Berkshire Income Realty Op LP – ‘3’ for 4/4/03 re: Krupp Insured Plus Ltd. Partnership

On:  Monday, 4/14/03, at 11:00am ET   ·   For:  4/4/03   ·   Accession #:  950142-3-710   ·   File #:  0-15815

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Initial Statement of Beneficial Ownership of Securities by an Insider   —   Form 3   —   SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 3           Init. Stmt of Beneficial Ownership of Securities       5     22K 

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 U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 3

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, 
Section 17(a) of the Public Utility Holding Company Act of 1935 or
 Section 30(h) of the Investment Company Act of 1940

(Print or Type Responses)                                                       
________________________________________________________________________________
1.   Name and Address of Reporting Person*                                      

Berkshire Income Realty-OP, L.P.                                      
--------------------------------------------------------------------------------
(Last)                            (First)              (Middle)           

One Beacon Street, Suite 1500                                         
--------------------------------------------------------------------------------
(Street)

Boston                            MA                   02108          
--------------------------------------------------------------------------------
(City)                            (State)                (Zip)            

________________________________________________________________________________
2.   Date of Event Requiring Statement (Month/Day/Year)                         

4/4/2003                                                              
________________________________________________________________________________
3.   IRS Identification Number of Reporting Person, if an Entity (Voluntary)    

________________________________________________________________________________
4.   Issuer Name and Ticker or Trading Symbol                                   

Krupp Insured Plus Limited Partnership                                
________________________________________________________________________________
5.   Relationship of Reporting Person to Issuer                                 
(Check all applicable)                                                

[_]  Director                             [X]  10% Owner              
[_]  Officer (give title below)           [_]  Other (specify below)  

________________________________________________________________________________
6.   If Amendment, Date of Original (Month/Day/Year)                            

________________________________________________________________________________
7.   Individual or Joint/Group Filing  (Check applicable line)                  

[_]  Form Filed by One Reporting Person                               
[X]  Form Filed by More than One Reporting Person                     

================================================================================
 TABLE I -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
================================================================================

                                                        [Enlarge/Download Table]

                                                                 3. Ownership Form:                                                 
                                      2. Amount of Securities       Direct (D) or                                                   
1. Title of Security                     Beneficially Owned         Indirect (I)       4. Nature of Indirect Beneficial Ownership   
   (Instr. 4)                            (Instr. 4)                 (Instr. 5)            (Instr. 5)                                
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Depositary Receipts                     2,225,157                   D                    N/A                                        
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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
5(b)(v).                                                              

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 CONTROL  
NUMBER.                                                                         

                                                                          (Over)
                                                                 SEC 1473 (7-02)
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FORM 3 (continued)                                                              

TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)

================================================================================

                                                        [Enlarge/Download Table]

                                                                                                        5. Owner-                   
                                                    3. Title and Amount of Securities                      ship                     
                                                       Underlying Derivative Security                      Form of                  
                         2. Date Exercisable           (Instr. 4)                                          Derivative               
                            and Expiration Date     ---------------------------------    4. Conver-        Security:                
                            (Month/Day/Year)                               Amount           sion or        Direct      6. Nature of 
                         ----------------------                            or               Exercise       (D) or         Indirect  
                         Date       Expira-                                Number           Price of       Indirect       Beneficial
1. Title of Derivative   Exer-      tion                                   of               Derivative     (I)            Ownership 
   Security (Instr. 4)   cisable    Date            Title                  Shares           Security       (Instr. 5)     (Instr. 5)
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Explanation of Responses:  See pages 4-5 attached.                              

BERKSHIRE INCOME REALTY-OP, L.P.                                                

By: BIR GP, L.L.C., its general partner                                         

By: Berkshire Income Realty, Inc., its sole member                              

 /s/ David C. Quade                                       April 14, 2003
---------------------------------------------            -----------------------
**Signature of Reporting Person                             Date    
Name:    David C. Quade                                         
Title:   President                                              

**   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 provided is insufficient, see Instruction 6 for procedure.

POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED 
IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY   
VALID OMB CONTROL NUMBER.                                                       

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CONTINUATION SHEET TO FORM 3
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Name and Address of Reporting Person:         Berkshire Income Realty-OP, L.P.  
                                         One Beacon Street, Suite 1500
                            Boston, MA 02108

Issuer Name and Ticker or Trading Symbol:     Krupp Insured Plus Limited        
                       Partnership

Date of Event Requiring Statement:            April 4, 2003                     

--------------------------------------------------------------------------------

OTHER REPORTING PERSONS:                      SIGNATURES OF REPORTING PERSONS:  
-----------------------                       -------------------------------   

Berkshire Income Realty, Inc. (1)             BERKSHIRE INCOME REALTY, INC.     
One Beacon Street, Suite 1500                                                   
Boston, MA 02108                              By:  /s/ David C. Quade           
                                                 -------------------------------
                                   Name:    David C. Quade
                              Title:   President

BIR GP, L.L.C. (2)                            BIR GP, L.L.C.                    
One Beacon Street, Suite 1500                                                   
Boston, MA 02108                              By: Berkshire Income Realty, Inc.,
                           its sole member

                                   By:  /s/ David C. Quade
                                                 -------------------------------
                                   Name:    David C. Quade
                              Title:   President

KRF Company, L.L.C. (3)                       KRF COMPANY, L.L.C.               
One Beacon Street, Suite 1500                                                   
Boston, MA 02108                              By: The Krupp Family Limited      
                                     Partnership - 94,
                                   its sole member

                                  By:  /s/ Douglas Krupp
                                                 -------------------------------
                                  Name:    Douglas Krupp
                                    Title:   General Partner

                                    By:  /s/ George D. Krupp
                                                 -------------------------------
                                    Name:    George D. Krupp
                                    Title:   General Partner

The Krupp Family Limited                      THE KRUPP FAMILY LIMITED          
Partnership - 94 (4)                           PARTNERSHIP - 94           
One Beacon Street, Suite 1500                                                   
Boston, MA 02108                              By:  /s/ Douglas Krupp            
                                                 -------------------------------
                                  Name:    Douglas Krupp
                                    Title:   General Partner

                                    By:  /s/ George D. Krupp
                                                 -------------------------------
                                    Name:    George D. Krupp
                                    Title:   General Partner

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CONTINUATION SHEET TO FORM 3
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Name and Address of Reporting Person:        Berkshire Income Realty-OP, L.P.   
                                       One Beacon Street, Suite 1500
                          Boston, MA 02108

Issuer Name and Ticker or Trading Symbol:    Krupp Insured Plus Limited         
                     Partnership

Date of Event Requiring Statement:           April 4, 2003                      

--------------------------------------------------------------------------------

The George Krupp 1980 Family Trust (5)       THE GEORGE KRUPP 1980 FAMILY TRUST 
One Beacon Street, Suite 1500                                                   
Boston, MA 02108                             By:  /s/ Lawrence I. Silverstein   
                                                --------------------------------
                                          Name:    Lawrence I. Silverstein
                          Title:   Trustee

The Douglas Krupp 1980 Family Trust (5)      THE DOUGLAS KRUPP 1980 FAMILY TRUST
One Beacon Street, Suite 1500                                                   
Boston, MA 02108                             By:  /s/ Lawrence I. Silverstein   
                                                --------------------------------
                                          Name:    Lawrence I. Silverstein
                          Title:   Trustee

George D. Krupp (6)                                                             
c/o Berkshire Income Realty, Inc.            /s/ George D. Krupp                
One Beacon Street, Suite 1500                -----------------------------------
Boston, MA 02108                             GEORGE D. KRUPP                    

Douglas Krupp (6)                                                               
c/o Berkshire Income Realty, Inc.            /s/ Douglas Krupp                  
One Beacon Street, Suite 1500                -----------------------------------
Boston, MA 02108                             DOUGLAS KRUPP                      

Explanation of Responses:                                                       

(1)      In connection with the April 4, 2003 closing of Berkshire Income       
Realty's ("BIR") offer to exchange shares of its 9% Series A Cumulative         
Redeemable Preferred Stock, liquidation value $25 per share ("Preferred Stock"),
for units of depositary receipts representing units of limited partner interests
("Interests") of Krupp Insured Plus Limited Partnership ("KIP"), BIR acquired   
approximately 2,225,157 Interests of KIP. On April 4, 2003, BIR contributed such
Interests to Berkshire Income Realty-OP, L.P. ("BIR-OP") in exchange for 100% of
the preferred limited partnership interests in BIR-OP. BIR also owns 100% of the
limited liability company interests of BIR GP, L.L.C., the general partner of   
BIR-OP. By virtue of such interests, BIR may be deemed to beneficially own      
indirectly the Interests of KIP owned by BIR-OP.                                

(2)      BIR GP, L.L.C. owns 100% of the general partnership interests in       
BIR-OP, and by virtue of such interest, BIR GP, L.L.C. may be deemed to         
beneficially own indirectly the Interests of KIP owned by BIR-OP.               

(3)      KRF Company, L.L.C. owns 100% of the common limited partnership        
interests in BIR-OP and 100% of the common stock of BIR, and by virtue of such  
interests, KRF Company, L.L.C. may be deemed to beneficially own indirectly the 
Interests of KIP owned by BIR-OP.                                               

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CONTINUATION SHEET TO FORM 3
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Name and Address of Reporting Person:         Berkshire Income Realty-OP, L.P.  
                                         One Beacon Street, Suite 1500
                            Boston, MA 02108

Issuer Name and Ticker or Trading Symbol:     Krupp Insured Plus Limited        
                       Partnership

Date of Event Requiring Statement:            April 4, 2003                     

--------------------------------------------------------------------------------

(4)      The Krupp Family Limited Partnership - 94 owns 100% of the limited     
liability company interests in KRF Company, L.L.C., and by virtue of such       
interest, The Krupp Family Limited Partnership - 94 may be deemed to            
beneficially own indirectly the Interests of KIP owned by BIR-OP.               

(5)      Each of The Douglas Krupp 1980 Family Trust and The George Krupp 1980  
Family Trust owns 50% of the limited partnership interests in The Krupp Family  
Limited Partnership - 94, and by virtue of such interests, The Douglas Krupp    
1980 Family Trust and The George Krupp 1980 Family Trust each may be deemed to  
beneficially own indirectly the Interests of KIP owned by BIR-OP. The trustees  
of The Douglas Krupp 1980 Family Trust are Paul Krupp, Lawrence Silverstein and 
Vincent O'Reilly, and the trustees of The George Krupp 1980 Family Trust are    
Paul Krupp and Lawrence Silverstein. Each of the trustees of The Douglas Krupp  
1980 Family Trust and The George Krupp 1980 Family Trust disclaims beneficial   
ownership of any such Interests of KIP that are or may be deemed to be          
beneficially owned by Douglas Krupp, George D. Krupp, The Douglas Krupp 1980    
Family Trust or The George Krupp 1980 Family Trust.                             

(6)      The general partners of The Krupp Family Limited Partnership - 94 are  
George D. Krupp and Douglas Krupp, each of whom owns 50% of the general partner 
interests in The Krupp Family Limited Partnership - 94, and by virtue of such   
interests, George D. Krupp and Douglas Krupp each may be deemed to beneficially 
own indirectly the Interests of KIP owned by BIR-OP.                            

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Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘3’ Filing		Date		First		Last			Other Filings
		1/31/05		1
Filed on:		4/14/03		2					3,  SC 13D
For Period end:		4/4/03		3		5			3,  3/A
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