content: SECURITIES AND EXCHANGE COMMISSION
                                WASHINGTON, DC 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) July 8, 1994
  
  
  
                             BALCOR REALTY INVESTORS-84
                              Exact Name of Registrant
  
  
  
  Illinois                                0-13349               
  State or other jurisdiction             Commission File Number
  of organization
  
  
  
  
  Balcor Plaza
  4849 Golf Road
  Skokie, Illinois                        36-3215399                
  Address of principal                    I.R.S. Employer 
  executive offices                       Identification
                                          
  60077                         
  Zip Code
  
  
                Registrant's telephone number, including area code:
                                   (708) 677-2900
  
  
  ITEM 2.  ACQUISITION OR DISPOSITION OF ASSETS
  
  Ridgepoint Hill Apartments and Ridgepoint View Apartments
  
  In 1983 the Partnership acquired the Ridgepoint Hill and Ridgepoint View
  apartment complexes in Dallas, Texas (together, the "Properties"), utilizing
  $4,947,990 and $5,028,040 of offering proceeds, respectively.   The Properties
  are owned subject to first mortgage loans from an unaffiliated lender in the
  amounts of $6,186,000 and $6,352,000, respectively, second mortgage loans from
  an affiliate in the amounts of $3,000,000 and $3,345,000, respectively, and an
  unsecured loan of $408,597 from an affiliate relating to Ridgepoint Hill
  Apartments.
  
  On July 8, 1994, the Partnership executed an Agreement of Sale ("Agreement") to
  sell the Properties to an unaffiliated party, Berkshire Realty Company, Inc., a
  Delaware corporation, ("Purchaser") for a sale price of $18,659,285.  The
  Purchaser deposited $250,000 into an escrow account as earnest money, with the
  remaining $18,409,285, plus or minus prorations, payable upon closing,
  scheduled for August 17, 1994 ("Closing").  At Closing, the Partnership will
  pay approximately $12,538,000 in full satisfaction of the first mortgage loans
  collateralized by the Properties and $186,593 to an unaffiliated party as a
  brokerage commission.  The remaining $5,934,692 of sales proceeds, plus or
  minus apportionments or adjustments in accordance with the Agreement, will be
  paid to an affiliate of the General Partner in full satisfaction of the second
  mortgage loans and unsecured third mortgage loan.  This represents a discount
  of approximately $2,070,000 from the outstanding balance of the affiliated
  loans and accrued interest thereon.  The Partnership will not receive any
  proceeds from the sale of the Properties. 
  
  Neither the General Partner nor its affiliates will receive a commission in
  connection with the sale of the Property.
  
  Two apartment complexes adjacent to the Properties owned by an affiliate of the
  General Partner are under contract to be sold to the Purchaser and are expected
  to be sold simultaneous with the Properties.  A default under either contract
  is a default under the other contract.  If the contract for the adjacent
  properties is terminated by the Purchaser, the Partnership and the Purchaser
  each have the right to terminate the Agreement.   
  
  The Closing of the sale of the Properties is subject to the satisfaction of
  numerous terms and conditions.  There can be no assurance that all of the terms
  and conditions will be complied with and, therefore, it is possible that the
  sale of the Properties may not occur.
  
  
  ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS
  
       (A)  FINANCIAL STATEMENTS:
  
            None
  
       (B)  PRO FORMA FINANCIAL INFORMATION:
  
            None
  
       (C)  EXHIBITS:
  
            (2) Agreement of Sale relating to the sale of Ridgepoint Hill and
            Ridgepoint View apartment complexes, Dallas, Texas.
  
       No information is required under Items 1, 3, 4, 5, 6 and 8 and these items
  have, therefore, been omitted.
  
  Signature
  
       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.
  
                                BALCOR REALTY INVESTORS-84
  
                                By:  Balcor Partners-XV,                          
                                     general partner
  
                                By:  RGF-Balcor Associates-II,
                                     a partner
  
                                By:  The Balcor Company,
                                     a partner
  
                                By: /s/  Jerry M. Ogle
                                    -----------------------------
                                    Jerry M. Ogle, Vice President 
                                    and Secretary
  
  Dated: July 21, 1994
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metadata_filer: {"company-data": {"conformed-name": "BALCOR REALTY INVESTORS 84", "cik": "0000726927", "assigned-sic": "6500", "irs-number": "363215399", "state-of-incorporation": "IL", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-13349", "film-number": "94539637"}, "business-address": {"street1": "4849 GOLF ROAD", "city": "SKOKIE", "state": "IL", "zip": "60077", "phone": "7086772900"}, "mail-address": {"street1": "4849 GOLF ROAD", "city": "SKOKIE", "state": "IL", "zip": "60077"}}
text: SECURITIES AND EXCHANGE COMMISSION
                                WASHINGTON, DC 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) July 8, 1994
  
                             BALCOR REALTY INVESTORS-84
                              Exact Name of Registrant
  
  Illinois                                0-13349               
  State or other jurisdiction             Commission File Number
  of organization
  
  Balcor Plaza
  4849 Golf Road
  Skokie, Illinois                        36-3215399                
  Address of principal                    I.R.S. Employer 
  executive offices                       Identification
                                          
  60077                         
  Zip Code
  
                Registrant's telephone number, including area code:
                                   (708) 677-2900
  
  ITEM 2.  ACQUISITION OR DISPOSITION OF ASSETS
  
  Ridgepoint Hill Apartments and Ridgepoint View Apartments
  
  In 1983 the Partnership acquired the Ridgepoint Hill and Ridgepoint View
  apartment complexes in Dallas, Texas (together, the "Properties"), utilizing
  $4,947,990 and $5,028,040 of offering proceeds, respectively.   The Properties
  are owned subject to first mortgage loans from an unaffiliated lender in the
  amounts of $6,186,000 and $6,352,000, respectively, second mortgage loans from
  an affiliate in the amounts of $3,000,000 and $3,345,000, respectively, and an
  unsecured loan of $408,597 from an affiliate relating to Ridgepoint Hill
  Apartments.
  
  On July 8, 1994, the Partnership executed an Agreement of Sale ("Agreement") to
  sell the Properties to an unaffiliated party, Berkshire Realty Company, Inc., a
  Delaware corporation, ("Purchaser") for a sale price of $18,659,285.  The
  Purchaser deposited $250,000 into an escrow account as earnest money, with the
  remaining $18,409,285, plus or minus prorations, payable upon closing,
  scheduled for August 17, 1994 ("Closing").  At Closing, the Partnership will
  pay approximately $12,538,000 in full satisfaction of the first mortgage loans
  collateralized by the Properties and $186,593 to an unaffiliated party as a
  brokerage commission.  The remaining $5,934,692 of sales proceeds, plus or
  minus apportionments or adjustments in accordance with the Agreement, will be
  paid to an affiliate of the General Partner in full satisfaction of the second
  mortgage loans and unsecured third mortgage loan.  This represents a discount
  of approximately $2,070,000 from the outstanding balance of the affiliated
  loans and accrued interest thereon.  The Partnership will not receive any
  proceeds from the sale of the Properties. 
  
  Neither the General Partner nor its affiliates will receive a commission in
  connection with the sale of the Property.
  
  Two apartment complexes adjacent to the Properties owned by an affiliate of the
  General Partner are under contract to be sold to the Purchaser and are expected
  to be sold simultaneous with the Properties.  A default under either contract
  is a default under the other contract.  If the contract for the adjacent
  properties is terminated by the Purchaser, the Partnership and the Purchaser
  each have the right to terminate the Agreement.   
  
  The Closing of the sale of the Properties is subject to the satisfaction of
  numerous terms and conditions.  There can be no assurance that all of the terms
  and conditions will be complied with and, therefore, it is possible that the
  sale of the Properties may not occur.
  
  ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS
  
       (A)  FINANCIAL STATEMENTS:
  
            None
  
       (B)  PRO FORMA FINANCIAL INFORMATION:
  
            None
  
       (C)  EXHIBITS:
  
            (2) Agreement of Sale relating to the sale of Ridgepoint Hill and
            Ridgepoint View apartment complexes, Dallas, Texas.
  
       No information is required under Items 1, 3, 4, 5, 6 and 8 and these items
  have, therefore, been omitted.
  
  Signature
  
       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.
  
                                BALCOR REALTY INVESTORS-84
  
                                By:  Balcor Partners-XV,                          
                                     general partner
  
                                By:  RGF-Balcor Associates-II,
                                     a partner
  
                                By:  The Balcor Company,
                                     a partner
  
                                By: /s/  Jerry M. Ogle
                                    -----------------------------
                                    Jerry M. Ogle, Vice President 
                                    and Secretary
  
  Dated: July 21, 1994