UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
May 21, 2008
CORNERSTONE REALTY FUND, LLC
(Exact name of registrant as specified in its charter)
| Maryland | | 000-51868 | | 33-0827161 |
| (State or Other Jurisdiction of Incorporation) | | (Commission File Number) | | (I.R.S. Employer Identification Number) |
1920 Main Street, Suite 400
Irvine, CA 92614
(Address of principal executive offices)
(949) 852-1007
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02 Departure of Directors or Certain Officers
On May 21, 2008, Dominic Petrucci, the Chief Operating Officer of our managing member, and Robert Peterson, the Chief Investment Officer of our managing member, informed the company that they would be resigning from their positions with the managing member effective June 30, 2008.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CORNERSTONE REALTY FUND, LLC
| | By: | CORNERSTONE INDUSTRIAL PROPERTIES, LLC |
| | | Its Managing Member |
| | By: | CORNERSTONE VENTURES, INC. |
| | | Its Manager |
| | By: | /s/ Terry G. Roussel | |
| | | Terry G. Roussel, President | |
Dated: May 27, 2008
