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: January 13, 1998
CORNERSTONE REALTY INCOME TRUST, INC.
(Exact name of registrant as specified in its charter)
VIRGINIA 1-12875 54-1589139
(State of (Commission (IRS Employer
incorporation) File Number) Identification No.)
306 EAST MAIN STREET
RICHMOND, VIRGINIA 23219
(Address of principal (Zip Code)
executive offices)
Registrant's telephone number, including area code:
(804) 643-1761
CORNERSTONE REALTY INCOME TRUST, INC.
FORM 8-K
Index
Item 5. Other Events
Item 7. Financial Statements and Exhibits
Financial Statements:
None.
Exhibits:
99.1 Press Release dated January 13, 1998 announcing an increase in
the Company's dividend rate.
99.2 Press Release dated January 22, 1998 reporting on the Company's
1997 earnings.
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Item 5. Other Events
On January 13, 1998 and January 22, 1998, respectively, Cornerstone
Realty Income Trust, Inc. issued Press Releases. The January 13, 1998 Press
Release announces an increase in the Company's dividend rate and the January 22,
1998 Press Release reports on the Company's 1997 earnings.
CAUTIONARY STATEMENT
Certain matters discussed in this Form 8-K contain "forward-looking
statements" for purposes of Section 27A of the Securities Act of 1933, as
amended (the "Securities Act") and Section 21E of the Securities Exchange Act of
1934, as amended (the "Exchange Act") relating to, without limitation, possible
future economic performance, plans and objectives of management for future
operations, and projections of revenue and other financial items, demographic
projections and federal income tax considerations, which can be identified by
the use of forward-looking terminology that refers to or describes events that
will or may occur in the future. Such forward-looking statements are inherently
subject to risks and uncertainties that could cause future results to differ
materially from those contained in such forward-looking statements. Many of the
risks and uncertainties cannot be predicted with accuracy and some might not
even be anticipated. Although the Company believes that the expectations
reflected in such forward-looking statements are based upon reasonable
assumptions, the Company can give no assurance that its expectations can be
achieved or will be realized. Factors that would cause actual results to differ
materially from the Company's current expectations include general economic
conditions, economic conditions in the areas of the Company's operations, and
risks associated with the acquisition, ownership and operation of properties,
including unanticipated decreases in revenues or increases in expenses or
liabilities at the properties.
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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 hereunto duly authorized.
Cornerstone Realty Income Trust, Inc.
Date: January 22, 1998 By:/s/ Stanley J. Olander, Jr.
-------------------------------------
Stanley J. Olander, Jr.,
Chief Financial Officer
Cornerstone Realty Income Trust, Inc.
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Index to Exhibits
Exhibit No. Exhibit
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99.1 Press Release dated January 13, 1998 announcing an increase in the
Company's dividend rate.
99.2 Press Release dated January 22, 1998 reporting on the Company's
1997 earnings.
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