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) November 19, 1999 Brauvin Income Plus L.P. III (Exact name of registrant as specified in its charter) Delaware 0-19219 36-3639043 (State of or other (Commission (IRS Employer jurisdiction of File Number) Identification incorporation) Number) 30 North LaSalle Street, Suite 3100, Chicago, Illinois 60602 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (312) 759-7660 (Former name or address, if changed since last report) Item 5. Other Events. On November 19, 1999, the United States District Court for the Northern District of Illinois approved a bid for the Merger of the Partnership's Assets, per the terms of the Settlement Agreement, in the net amount of $5.6269 per Unit, as adjusted by earnings, distributions and transaction costs incurred after October 1, 1999. The Partnership anticipates that the Merger will be completed in the fourth quarter of 1999. Additionally, Sports Unlimited, a tenant in two of the Partnership's largest properties, has been operating in bankruptcy since December 1998. On approximately November 5, 1999, the Partnership became aware that this tenant intends to cease operation and liquidate all of its assets. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of l934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. BY: Brauvin Realty Advisors III, Inc. Corporate General Partner of Brauvin Income Plus L.P. III BY: /s/ Jerome J. Brault Jerome J. Brault Chairman of the Board of Directors, President and Chief Executive Officer DATE: November 30, 1999 BY: /s/ Thomas E. Murphy Thomas E. Murphy Chief Financial Officer and Treasurer DATE: November 30, 1999