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): October 1, 1999
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 23219
RICHMOND, VIRGINIA (Zip Code)
(Address of principal
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 October 1, 1999 announcing a Company
Common Share Repurchase Program.
99.2 Press Release dated October 4, 1999 reporting on the
Company's closing of a $73.5 million secured fixed-rate
borrowing.
Item 5. Other Events
On October 1, 1999 and October 4, 1999, respectively, Cornerstone
Realty Income Trust, Inc. issued Press Releases. The October 1, 1999 Press
Release announces a Company Common Share Repurchase Program and the October 4,
1999 Press Release reports on the Company's closing of a $73.5 million secured
fixed-rate borrowing.
CAUTIONARY STATEMENT
Certain matters discussed in this Form 8-K (including the exhibits
thereto) 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.
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: October 13, 1999 By: /s/ Stanley J. Olander, Jr.
-------------------------------------
Stanley J. Olander, Jr.,
Chief Financial Officer
Cornerstone Realty Income Trust, Inc.
Index to Exhibits
Exhibit No. Exhibit
- ----------- -------
99.1 Press Release dated October 1, 1999 announcing a Company
Common Share Repurchase Program.
99.2 Press Release dated October 4, 1999 reporting on the
Company's closing of a $73.5 million secured fixed-rate
borrowing.