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CRITEF-III PARTNERSHIP DECLARES MONTHLY DISTRIBUTION FOR OCTOBER OF 13.71 CENTS PER BAC

 ROCKVILLE, Md., Oct. 20 /PRNewswire/ -- Capital Realty Investors Tax Exempt Fund III Limited Partnership (CRITEF-III) (AMEX: CRL) today declared the distribution for the month of October 1993 in the amount of 13.71 cents per Beneficial Assignee Certificate (BAC).
 Holders of record on Oct. 31, 1993, will receive the distribution of 13.71 cents per BAC for the month of October as part of the fourth quarter distribution which is expected to be paid on Feb. 14, 1994.
 Record dates for CRITEF-III occur at the end of each month; payments are made quarterly. Distributions are paid approximately 45 days after the end of each quarter and include any monthly distributions declared during the quarter.
 CRITEF-III began trading on the American Stock Exchange on July 1, 1993.
 CRITEF-III is a partnership formed in 1987. It invested in eight federally tax-exempt mortgage revenue bonds and three working capital loans which were used to finance multifamily housing. The eight underlying multifamily housing properties are located in seven states.
 -0- 10/20/93
 /CONTACT: James T. Pastore, 301-231-0323, or Kathleen G. Sloan, 301-231-0384, both for CRITEF-III/
 (CRL)


CO: Capital Realty Investors Tax Exempt Fund III Limited Partnership ST: Maryland IN: FIN SU: DIV

DC-MH -- DC027 -- 4553 10/20/93 12:02 EDT
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Publication:PR Newswire
Date:Oct 20, 1993
Words:208
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