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                                   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 (Date of earliest event reported) June 9, 2003
                                                        (June 9, 2003)
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                        Wellsford Real Properties, Inc.
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               (Exact Name of Registrant as Specified in Charter)


         Maryland                   1-12917                    13-3926898
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(State or Other Jurisdiction      (Commission                (IRS Employer
      of Incorporation)           File Number)             Identification No.)


         535 Madison Avenue, New York, New York                 10022
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         (Address of Principal Executive Offices)              (Zip Code)


                            (212) 838-3400
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         (Registrant's Telephone Number, Including Area Code)


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          (Former Name or Former Address, if Changed Since Last Report)

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Item 7.  Financial Statements and Exhibits.

    (c)  Exhibits

         99.1  Wellsford Real Properties, Inc. (the  "Company") press release
               issued June 9, 2003.

Item 9.  Regulation FD Disclosure.

The Company is furnishing under Item 9 of this Current Report on Form 8-K:

          (i)  Exhibit 99.1 consisting of a copy of the press release issued
               June 9, 2003 announcing changes to the board of directors.

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                                   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.



                                          WELLSFORD REAL PROPERTIES, INC.


                                          By: /s/ James J. Burns
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                                             James J. Burns
                                             Senior Vice President, Chief
                                             Financial Officer

Date:  June 9, 2003

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