8-K

                       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): June 26, 2000
                                                  -------------------


                                 MGI PROPERTIES
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             (Exact name of registrant as specified in its charter)


    Massachusetts                   1-6833           04-6268740
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(State or other jurisdiction   (Commission       (IRS Employer
     of incorporation)         File Number)   Identification No.)


           50 Congress Street, Suite 222, Boston, Massachusetts 02109
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                    (Address of Principal Executive Offices)


Registrant's telephone number, including area code: (617) 248-2300
                                                    ---------------------------





Item 5.  Other Events.

                  On June 26, 2000,  MGI  Properties  (NYSE:  MGI) (the "Trust")
announced  that the  previously  announced  agreement  to sell two of its  three
remaining  properties has been terminated and that the Trust has entered into an
agreement to sell another  property.  For additional  information,  reference is
made to the news  release  which is  incorporated  herein  by  reference  and is
attached hereto as Exhibit 99.1.

Item 7.  Financial Statements, Pro Forma Financial Information and
         Exhibits.

         (c) Exhibits

         Exhibit No.       Exhibit

           99.1            Press Release dated June 26, 2000.



                                       -2-



                                   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.


                                           MGI PROPERTIES
                                           (Registrant)



Dated: June 27, 2000                    By:/s/ Phillip C. Vitali
                                           -------------------------------------
                                           Name:  Phillip C. Vitali
                                           Title: Executive Vice President
                                                    and Treasurer
                                                  (Principal Financial and
                                                  Accounting Officer)




                                       -3-




                                  EXHIBIT INDEX


99.1              Press Release dated June 26, 2000.

EX-99.1

FOR IMMEDIATE RELEASE


June 26, 2000


MGI PROPERTIES ("MGI")
UPDATES STATUS OF SALE AGREEMENT


            BOSTON,  MASSACHUSETTS.  . . .W. Pearce Coues, Chairman of the Board
of Trustees of MGI Properties  (NYSE:MGI),  stated that the previously announced
agreement to sell two of its three remaining properties,  an office building and
an adjacent property,  both located in Tampa, Florida, has been terminated.  Mr.
Coues also stated that MGI has entered  into an  agreement to sell the one other
property owned by MGI, a shopping center located in Temple Terrace, Florida. The
sale agreement is subject to the customary terms and conditions for transactions
of  this  type,  including,  among  other  things,  the  respective  purchaser's
satisfactory   completion  of  due  diligence,   engineering  and  environmental
inspections,  and approval of titles and surveys.  Accordingly,  there can be no
assurance that this sale will be successfully completed.


                                      # # #


For further information contact:
Phillip C. Vitali, Executive Vice President and Treasurer (617) 248-2300


            This Press Release contains  forward-looking  statements  within the
meaning of Section  27A of the  Securities  Act of 1933 and  Section  21E of the
Securities Exchange Act of 1934. These forward-looking  statements are dependent
on a number of factors  which could cause  actual  results to differ  materially
from those expressed or implied in the forward-looking  statements. Such factors
include, among other things, the risks of future action or inaction by the Board
of Trustees  with  respect to the Plan of  Liquidation  (and the actual  results
thereof),  including the possibility of litigation  pertaining thereto;  the net
realizable  value  of and the  timing  of the  sales  of the  Trust's  remaining
properties  during  the  course of the  liquidation;  the  amount  and timing of
liquidating distributions;  changes in national and local economic and financial
market conditions, as well as those factors set forth in MGI's Form 10-K for the
year ended November 30, 1999,  including those set forth under  "Forward-Looking
Statements,"  "Other" and Item 1 - "Adoption and  Implementation  of Liquidation
Plan," and the Form 10-Q for the quarter ended February 29, 2000.