Form 8-K - CURRENT REPORT

                                  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: June 27, 2002

                              McCombs Realty Partners
               (Exact name of registrant as specified in its charter)


             California               0-14570                33-0068732
    (State or other jurisdiction     (Commission          (I.R.S. Employer
          of incorporation)          File Number)          Identification
                                                               Number)


                                55 Beattie Place
                              Post Office Box 1089
                        Greenville, South Carolina 29602
                      (Address of principal executive offices)


         Registrant's telephone number, including area code (864) 239-1000

                                       N/A

                   (Former address, if changed since last report)












Item 4.    Changes in Registrant's Certifying Accountant


As of June 27, 2002, KPMG LLP the independent  accountant  previously engaged as
the principal  accountant to audit the  financial  statements of McCombs  Realty
Partners (the "Registrant" or the "Partnership"), was terminated. As of the same
date,  the firm of Ernst & Young LLP was  engaged to provide the service for the
Registrant.

The audit report of KPMG LLP on the financial  statements of the  Partnership as
of and for the year ended December 31, 2001 did not contain any adverse  opinion
or  disclaimer of opinion,  nor was it qualified or modified as to  uncertainty,
audit scope or accounting principles.  The audit report of KPMG LLP for the year
ended  December 31, 2000 did not contain any adverse  opinion or  disclaimer  of
opinion,  nor was it  qualified  or  modified  as to audit  scope or  accounting
principles.  Except,  however  the 2000  audit  report  was  modified  as to the
uncertainty of the Partnership to continue as a going concern.

The decision to change accountants was approved by the board of directors of the
general partner of the Partnership on June 27, 2002.

During the Partnership's two most recent fiscal years and any subsequent interim
period  preceding  the  change,  there  were no  disagreements  with the  former
accountants  on any matter of  accounting  principles  or  practices,  financial
statement disclosure,  or auditing scope or procedure,  which disagreements,  if
not resolved to the satisfaction of the former accountants, would have caused it
to make reference to the subject matter of the  disagreements in connection with
its report.

The Registrant has provided a copy of this disclosure to the former  accountant,
and the Registrant  requested that the former accountant  furnish the Registrant
with a letter  addressed  to the  Securities  and  Exchange  Commission  stating
whether it agrees  with the  statements  made by the  Registrant,  and,  if not,
stating  the  respects  in  which  it  does  not  agree.  A copy  of the  former
accountant's  response  indicating  agreement  is included as an exhibit to this
report.

Item 7.    Financial Statements and Exhibits

   (c)     Exhibits

           16.1   Letter  dated  June  27,  2002  from  the  former   accountant
                  regarding  its  concurrence  with the  statements  made by the
                  Registrant in this Current Report.







                                    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.



                             MCCOMBS REALTY PARTNERS


                                 By:     CRPTEX, INC.
                                         General Partner

                                 By:     /s/Patrick J. Foye
                                         Patrick J. Foye
                                         Executive Vice President

                                 Date:   July 3, 2002









                                                                  Exhibit 16.1





June 27, 2002



Office of the Chief Accountant
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C.  20549

Dear Ladies and Gentlemen:

We were previously principal  accountants for McCombs Realty Partners and, under
the date of  February  28,  2002,  we reported on the  financial  statements  of
McCombs Realty Partners as of December 31, 2001 and for the years ended December
31, 2001 and 2000. On June 27, 2002, our  appointment  as principal  accountants
was terminated.  We have read McCombs Realty Partners' statements included under
Item 4 of its Form 8-K dated June 27, 2002,  and we agree with such  statements,
except that we are not in a position to agree or disagree  with  McCombs  Realty
Partners'  statement  that the change was  approved by the board of directors of
the general partner of the Partnership.

Very truly yours,


KPMG LLP
Greenville, South Carolina