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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 AND EXCHANGE ACT OF 1934
December 30, 1997
Date of Report (Date of Earliest Event Reported)
INCOME OPPORTUNITY REALTY INVESTORS, INC.
(Exact Name of Registrant as Specified in its Charter)
Nevada 1-9525 75-2615944
(State of Incorporation) (Commission (IRS Employer
File No.) Identification No.)
10670 North Central Expressway, Suite 300, Dallas, TX 75231
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (214) 692-4700
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On December 30, 1997, Income Opportunity Realty Investors, Inc. (the "Company")
purchased the Akard Plaza, a 42,895 square foot office building in Dallas,
Texas, for $3.5 million, 5.5% of the Company's assets at December 31, 1996.
The seller of the property was Dallas General Life Insurance Company.
On December 31, 1997, the Company purchased the Fireside Thrift Building, a
56,120 square foot office building in Newark, California, for $6.0 million,
9.4% of the Company's assets at December 31, 1996. The seller of the property
was 5600 Mowry School Road Corporation.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a)(3) The sellers have informed the Company that audited financial statements
and supporting data relating to the properties operations are not available.
It is, therefore, impracticable to provide the required audited statements of
operations for the properties acquired or pro forma financial information. The
required information will be filed by amendment of this Form 8-K as soon as
practicable, but not later than March 2, 1998.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereto duly authorized.
INCOME OPPORTUNITY REALTY
INVESTORS, INC.
Date: January 9, 1998 By: /s/ Thomas A. Holland
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Thomas A. Holland
Executive Vice President and
Chief Financial Officer
(Principal Financial and
Accounting Officer)
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