FORM 8-K - CURRENT REPORT (As last amended in Rel. No. 34-36968, eff. August 13, 1992.) 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) July 8, 1999 CONSOLIDATED CAPITAL PROPERTIES III (Exact name of registrant as specified in its charter) California 0-10273 94-2653686 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification Number) 55 Beattie Place Post Office Box 1089 Greenville, South Carolina 29602 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (864) 239-1000 N/A (Former name or former address, if changed since last report) ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS. Professional Plaza Office Building, located in Salt Lake City, Utah, was sold by the Registrant on July 8, 1999. The property was sold Goodman Financial Services, Inc., a Washington Corporation, an unrelated party, for $3,600,000. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (b) Pro forma financial information. The required pro forma financial information will be provided in the Registrant's quarterly report on Form 10-QSB for the quarter ended June 30, 1999. (c) Exhibits 10.49 Purchase and Sale Contract between Registrant and Goodman Financial Services, Inc., a Washington Corporation, dated May 5, 1999. 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 hereunto duly authorized. CONSOLIDATED CAPITAL PROPERTIES III By: CONCAP EQUITIES, INC. Its General Partner By: /s/ Patrick J. Foye Patrick J. Foye Executive Vice President Date: July 23, 1999