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

~~January 16,~~July 15, 2015

Date of Report (Date of Earliest Event Reported)

Rancon Realty Fund V,
a California limited partnership

(Exact name of registrant as specified in its charter)

California

(State or Other Jurisdiction of Incorporation)

0-16467		33-0098488
(Commission File Number)		(IRS Employer Identification No.)

400 South El Camino Real, Suite 1100, San Mateo, California 94402-1708
(Address of principal executive offices) (Zip Code)

(650) 343-9300

(Fund’s Telephone Number, Including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

£¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR § 230.425)

£¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR § 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR § 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR § 240.13e-4(c))

Item 12.0102 ~~Entry~~Results ~~Into~~of aOperations ~~Material~~and ~~Definitive~~Financial ~~Agreement~~Condition.

On ~~January~~or 16around July 15, 2015, Rancon Realty Fund V, a California limited partnership (the “Partnership”), ~~together~~will ~~with~~mail ~~Rancon~~to ~~Realty~~its ~~Fund~~limited ~~V Subsidiary,~~partners ~~LLC,~~ a ~~Delaware~~letter ~~limited~~describing ~~liability~~the ~~company~~Partnership’s ~~(“Fund~~results Vof ~~Subsidiary”)~~operations and ~~Rancon~~financial ~~Realty~~condition ~~Fund~~for Vthe ~~Subsidiary~~year ~~Two, LLC,~~ended aDecember ~~Delaware limited liability company (“Fund V Subsidiary Two”)~~31, ~~entered into a Purchase~~ 2014 and ~~Sale Agreement (~~the ~~“PSA”)~~quarter ~~with~~ended ~~TriCity~~March ~~Grand Avenue Partners~~31, ~~LLC~~2015, ~~a Delaware limited liability company (“Buyer”), to sell fifteen (15) improved~~ and ~~unimproved~~providing ~~properties~~an ~~located~~update inon the ~~Tri-City~~status ~~Corporate Centre in San Bernardino, California (the “Properties”). Ownership~~ of the ~~Properties~~liquidation isand ~~currently~~dissolution asof ~~follows:~~ the Partnership ~~owns one (1) improved parcel and six (6) unimproved parcels; Fund V Subsidiary owns four (4) improved parcels; and Fund V Subsidiary Two owns four (4) improved parcels~~. ~~The purchase price for the Properties is $67,150,000, subject to adjustments and prorations. Payment~~ ofA ~~the~~copy ~~purchase price includes two earnest money deposits, each~~ of ~~$945,000,~~ the ~~second~~letter ofto ~~which~~limited ispartners ~~due at the end of Buyer’s due diligence period. The closing of the sale of the Properties~~ is ~~expected~~furnished towith ~~occur~~this inForm ~~approximately~~8-K ~~eight~~as ~~weeks~~Exhibit 99.1.

~~The~~Item PSA contains customary conditions, representations, warranties and agreements by the parties, and the consummation of the sale of the Properties is also subject to the concurrent closing of the sale to Buyer of five (5) other improved properties in the Tri-City Corporate Centre, owned either by Rancon Realty Fund IV, a California limited partnership (“Fund IV”) or a subsidiary of Fund IV7.01 ~~Fund IV and~~Regulation ~~such~~FD ~~subsidiary are affiliates of the Partnership as Fund IV has the same general partner as the Partnership~~Disclosure.

~~____________________~~See Item 2.02 above.

Certain statements contained in this Current Report, other than historical facts, may be considered 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. Such statements include, in particular, statements about future performance and are subject to certain risks and uncertainties, as well as known and unknown risks, which could cause actual results to differ materially from those projected or anticipated. Forward-looking statements are not intended to be a guaranty of the Partnership’s performance in future periods. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as “may,” “possible,” “will,” “can,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date that this Current Report is filed with the Securities and Exchange Commission. Neither the Partnership nor its general partners make any representations or warranties (expressed or implied) about the accuracy of any such forward-looking statements. Actual results could differ materially from any forward-looking statements contained in this Current Report. This Current Report is neither an offer of nor a solicitation to purchase securities.____________________

~~SIGNATURES~~Certain statements contained in this Report, other than historical facts, may be considered 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. Such statements include, in particular, statements about future events and are subject to certain risks and uncertainties, as well as known and unknown risks, which could cause actual events to differ materially from those anticipated. Readers are referred to the risk factors disclosed under Item 1A of Part I in the Partnership’s December 31, 2014 Annual Report on Form 10-K and under the caption “Risk Factors” in the Partnership’s Proxy Consent Solicitation Statement dated April 21, 2014. Forward-looking statements are not intended to be a guaranty of future events. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as “may,” “possible,” “will,” “can,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date that this Current Report is filed with the Securities and Exchange Commission. Neither the Partnership nor the General Partners make any representations or warranties (expressed or implied) about the accuracy of any such forward-looking statements. Actual events could differ materially from any forward-looking statements contained in this Current Report. This Current Report is neither an offer of nor a solicitation to purchase securities.

~~Pursuant~~The toinformation in this Report, including the ~~requirements~~attached letter, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, (“Exchange Act”) or otherwise subject to the ~~Partnership~~liability ~~has~~of ~~duly~~that ~~caused~~Section, ~~this~~nor ~~report~~shall toit be deemed ~~signed~~incorporated onby ~~its~~reference ~~behalf~~in byany filing under the ~~undersigned~~Securities Act ~~hereunto~~of ~~duly~~1933 ~~authorized~~or the Exchange Act, except as shall be set forth by specific reference in such filing.

~~RANCON~~Item ~~REATLY~~9.01 ~~FUND V, a California limited partnership By Rancon~~ Financial ~~Corporation,~~Statements ~~The~~and ~~General Partner By /s/ Daniel L~~Exhibits. ~~Stephenson Daniel L. Stephenson President And /s/ Daniel L. Stephenson Daniel L. Stephenson General Partner~~

~~Date:~~(d) ~~January 22, 2015~~Exhibits

99.1

Letter to limited partners of the Partnership, dated July 15, 2015.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Partnership has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	RANCON REALTY FUND V,
	a California limited partnership


	By	Rancon Financial Corporation,
		The General Partner


	By	/s/ Daniel L. Stephenson
		Daniel L. Stephenson
		President


	And	/s/ Daniel L. Stephenson
		Daniel L. Stephenson
		General Partner

Date: July 15, 2015

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INDEX TO EXHIBITS

Exhibit

Description

99.1

Letter to limited partners of the Partnership, dated July 15, 2015.

Filing Compare · RANCON REALTY FUND V