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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES AND EXCHANGE ACT OF 1934
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Date of Report December 22, 1995
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First Union Real Estate Equity and Mortgage Investments
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(Exact name of registrant as specified in its charter)
Ohio 1-6249 34-6513657
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(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
Suite 1900, 55 Public Square
Cleveland, Ohio 44113-1937
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (216) 621-7227
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Former name or former address, if changed since last report.
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Total number of pages in report 18
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ITEM 5. OTHER EVENTS
(a) On December 8, 1995, Registrant concluded negotiations with
Richard M. Osborne and Turkey Vulture Fund XIII Ltd. (collectively, "Osborne")
to settle certain litigation pending between the Registrant and Osborne arising
from Osborne's purchase and ownership of shares of beneficial interest of the
Registrant. On December 13, 1995 the Registrant and Osborne signed a Settlement
and Standstill Agreement, and issued a press release relating to the Agreement
on December 14, 1995.
(b) Exhibit
(20)Other Documents
(a) Settlement and Standstill Agreement
(b) Press Release
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.
First Union Real Estate Equity
and Mortgage Investments
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(Registrant)
Date: December 22, 1995 By: /s/ Paul F. Levin
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Paul F. Levin
Senior Vice President, Secretary
and General Counsel