UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

~~May~~June 297, 2011 Date of Report (Date of earliest event reported)

CORNERSTONE REALTY FUND, LLC

(Exact name of registrant as specified in its charter)


California	000-51868	33-0827161
(State of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification Number)

1920 Main Street., Suite 400 Irvine, California 92614 ~~(Address of principal executive offices)~~

(~~949) 852-1007 (Registrant’s~~Address ~~telephone~~of ~~number,~~principal ~~including~~executive ~~area code~~offices)

~~Not Applicable~~ (~~Former name or former address, if changed since last report~~949) 852-1007

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

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

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14d-2(b)

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

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

~~Item 5~~ITEM 1.0701 ~~Submission~~ENTRY ofINTO ~~Matters~~A toMATERIAL aDEFINITIVE ~~Vote of Security Holders~~AGREEMENT

On ~~April~~June 17, 2011, we, ~~commenced~~through a ~~solicitation~~wholly-owned ofsubsidiary, ~~written~~became ~~consents~~obligated ~~from~~under ~~the~~a ~~holders~~purchase ~~of our~~and ~~units~~sale ofagreement ~~limited liability company interest~~ (~~our~~the “~~Unitholders~~Agreement”) toin ~~approve~~connection awith ~~proposed~~the ~~plan~~sale of ~~liquidation~~ ofall ~~our~~the ~~company~~real ~~(the~~estate ~~“Plan~~properties of ~~Liquidation~~Cornerstone ~~Proposal”)~~Realty ~~without~~Fund (the ~~necessity of holding a~~ ~~special~~“Portfolio”), ~~meeting~~by ofBirtcher ~~the~~Anderson ~~Unitholders.~~Realty, ~~Pursuant~~LLC to(“Buyer”), ~~the~~a ~~same~~non-related ~~consent statement~~party, wefor ~~also~~a ~~solicited~~purchase ~~the~~price ~~consent~~ of ~~our~~approximately ~~Unitholders~~$26.4 million. toExcept ~~permit~~with ~~the~~respect ~~managing member~~ to ~~adjourn~~specific contingencies, the ~~proposal~~Buyer ~~determination~~does ~~date~~not ~~for~~have the ~~Plan~~right ~~of Liquidation Proposal, if necessary,~~ to ~~permit~~terminate ~~further solicitations of consents if there are not sufficient consents upon~~ the ~~proposal~~agreement ~~determination~~without ~~date~~our ~~to approve Plan of Liquidation Proposal (the “Adjournment Proposal”)~~consent.

The ~~consent~~material ~~solicitation~~terms ~~was~~of ~~completed~~the Agreement provide for: (i) an initial deposit from the Buyer in the amount of $500,000 that funded immediately upon execution of the Agreement and shall be credited to the purchase price of the property and is non-refundable except in limited circumstances; (ii) a property inspection period that expires thirty days after the execution date of the Agreement during which time the Buyer can terminate the Agreement at any time within the period by delivering written notice to us; (iii) a closing date for the sale of the property that shall occur on ~~May~~or before August 291, 2011. The Agreement also contains additional covenants, representations and warranties ~~the~~that ~~results~~are ~~were~~customary asof ~~follows:~~real estate purchase and sale agreements.

1. Plan of Liquidation Proposal

For		Against		Abstain
57,819		7,794		2,439

The affirmative consent of a majority of the outstanding units of limited liability company interest (“Units”) was required to approve the Plan of Liquidation Proposal. On March 30, 2011, the record date for the consent solicitation, there were 98,670 Units outstanding. As shown in the table above, as of May 29, 2011, we had received affirmative consents from holders of a majority of the Units approving the Plan of Liquidation Proposal.

2. Adjournment Proposal

Because we had received sufficient consents to approve the Plan of Liquidation Proposal as of May 29, 2011, consent to the Adjournment Proposal was not required.

SIGNATURE

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

CORNERSTONE REALTY FUND, LLC By: CORNERSTONE INDUSTRIAL PROPERTIES, LLC Its Managing Member By: CORNERSTONE VENTURES, INC. Its Manager By: /s/ Sharon C. Kaiser Sharon C. Kaiser, Chief Financial Officer

ByDated: ~~/s/ Sharon C. Kaiser Sharon C. Kaiser~~June 9, ~~Chief Financial Officer~~2011

Dated: June 3, 2011

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