SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report October 23, 1997
(Date of earliest event reported)
CONNECTICUT GENERAL REALTY INVESTORS III LIMITED PARTNERSHIP
(exact name of registrant as specified in its charter)
CONNECTICUT
(State or other jurisdiction of incorporation)
0-14466 06-1115374
(Commission File Number) (IRS Employer Identification Number)
900 Cottage Grove Road, South Building
Bloomfield, Connecticut 06002
(Address of principal executive offices) (Zip Code)
(860) 726-6000
(Registrant's telephone number, including area code)
CONNECTICUT GENERAL REALTY INVESTORS III LIMITED PARTNERSHIP
(a Connecticut limited partnership)
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On October 23, 1997, the Partnership completed the sale of Stonebridge Manor
Apartments to TGM Realty Corp. #6, a Delaware corporation for an all cash gross
sales price of $9,800,000. The Contract for Purchase and Sale between the
parties was signed on October 22, 1997 and the transaction was completed with
the recording of the deed and receipt of consideration on October 23, 1997. The
property was purchased on November 26, 1985 for a total purchase price of
$10,409,845, including acquisition fees and closing costs. The property had a
depreciated cost of approximately $7,000,000 as of the date of sale. After
deducting closing costs, the Partnership expects to record a gain of
approximately $2,600,000.
ITEM 7(C). EXHIBITS
10(a) Agreement of Purchase and Sale dated October 22, 1997
between the Registrant and TGM Realty Corp. #6, a Delaware
corporation.
SIGNATURES
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 thereunto duly authorized.
CONNECTICUT GENERAL REALTY INVESTORS III
LIMITED PARTNERSHIP
By: CIGNA Realty Resources, Inc. - Fifth
General Partner
Date: November 6, 1997 By: /s/ John D. Carey
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John D. Carey, President
(Principal Executive Officer)
Date: November 6, 1997 By: /s/ Josephine C. Donofrio
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Josephine C. Donofrio, Controller
(Principal Accounting Officer)
FORM 8-K
CONNECTICUT GENERAL REALTY INVESTORS III LIMITED PARTNERSHIP
(a Connecticut Limited Partnership)
EXHIBIT INDEX
Exhibit
Number
10(a) Agreement of Purchase and Sale dated October 22, 1997
between the Registrant and TGM Realty Corp. #6, a
Delaware corporation.