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)         April 18, 2005
                                                 ------------------------------

                              KRAMONT REALTY TRUST
             (Exact name of registrant as specified in its charter)


            Maryland                     1-15923               25-6703702
------------------------------------------------------------------------------
(State or other jurisdiction of       (Commission             (IRS Employer
        incorporation)                File Number)          Identification No.)


                         Plymouth Plaza
                    580 West Germantown Pike
                 Plymonth Meeting, Pennsylvania                  19462
-----------------------------------------------------------------------------
             (Address of principal executive offices)          (Zip Code)


Registrant's telephone number, including area code   (610) 825-7100
                                                   ---------------------------

-------------------------------------------------------------------------------
         (Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ]  Written communications pursuant to Rule 425 under the Securities Act
     (17 CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act
     (17 CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))

<PAGE>


Item 9.01 Financial Statements and Exhibits.

(a)  Not applicable

(b)  Not applicable

(c)  Exhibits

Exhibits No.      Description
------------      -----------

99.1              Press Release on April 18, 2005 announcing completion of
                  merger.


<PAGE>



                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
CWAR OP MERGER Sub III Trust as successor by merger to Kramont Realty Trust has
caused this certification/notice to be signed on its behalf by the undersigned
duly authorized person.


Date: April 19, 2005                           By: /s/ John Hutchinson
                                                  ----------------------------
                                               Name:    John Hutchinson
                                               Title:   Vice President
[{"type": "8-K", "sequence": "1", "filename": "ny508226.txt", "description": "8-K", "secsgml_size_bytes": 3014}]
{"company-data": {"conformed-name": "KRAMONT REALTY TRUST", "cik": "0001111205", "assigned-sic": "6798", "irs-number": "256703702", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-15923", "film-number": "05762462"}, "business-address": {"street1": "580 WEST GERMANTOWN PIKE", "city": "PLYMOUTH MEETING", "state": "PA", "zip": "19462", "phone": "6108257100"}, "mail-address": {"street1": "580 WEST GERMANTOWN PIKE", "city": "PLYMOUTH MEETING", "state": "PA", "zip": "19462"}}
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)         April 18, 2005
                                                 ------------------------------

                              KRAMONT REALTY TRUST
             (Exact name of registrant as specified in its charter)

            Maryland                     1-15923               25-6703702
------------------------------------------------------------------------------
(State or other jurisdiction of       (Commission             (IRS Employer
        incorporation)                File Number)          Identification No.)

                         Plymouth Plaza
                    580 West Germantown Pike
                 Plymonth Meeting, Pennsylvania                  19462
-----------------------------------------------------------------------------
             (Address of principal executive offices)          (Zip Code)

Registrant's telephone number, including area code   (610) 825-7100
                                                   ---------------------------

-------------------------------------------------------------------------------
         (Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ]  Written communications pursuant to Rule 425 under the Securities Act
     (17 CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act
     (17 CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))
Item 9.01 Financial Statements and Exhibits.

(a)  Not applicable

(b)  Not applicable

(c)  Exhibits

Exhibits No.      Description
------------      -----------

99.1              Press Release on April 18, 2005 announcing completion of
                  merger.
SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
CWAR OP MERGER Sub III Trust as successor by merger to Kramont Realty Trust has
caused this certification/notice to be signed on its behalf by the undersigned
duly authorized person.

Date: April 19, 2005                           By: /s/ John Hutchinson
                                                  ----------------------------
                                               Name:    John Hutchinson
                                               Title:   Vice President