FORM 8-K

                       SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 20549



                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 9, 1999



                         Realty Parking Properties L.P.
             (Exact Name of Registrant as Specified in its Charter)



          Delaware                    0-17616                  52-1591575
(State or other jurisdiction   (Commission File Number)     (I.R.S. Employer
      of incorporation)                                  Identification Number)


225 East Redwood Street, Baltimore, Maryland                     21202
  (Address of Principal Executive Offices)                     (Zip Code)


       Registrant's telephone number, including area code: (410) 727-4083


                                       N/A
         (Former name or former address, if changed since last report.)



<PAGE>



                         REALTY PARKING PROPERTIES L.P.



                                      Index
<TABLE>
<CAPTION>

                                                                                   Page(s)




<S>                                                                                   <C>

Item 1   Changes in Control of Registrant                                        Inapplicable

Item 2   Acquisition or Disposition of Assets                                          1

Item 3   Bankruptcy or Receivership                                              Inapplicable

Item 4   Changes in Registrant's Certifying Accountant                           Inapplicable

Item 5   Other Events                                                            Inapplicable

Item 6   Resignations of Registrant's Directors                                  Inapplicable

Item 7   Financial Statements and Exhibits:

                  Narrative                                                            1
                  Pro Forma Balance Sheet as of September 30, 1999                     2
                  Pro Forma Statement of Operations for the nine months
                           ending September 30, 1999                                   3
                  Pro Forma Statement of Operations for the year
                           ending December 31, 1998                                    4
                  Notes to Pro Forma Financial Statements                              5

Item 8   Change in Fiscal Year                                                   Inapplicable

Item 9   Sales of Equity Securities Pursuant to Regulation S                     Inapplicable

Signatures                                                                              6
</TABLE>

<PAGE>
                         REALTY PARKING PROPERTIES L.P.




Item 2.  Acquisition or Disposition of Assets

        On December 9, 1999, the  Partnership  sold its 413-car  parking garage,
located  on a 100,600  square  foot  parcel  of land in  Denver,  Colorado,  for
$8,625,000.  The Partnership's investment in the property was $6,137,882, net of
accumulated depreciation of $13,440.




UNAUDITED PRO FORMA FINANCIAL INFORMATION

     The  following  unaudited  pro forma  Balance Sheet assumes the sale of the
Denver,  Colorado  property on  September  30,  1999.  The  unaudited  pro forma
Statements of Operations assume the sale of the property on January 1, 1998, and
January 1, 1999, as discussed in Note 1 to the pro forma  financial  statements,
herein.

     This information  should be read in conjunction with the Partnership's Form
10-K for the year ended December 31, 1998 and its Form 10-Q for the period ended
September 30, 1999.

                                        1
<PAGE>
                         REALTY PARKING PROPERTIES L.P.
                             Pro Forma Balance Sheet
                                    Unaudited
<TABLE>
<CAPTION>
                                                            Sept. 30,
                                                               1999                Pro Forma               Pro Forma
                                                            Historical            Adjustments               Results

Assets
<S>                                                    <C>                    <C>                       <C>
  Investment in real estate. net                       $   32,828,772         $  (6,137,882)(1)         $  26,690,890
  Cash and cash equivalents                                   942,452                                         942,452
  Accounts receivable                                         569,486               (53,819)(2)               515,667

                                                       $   34,340,710         $  (6,191,701)            $  28,149,009


Liabilities and Partners' Capital
    Accounts payable                                   $       24,834         $           0             $      24,834
    Due to affiliates                                          30,857                                          30,857
    Real estate taxes payable                                 280,500               (53,819)(2)               226,681
                                                              336,191               (53,819)                  282,372


  Partners' Capital
    General Partner                                           (56,089)             (122,758)(1)              (178,847)
    Assignee and Limited Partnership
        Interests - $25 stated value per unit,
        1,909,127 units outstanding                        34,060,508            (6,015,124)(1)            28,045,384
    Subordinated Limited Partner                                  100                     0                       100
                                                           34,004,519            (6,137,882)               27,866,637

                                                       $   34,340,710         $  (6,191,701)            $  28,149,009
</TABLE>


                                       2

<PAGE>
                         REALTY PARKING PROPERTIES L.P.
                        Pro Forma Statement of Operations
                                    Unaudited
<TABLE>
<CAPTION>
                                                                  Nine Mos.
                                                                  Sept. 30,
                                                                     1999         Pro Forma            Pro Forma
                                                                 Historical      Adjustments            Results

Revenues
<S>                                                             <C>              <C>                 <C>
  Parking lot rental                                            $ 2,042,272      $ (374,261)  (3)    $   1,668,011
  Interest income                                                    32,820                                 32,820
                                                                  2,075,092        (374,261)             1,700,831

Expenses
  Administrative, including amounts to related party                 85,785                                 85,785
  Professional fees                                                  15,822                                 15,822
  Management fees to related party                                   31,034          (6,413)  (3)           24,621
  Depreciation                                                       93,561          (2,688)  (3)           90,873
                                                                    226,202          (9,101)               217,101

Net earnings                                                    $ 1,848,890      $ (365,160)  (4)    $   1,483,730


Net earnings per unit of assignee and
  limited partnership interests-basic                           $      0.95      $    (0.19) (4&5)   $        0.76


Cash distribution per unit of assignee and
  limited partnership interests                                 $      0.95      $    (0.19) (4&5)   $        0.76

</TABLE>

                                        3

<PAGE>
                         REALTY PARKING PROPERTIES L.P.
                        Pro Forma Statement of Operations
                                    Unaudited

<TABLE>
<CAPTION>
                                                                       Twelve Mos.
                                                                         Dec. 31,
                                                                           1998             Pro Forma             Pro Forma
                                                                        Historical          Adjustments            Results

Revenues
<S>                                                                <C>                   <C>                   <C>
  Parking lot rental                                               $   2,702,673         $   (500,069)  (3)    $   2,202,604
  Interest income                                                         47,354                                      47,354
                                                                       2,750,027             (500,069)             2,249,958

Expenses
  Administrative, including amounts to related party                     106,108                                     106,108
  Professional fees                                                       39,144                                      39,144
  Management fees to related party                                        43,781              (10,528)  (3)           33,253
  Depreciation                                                           124,748               (3,584)  (3)          121,164
                                                                         313,781              (14,112)               299,669

Net earnings                                                       $   2,436,246         $   (485,957)  (4)    $   1,950,289


Net earnings per unit of assignee and
  limited partnership interests-basic                              $        1.25         $      (0.25) (4&5)   $        1.00


Cash distributions per unit of assignee and
  limited partnership interests                                    $        1.27         $      (0.25) (4&5)   $        1.02

</TABLE>


                                        4

<PAGE>
                         REALTY PARKING PROPERTIES L.P.
                    Notes to Pro Forma Financial Statements
                                   Unaudited


Note 1
        On December 9, 1999, the  Partnership  sold its 413-car  parking garage,
located  on a 100,600  square  foot  parcel  of land in  Denver,  Colorado,  for
$8,625,000.  The Partnership's investment in the property was $6,137,882, net of
accumulated  depreciation  of $13,440.  Investment  in real estate and partners'
capital  have been  adjusted to reflect the sale of the property as of September
30, 1999 in accordance with the Partnership Agreement.

Note 2
     Accounts  receivable  and real estate taxes  payable have been  adjusted to
reflect  reductions  in these items as if the  property was sold as of September
30, 1999.


Note 3
     Parking lot rental income,  management fees and  depreciation  expense have
been  adjusted to reflect  reductions in these items as if the property was sold
at the beginning of each period.


Note 4
     There is no  difference  between  the  Fund's net  earnings  for income tax
purposes and net earnings for financial reporting purposes.


Note 5
     Net earnings per unit and cash  distributions per unit, as reflected in the
pro forma  statements  of operations  for the twelve  months ended  December 31,
1998,  and the nine months ended  September 30, 1999,  are based upon  1,909,127
units outstanding.

                                       5

<PAGE>



                         REALTY PARKING PROPERTIES L.P.





                                   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.

                                      REALTY PARKING PROPERTIES L.P.





DATE:       12/22/99                   By:  /s/   John M. Prugh
                                        John M. Prugh
                                        President
                                        Realty Parking Company, Inc.
                                        General Partner





DATE:       12/22/99                   By:  /s/   Timothy M. Gisriel
                                        Timothy M. Gisriel
                                        Treasurer
                                        Realty Parking Company, Inc.
                                        General Partner


                                        6

<PAGE>
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{"company-data": {"conformed-name": "REALTY PARKING PROPERTIES LP", "cik": "0000841127", "assigned-sic": "6500", "irs-number": "521591575", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-17616", "film-number": "99778888"}, "business-address": {"street1": "225 E REDWOOD ST", "city": "BALTIMORE", "state": "MD", "zip": "21202", "phone": "4107274083"}, "mail-address": {"street2": "225 E REDWOOD ST", "city": "BALTIMORE", "state": "MD", "zip": "21202"}}
FORM 8-K

                       SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 20549

                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 9, 1999

                         Realty Parking Properties L.P.
             (Exact Name of Registrant as Specified in its Charter)

          Delaware                    0-17616                  52-1591575
(State or other jurisdiction   (Commission File Number)     (I.R.S. Employer
      of incorporation)                                  Identification Number)

225 East Redwood Street, Baltimore, Maryland                     21202
  (Address of Principal Executive Offices)                     (Zip Code)

       Registrant's telephone number, including area code: (410) 727-4083

                                       N/A
         (Former name or former address, if changed since last report.)
REALTY PARKING PROPERTIES L.P.

                                      Index
Page(s)
Item 1   Changes in Control of Registrant                                        Inapplicable

Item 2   Acquisition or Disposition of Assets                                          1

Item 3   Bankruptcy or Receivership                                              Inapplicable

Item 4   Changes in Registrant's Certifying Accountant                           Inapplicable

Item 5   Other Events                                                            Inapplicable

Item 6   Resignations of Registrant's Directors                                  Inapplicable

Item 7   Financial Statements and Exhibits:

                  Narrative                                                            1
                  Pro Forma Balance Sheet as of September 30, 1999                     2
                  Pro Forma Statement of Operations for the nine months
                           ending September 30, 1999                                   3
                  Pro Forma Statement of Operations for the year
                           ending December 31, 1998                                    4
                  Notes to Pro Forma Financial Statements                              5

Item 8   Change in Fiscal Year                                                   Inapplicable

Item 9   Sales of Equity Securities Pursuant to Regulation S                     Inapplicable

Signatures                                                                              6
REALTY PARKING PROPERTIES L.P.

Item 2.  Acquisition or Disposition of Assets

        On December 9, 1999, the  Partnership  sold its 413-car  parking garage,
located  on a 100,600  square  foot  parcel  of land in  Denver,  Colorado,  for
$8,625,000.  The Partnership's investment in the property was $6,137,882, net of
accumulated depreciation of $13,440.

UNAUDITED PRO FORMA FINANCIAL INFORMATION

     The  following  unaudited  pro forma  Balance Sheet assumes the sale of the
Denver,  Colorado  property on  September  30,  1999.  The  unaudited  pro forma
Statements of Operations assume the sale of the property on January 1, 1998, and
January 1, 1999, as discussed in Note 1 to the pro forma  financial  statements,
herein.

     This information  should be read in conjunction with the Partnership's Form
10-K for the year ended December 31, 1998 and its Form 10-Q for the period ended
September 30, 1999.

                                        1
REALTY PARKING PROPERTIES L.P.
                             Pro Forma Balance Sheet
                                    Unaudited
Sept. 30,
                                                               1999                Pro Forma               Pro Forma
                                                            Historical            Adjustments               Results

Assets
Investment in real estate. net                       $   32,828,772         $  (6,137,882)(1)         $  26,690,890
  Cash and cash equivalents                                   942,452                                         942,452
  Accounts receivable                                         569,486               (53,819)(2)               515,667

                                                       $   34,340,710         $  (6,191,701)            $  28,149,009

Liabilities and Partners' Capital
    Accounts payable                                   $       24,834         $           0             $      24,834
    Due to affiliates                                          30,857                                          30,857
    Real estate taxes payable                                 280,500               (53,819)(2)               226,681
                                                              336,191               (53,819)                  282,372

  Partners' Capital
    General Partner                                           (56,089)             (122,758)(1)              (178,847)
    Assignee and Limited Partnership
        Interests - $25 stated value per unit,
        1,909,127 units outstanding                        34,060,508            (6,015,124)(1)            28,045,384
    Subordinated Limited Partner                                  100                     0                       100
                                                           34,004,519            (6,137,882)               27,866,637

                                                       $   34,340,710         $  (6,191,701)            $  28,149,009
2
REALTY PARKING PROPERTIES L.P.
                        Pro Forma Statement of Operations
                                    Unaudited
Nine Mos.
                                                                  Sept. 30,
                                                                     1999         Pro Forma            Pro Forma
                                                                 Historical      Adjustments            Results

Revenues
Parking lot rental                                            $ 2,042,272      $ (374,261)  (3)    $   1,668,011
  Interest income                                                    32,820                                 32,820
                                                                  2,075,092        (374,261)             1,700,831

Expenses
  Administrative, including amounts to related party                 85,785                                 85,785
  Professional fees                                                  15,822                                 15,822
  Management fees to related party                                   31,034          (6,413)  (3)           24,621
  Depreciation                                                       93,561          (2,688)  (3)           90,873
                                                                    226,202          (9,101)               217,101

Net earnings                                                    $ 1,848,890      $ (365,160)  (4)    $   1,483,730

Net earnings per unit of assignee and
  limited partnership interests-basic                           $      0.95      $    (0.19) (4&5)   $        0.76

Cash distribution per unit of assignee and
  limited partnership interests                                 $      0.95      $    (0.19) (4&5)   $        0.76
3
REALTY PARKING PROPERTIES L.P.
                        Pro Forma Statement of Operations
                                    Unaudited
Twelve Mos.
                                                                         Dec. 31,
                                                                           1998             Pro Forma             Pro Forma
                                                                        Historical          Adjustments            Results

Revenues
Parking lot rental                                               $   2,702,673         $   (500,069)  (3)    $   2,202,604
  Interest income                                                         47,354                                      47,354
                                                                       2,750,027             (500,069)             2,249,958

Expenses
  Administrative, including amounts to related party                     106,108                                     106,108
  Professional fees                                                       39,144                                      39,144
  Management fees to related party                                        43,781              (10,528)  (3)           33,253
  Depreciation                                                           124,748               (3,584)  (3)          121,164
                                                                         313,781              (14,112)               299,669

Net earnings                                                       $   2,436,246         $   (485,957)  (4)    $   1,950,289

Net earnings per unit of assignee and
  limited partnership interests-basic                              $        1.25         $      (0.25) (4&5)   $        1.00

Cash distributions per unit of assignee and
  limited partnership interests                                    $        1.27         $      (0.25) (4&5)   $        1.02
4
REALTY PARKING PROPERTIES L.P.
                    Notes to Pro Forma Financial Statements
                                   Unaudited

Note 1
        On December 9, 1999, the  Partnership  sold its 413-car  parking garage,
located  on a 100,600  square  foot  parcel  of land in  Denver,  Colorado,  for
$8,625,000.  The Partnership's investment in the property was $6,137,882, net of
accumulated  depreciation  of $13,440.  Investment  in real estate and partners'
capital  have been  adjusted to reflect the sale of the property as of September
30, 1999 in accordance with the Partnership Agreement.

Note 2
     Accounts  receivable  and real estate taxes  payable have been  adjusted to
reflect  reductions  in these items as if the  property was sold as of September
30, 1999.

Note 3
     Parking lot rental income,  management fees and  depreciation  expense have
been  adjusted to reflect  reductions in these items as if the property was sold
at the beginning of each period.

Note 4
     There is no  difference  between  the  Fund's net  earnings  for income tax
purposes and net earnings for financial reporting purposes.

Note 5
     Net earnings per unit and cash  distributions per unit, as reflected in the
pro forma  statements  of operations  for the twelve  months ended  December 31,
1998,  and the nine months ended  September 30, 1999,  are based upon  1,909,127
units outstanding.

                                       5
REALTY PARKING PROPERTIES L.P.

                                   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.

                                      REALTY PARKING PROPERTIES L.P.

DATE:       12/22/99                   By:  /s/   John M. Prugh
                                        John M. Prugh
                                        President
                                        Realty Parking Company, Inc.
                                        General Partner

DATE:       12/22/99                   By:  /s/   Timothy M. Gisriel
                                        Timothy M. Gisriel
                                        Treasurer
                                        Realty Parking Company, Inc.
                                        General Partner

                                        6