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 22, 1996
HRE PROPERTIES
(Exact name of registrant as specified in its charter)
Massachusetts 04-2458042
(State of incorporation or organization) (I.R.S. Employer Identification No.)
321 Railroad Avenue, Greenwich, Connecticut 06830
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 203-863-8200
Page 1 of 4 Pages
Exhibit Index appears at Page 4
Item 5. Other Events.
On November 22, 1996, HRE Properties (the "Trust") and certain
investors, including Kimco Realty Corporation, entered into an Agreement of
Limited Partnership dated as of November 22, 1996 of Countryside Square Limited
Partnership ("Countryside"), pursuant to which the limited partners of
Countryside made a capital contribution to Countryside of 600,000 of the Trust's
Common Shares and the Trust made a capital contribution to Countryside of a
283,000 square foot shopping center (the "Commercial Property") in connection
with the organization of Countryside.
Kimco Realty Corporation, a limited partner, will manage the property
under a separate management agreement.
Reference is made to Exhibit I, which is incorporated herein by
reference, for a complete description of the Partnership Agreement.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
Exhibit No. Description
1 Countryside Square Limited
Partnership Agreement of Limited
Partnership (Agreement) dated as of
November 22, 1996 between HRE
Properties, as General Partner and
the Persons whose names are set
forth on Exhibit A of the Agreement,
as limited Partners.
99 Press Release dated November 26, 1996.
Page 2 of 4 Pages
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, thereto duly authorized.
Date: November 27, 1996
HRE PROPERTIES
By: /s/ Charles J. Urstadt
----------------------------------------
Name: Charles J. Urstadt
Title: Chairman of the Board of Trustees,
and Chief Executive Officer
Page 3 of 4 Pages
EXHIBIT INDEX
Exhibit Number Description
1 Countryside Square Limited
Partnership Agreement of Limited
Partnership (Agreement) dated as of
November 22, 1996 between HRE
Properties, as General Partner and
the Persons whose names are set
forth on Exhibit A of the Agreement,
as limited Partners.
99 Press Release dated November 26, 1996.
Page 4 of 4 Pages