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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 Exchange Act of 1934
Date of Report (date of earliest event reported): March 2, 1998
REAL ESTATE ASSOCIATES LIMITED III
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(Exact name of Registrant as specified in charter)
California 2-68983 95-3547611
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
9090 Wilshire Boulevard
Suite 201
Beverly Hills, California 90211
Address of Principal Executive Offices
Registrant's telephone number, including area code: 310/278-2191
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ITEM 5. OTHER EVENTS.
The Registrant recently became aware through several of its
limited partners that an entity identified as Bond Purchase, L.L.C. was
apparently conducting tender offers for units in the Registrant pursuant to an
"Offer to Purchase Limited Partnership Interests For $610.00" dated March 2,
1998 and pursuant to an "Offer to Purchase Limited Partnership Interests For
$312.00" dated June 26, 1998. Registrant has no further information about these
"Offers to Purchase" or Bond Purchase, L.L.C. By letters dated March 11, 1998
and July 15, 1998, the Registrant's general partners, on behalf of the
Registrant, advised the limited partners to consult with their tax advisors
about the tax consequences that could result from a sale of their units. Copies
of the "Offers to Purchase" and the Registrant's letters are attached hereto as
exhibits.
EXHIBITS
The following exhibits are attached to this Current Report and thereby
made a part thereof:
1. Copy of the "Offer to Purchase" documents dated March 2, 1998 as
received from Registrant's limited partners.
2. Copy of Registrant's letter to its limited partners dated March
11, 1998.
3. Copy of the "Offer to Purchase" documents dated June 26, 1998 as
received from Registrant's limited partners.
4. Copy of Registrant's letter to its limited partners dated July 15,
1998.
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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.
DATED: August 9, 1998
REAL ESTATE ASSOCIATES LIMITED III,
A CALIFORNIA LIMITED PARTNERSHIP
By: NATIONAL PARTNERSHIP INVESTMENTS CORP.,
A CALIFORNIA CORPORATION,
ITS GENERAL PARTNER
By: /s/ Bruce E. Nelson
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Its: President
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