the "Issuer"). Item 5 of the Schedule 13D
is hereby amended to read as follows:
Item 5. Interest in Securities of the Issuer.
(a) Mr. Kross beneficially owns 290,860 shares of Common Stock, which
constitutes 5.7% of the issued and outstanding share of the Issuer's Common
Stock, based on the Issuer's most recent quarterly report on Form 10-Q and
the issuance of 1,250,000 share of Common Stock on June 23, 1998, in
connection with a public offering that the Issuer completed on such date.
(b) Mr. Kross has the sole right to vote and dispose of all of the
shares of Common Stock described in (a) above.
(c) The only transactions in the Common Stock by Mr. Kross during the
past 60 days are as follows:
Per Share
Date No. of Shares Purchase Price Total Price
- ---- ------------- -------------- -----------
4-02-98 2,500 $17.1828 $ 42,957
4-07-98 9,700 17.1650 166,500
4-08-98 7,500 17.1710 128,782
4-09-98 2,200 17.2482 37,946
4-13-98 5,000 17.2598 86,298
4-15-98 200 17.5850 3,517
4-16-98 5,000 17.2336 86,180
4-29-98 5,000 17.3587 86,793
6-23-98 33,760 17.7500 599,240
(d) Not applicable.
(e) Not applicable.
<PAGE> SIGNATURES
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.
Date: July 1, 1998 /S/ PETER T. KROSS
Peter T. Kross
