UNITED STATES
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): December 31, 2002
KRAMONT REALTY TRUST
(Exact Name of Registrant as Specified in Charter)
Maryland 1-15923 25-6703702
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(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation or organization) Identification No.)
Plymouth Plaza
580 West Germantown Pike
Plymouth Meeting, Pennsylvania 19462
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(Address, including zip code, of Principal Executive Offices)
Registrant's telephone number, including area code: (610) 825-7100
NOT APPLICABLE
(Former Name, or Former Address, if Changed Since Last Report)
ITEM 5. OTHER EVENTS.
On December 30, 2002, we agreed to issue and sell 2,090,000 of our
common shares in a public offering. We expect to issue and deliver 1,810,000 of
these shares on or about December 31, 2002 and the remaining 280,000 on or about
January 2, 2003. The price to the public will be $14.35 per share, for an
aggregate purchase price of $29,991,500. We estimate that the net proceeds to us
from this offering will be approximately $29,450,600. In conjunction with this
Current Report we are filing a Supplemental Prospectus pursuant to Rule 424(b)
of the Securities Act of 1933, which is incorporated herein by reference.
ITEM 7. EXHIBITS.
EXHIBIT NO. DOCUMENT
10.1 Purchase Agreement, dated December 30, 2002, by and among
Kramont Realty Trust, a Maryland business trust, Teachers
Insurance and Annuity Association of America and Teachers
Advisors, Inc and Kensington Investment Group, Inc., each on
behalf of itself and certain investment advisory clients
listed in the Purchase Agreement.
10.2 A letter agreement, dated December 30, 2002, by and between
Kramont Realty Trust, a Maryland business trust, and Cohen &
Steers Capital Advisors, LLC, as placement agent.
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.
KRAMONT REALTY TRUST
Date: December 31, 2002 By: /s/ Carl E. Kraus
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Carl E. Kraus
Senior Vice President and Chief
Financial and Investment Officer