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CRITEF-III PARTNERSHIP DECLARES MONTHLY DISTRIBUTION FOR SEPTEMBER OF 13.69 CENTS PER BAC

 ROCKVILLE, Md., Sept. 17 /PRNewswire/ -- Capital Realty Investors Tax Exempt Fund III Limited Partnership (CRITEF III) (AMEX: CRL) today declared the distribution for the month of September 1993 in the amount of 13.69 cents per Beneficial Assignee Certificate (BAC).
 Holders of record on Sept. 30, 1993, will receive the distribution of 13.69 cents per BAC for the month of September as part of the third quarter distribution which is expected to be paid on Nov. 12, 1993.
 The third quarter distribution will total 40.73 cents per BAC. It is composed of July's 13.5 cents per BAC, August's 13.54 cents per BAC and September's 13.69 cents per BAC.
 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- 9/17/93
 /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

IH-MH -- DC012 -- 3022 09/17/93 10:57 EDT
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Publication:PR Newswire
Date:Sep 17, 1993
Words:247
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