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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
November 13, 1996
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Date of Report (Date of Earliest Event Reported)
INCOME OPPORTUNITY REALTY INVESTORS, INC.
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(Exact Name of Registrant as Specified in its Charter)
Nevada 1-9525 75-2615944
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(State of Incorporation) (Commission (IRS Employer
File No.) Identification No.)
10670 North Central Expressway, Suite 300, Dallas, TX 75231
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(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (214) 692-4700
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Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On November 13, 1996, Income Opportunity Realty Investors, Inc. (the "Company")
purchased the Olympic Building, a 47,000 square foot office building in Los
Angeles, California for $6.0 million, 12.2% of the Company's assets at December
31, 1995. The seller of the property was Azusa Properties USA, Inc., a
California corporation. The Company paid $6.0 million in cash.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a)(3) The seller has informed the Company that audited financial statements
and supporting data relating to the property's operations are not available.
It is, therefore, impracticable to provide the required audited statement of
operations for the property acquired or pro forma financial information. The
required information will be filed by amendment of this Form 8-K as soon as
practicable, but not later than January 13, 1997.
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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 hereto duly authorized.
INCOME OPPORTUNITY REALTY
INVESTORS, INC.
Date: November 27, 1996 By: /s/ Thomas A. Holland
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Thomas A. Holland
Executive Vice President and
Chief Financial Officer
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