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) April 18, 2001
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Integrated Resources High Equity Partners, Series 85, A California Limited Partnership
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(Exact Name of Registrant as Specified in Charter)
California 0-14438 13-3239107
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(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer Identification No.)
of Incorporation)
5 Cambridge Center
9th Floor
Cambridge, Massachusetts 02142
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(Address of Principal Executive Offices)
Registrant's telephone number (617) 234-3000
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Not Applicable
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(Former Name or Former Address, if Changed Since Last Report
ITEM 5 OTHER EVENTS.
The solicitation of consents of limited partners of Registrant to the
merger of Registrant with and into Shelbourne Properties I L.P. ended on April
16, 2001. Limited partners owning 246,723 limited partnership units or 61.68% of
the outstanding units voted in favor of the merger, limited partners owning
27,523 limited partnership units or 6.88% of the outstanding units voted against
the merger and limited partners owning 3,152 limited partnership units or .78%
of the outstanding units abstained. Accordingly, on April 18, 2001, the merger
was consummated in accordance with the terms set forth in the prospectus/consent
solicitation statement, dated February 8, 2001. Pursuant to the terms of the
merger each outstanding limited partnership unit has been converted into three
shares of common stock of Shelbourne Properties I, Inc. Trading in the shares of
common stock of Shelbourne Properties I, Inc. is expected to commence on the
American Stock Exchange in the early part of May.
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.
INTEGRATED RESOURCES HIGH EQUITY
PARTNERS, SERIES 85, A CALIFORNIA LIMITED
PARTNERSHIP
By: Resources High Equity, Inc., its General Partner
By: /s/ Michael L. Ashner
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Michael L. Ashner
President
Dated: April 18, 2001