SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549


                                    FORM 8-K


                                 Current Report
                       Pursuant to Section 13 of 15 (d) of
                       the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)        July 15, 1996


                         South West Property Trust Inc.
             (Exact name of registrant as specified in its charter)


                                    Maryland
                 (State or other jurisdiction of incorporation)

         1-11224                                          75-2434995
(Commission file number)                      (IRS employer identification no.)


    5949 Sherry Lane, Suite 1400, Dallas, Texas               75225-8010
      (address of principal executive offices                  (Zip code)

       Registrant's telephone number, including area code: (214) 369-1995

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


<PAGE>

Item 5. Other Events

     Daniel M.  Jones III has joined the  Company  as Senior  Vice-President  of
Finance and Diana M. Laing has resigned as Chief  Financial  Officer,  effective
August 15, 1996,  to assume a similar  position  with a  California  real estate
company that is not engaged in the multi-family residential industry.

     Mr.  Jones is a certified  public  accountant  with 20 years of  cumulative
financial management experience (including positions at Dayton-Hudson, Federated
Department   Stores  and  R.H.   Macy  &  Co.)  in  functions   of   controller,
vice-president  of finance and chief financial  officer.  He holds an accounting
degree, cum laude, from Virginia Commonwealth University.

     Since  1988,  Mr.  Jones  has  devoted  his  energies  to   entrepreneurial
opportunities  with emphasis on expense control and cash flow management.  These
activities  included  owning an Entre  Computer  Center  franchise,  serving  as
vice-president  of finance for Wyatt  Cafeterias and as chief operating  officer
for Annie's  Attic,  Inc., a catalog  company which was sold in 1996. Mr. Jones'
career  responsibilities  have included accounting,  consumer credit,  financial
planning,  information systems, real estate, legal, treasury and risk management
functions.


     Mr. Jones will assume all of Ms. Laing's  finance and  information  systems
responsibilities   and  John  S.  Schneider,   Chief  Executive  Officer,   will
temporarily manage investor  relations.  The Company has undertaken an executive
search for a permanent Chief Financial Officer, a position for which Mr. Jones
will be a prime candidate.


                                   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.

                               South West Property Trust Inc.


                               By:     Lewis H. Sandler /s/
                                       Lewis H. Sandler
                                       Executive Vice President,
                                       Secretary and General Counsel

Dated: July 15, 1996
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{"company-data": {"conformed-name": "SOUTH WEST PROPERTY TRUST INC", "cik": "0000887983", "assigned-sic": "6513", "irs-number": "752434995", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-11224", "film-number": "96595477"}, "business-address": {"street1": "5949 SHERRY LANE STE 1400", "city": "DALLAS", "state": "TX", "zip": "75140", "phone": "2143691995"}, "mail-address": {"street1": "5949 SHERRY LANE", "street2": "STE 1400", "city": "DALLAS", "state": "TX", "zip": "75225-8010"}, "former-company": {"former-conformed-name": "SOUTHWESTERN PROPERTY TRUST INC", "date-changed": "19940128"}}
SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                    FORM 8-K

                                 Current Report
                       Pursuant to Section 13 of 15 (d) of
                       the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)        July 15, 1996

                         South West Property Trust Inc.
             (Exact name of registrant as specified in its charter)

                                    Maryland
                 (State or other jurisdiction of incorporation)

         1-11224                                          75-2434995
(Commission file number)                      (IRS employer identification no.)

    5949 Sherry Lane, Suite 1400, Dallas, Texas               75225-8010
      (address of principal executive offices                  (Zip code)

       Registrant's telephone number, including area code: (214) 369-1995

         (Former name or former address, if changed since last report)
Item 5. Other Events

     Daniel M.  Jones III has joined the  Company  as Senior  Vice-President  of
Finance and Diana M. Laing has resigned as Chief  Financial  Officer,  effective
August 15, 1996,  to assume a similar  position  with a  California  real estate
company that is not engaged in the multi-family residential industry.

     Mr.  Jones is a certified  public  accountant  with 20 years of  cumulative
financial management experience (including positions at Dayton-Hudson, Federated
Department   Stores  and  R.H.   Macy  &  Co.)  in  functions   of   controller,
vice-president  of finance and chief financial  officer.  He holds an accounting
degree, cum laude, from Virginia Commonwealth University.

     Since  1988,  Mr.  Jones  has  devoted  his  energies  to   entrepreneurial
opportunities  with emphasis on expense control and cash flow management.  These
activities  included  owning an Entre  Computer  Center  franchise,  serving  as
vice-president  of finance for Wyatt  Cafeterias and as chief operating  officer
for Annie's  Attic,  Inc., a catalog  company which was sold in 1996. Mr. Jones'
career  responsibilities  have included accounting,  consumer credit,  financial
planning,  information systems, real estate, legal, treasury and risk management
functions.

     Mr. Jones will assume all of Ms. Laing's  finance and  information  systems
responsibilities   and  John  S.  Schneider,   Chief  Executive  Officer,   will
temporarily manage investor  relations.  The Company has undertaken an executive
search for a permanent Chief Financial Officer, a position for which Mr. Jones
will be a prime candidate.

                                   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.

                               South West Property Trust Inc.

                               By:     Lewis H. Sandler /s/
                                       Lewis H. Sandler
                                       Executive Vice President,
                                       Secretary and General Counsel

Dated: July 15, 1996