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) September 10, 1998 Real Estate Associates Limited III (Exact Name of Registrant as Specified in its Charter) California 000-10673 95-3547611 (State or Other (Commission (I.R.S. Employer Jurisdiction of File Number) Identification incorporation) No.) 9090 Wilshire Boulevard, Beverly Hills, California 90211 (Address of Principal Executive Offices) (Zip Code) (Registrant's Telephone Number, Including Area Code (310) 278-2191 (Former Name or Former Address, If Changed Since Last Report.) ITEM 5. Other Events. 756113.1 1 Real Estate Associates Limited III, a California limited partnership (the "Registrant"), is filing this Current Report on Form 8-K in connection with the filing of a press release issued on September 10, 1998 regarding the extension of the consent solicitation period relating to the sale of certain properties held by the Registrant. ITEM 7. Financial Statements, Pro Forma Financial Information and Exhibits (c) Exhibits. Exhibit Description 1 Press Release, dated September 10, 1998. 756113.1 2 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 hereunto duly authorized. REAL ESTATE ASSOCIATES LIMITED III, a California Limited Partnership By: NATIONAL PARTNERSHIP INVESTMENT CORP., a California Corporation, a General Partner By:/s/ Henry C. Casden ----------------------------------- Name: Henry C. Casden Title: Senior Executive Vice President Date: September 14, 1998 756113.1 3 EXHIBIT INDEX Exhibit Description 1 Press Release, dated September 10, 1998. 756113.1 4 Exhibit 1 FOR IMMEDIATE RELEASE Contact: Pat Toy National Partnership Investments (800) 666-6274 Ellen A. Gulczynski MacKenzie Partners, Inc. (212) 929-5500 NATIONAL PARTNERSHIP INVESTMENTS CORP. EXTENDS CONSENT SOLICITATION PERIOD FOR REAL ESTATE ASSOCIATES LIMITED AND OTHER LIMITED PARTNERSHIPS Beverly Hills, California - September 10, 1998 - National Partnership Investments Corp. (NAPICO), the California-based managing general partner of certain real estate limited partnerships, announced today the extension of eight consent solicitation periods regarding the sale of properties held in the following real estate limited partnerships: Real Estate Associates Limited Real Estate Associates Limited II Real Estate Associates Limited III Real Estate Associates Limited IV Real Estate Associates Limited V Real Estate Associates Limited VI Real Estate Associates Limited VII Housing Programs Limited The consent solicitation periods scheduled to expire at 5:00 p.m., New York City Time on Thursday, September 10, 1998, have been extended to 5:00 p.m. New York City Time on Friday, October 9, 1998. The purpose of the extension is to ensure that all of the limited partners have adequate time to respond to the consent materials. # # # 756113.1 5