SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

CROCKER THOMAS J

(Last)

(First)

(Middle)

225 N.E. MIZNER BLVD., STE. 200

(Street)

BOCA RATON

33432

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CRT PROPERTIES INC [ CRO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/27/2005

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	09/27/2005		A⁽¹⁾		48,004.31	A	$27.8⁽¹⁾⁽³⁾	390,005.51	D
Common Stock	09/27/2005		A⁽¹⁾		484.89	A	$27.8⁽¹⁾⁽³⁾	390,490.4	I	through CTA Broward Ltd.
Common Stock	09/27/2005		A⁽¹⁾		484.6	A	$27.8⁽¹⁾⁽³⁾	390,975	I	through CTA Properties Inc.
Common Stock	09/27/2005		U⁽²⁾		390,005.51	D	$27.8	969.49	D
Common Shares	09/27/2005		U⁽¹⁾		484.89	D	$27.8	484.6	I	through CTA Broward Ltd.
Common Shares	09/27/2005		U⁽¹⁾		484.6	D	$27.8	0	I	through CTA Properties Inc.

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Class C Partnership Units of CRT BFC, Ltd	⁽¹⁾⁽³⁾	09/27/2005		U			48,004.31	⁽³⁾	⁽³⁾	Common Stock	48,004.31	$27.8	783,118.419	D
Class C Partnership Units of BFC Ltd.	⁽¹⁾⁽³⁾	09/27/2005		U			484.89	⁽³⁾	⁽³⁾	Common Shares	484.89	$27.8	782,633.529	I	through CTA Broward Ltd.
Class C Partnership Units of CRT BFC, Ltd.	⁽¹⁾⁽³⁾	09/27/2005		U			484.6	⁽³⁾	⁽³⁾	Common Shares	484.6	$27.8	782,148.929	I	through CTA Properties Inc.
2002 Long Term Incentive Plan Units	⁽⁴⁾	09/27/2005		U			20,362.679	⁽⁴⁾	⁽⁴⁾	Common Stock	20,362.679	$27.8	761,786.25	D
Common Stock Option	$16.0625	09/27/2005		U⁽²⁾			700,000	02/17/2001	02/17/2010	Common Stock	700,000	$27.8	61,786.25	D

Explanation of Responses:

1. In connection with the merger described in note 2 below, the partnership units were redeemed by the general partner for shares of CRT Properties, Inc., which were then converted in the merger into the right to receive $27.80 per share plus accrued but unpaid dividends.

2. On September 27, 2004, CRT Properties, Inc. merged with and into DRA CRT Acquisition Corp. pursuant to the terms of an Agreement and Plan of Merger, dated June 17, 2005. In connection with the merger, (i) each share of common stock was converted into the right to receive $27.80 in cash plus accrued but unpaid dividends, (ii) each option to purchase common stock was converted into the right to receive $27.80 in cash less the exercise price of such option, and (iii) the vesting of all restricted stock and long-term incentive awards was accelerated.

3. Upon tender of partnership units for redemption, the units must be redeemed for cash by the partnership unless the general partner, an affiliate of CRT Properties, Inc., chooses at its discretion to purchase the units for cash or for CRT Properties, Inc. common stock (on a one-for-one basis, as adjusted for dividends, splits and similar events ), or a combination of cash and stock.

4. The vesting of all 2002 Long Term Investment Plan units was accelerated in connection with the merger described in note 2 above and all units were converted into the right to receive the merger consideration.

	/s/ Thomas J. Crocker	09/29/2005
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.