UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

~~WASHINGTON~~Washington, D.C. 20549

FORM 8-K

~~Current~~CURRENT ~~Report~~REPORT

~~Pursuant~~PURSUANT toTO ~~Section~~SECTION 13 orOR 15(Dd) ~~of the Securities Exchange Act of 1934~~OF

~~Date~~THE ofSECURITIES ~~Report~~EXCHANGE ~~(Date~~ACT ofOF ~~earliest event reported): May 1, 2010~~1934

Date of Report (date of earliest event reported): December 30, 2010

EXCELLENCY INVESTMENT REALTY TRUST, INC.

(Exact name of registrant as specified in its charter)

Maryland

Maryland	000-27841	20-8635424
(State or other jurisdiction of incorporation or organization)	(Commission file number)	(I.R.S. employer identification no.)

270 Laurel Street, A15, Hartford, CT (Address of principal executive offices)		06105 (Zip code)

~~(State~~Registrant’s ortelephone ~~other~~number, ~~jurisdiction~~including ofarea ~~incorporation~~code: ~~or organization~~(860) 728-1959

000-50675	20-8635424
(Commission File Number)	(IRS Employer Identification No.)
245 Park Avenue, 39th Floor New York, NY	10167
(principal executive offices)	(Zip Code)

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

~~(646)~~Check ~~719~~the appropriate box below if the Form 8-~~2012~~K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

~~(Registrant’s~~o ~~telephone~~Written ~~number,~~communications ~~including~~pursuant ~~area~~to ~~code~~Rule 425 under the Securities Act (17 CFR 230.425)

~~Check~~o ~~the~~Soliciting ~~appropriate~~material ~~box~~pursuant ~~below~~to ifRule ~~the Form 8~~14a-K12 ~~filing~~under ~~is intended to simultaneously satisfy~~ the ~~filing~~Exchange ~~obligation~~Act of(17 ~~the~~CFR ~~registrant under any of the following provisions:~~240.14a-12)

o ~~Written~~Pre-commencement communications pursuant to Rule ~~425~~14d-2(b) under the ~~Securities~~Exchange Act (17 CFR 240.14d-2(b))

o ~~Soliciting~~Pre-commencement ~~material~~communications pursuant to Rule ~~14a~~13e-124(c) under the Exchange Act (17 CFR 240.13e-4(c))

oItem ~~Pre-commencement~~8.01 Other ~~communications~~Events ~~pursuant~~considered to ~~Rule~~be ~~14d-2(b)~~of ~~under~~importance ~~the~~to ~~Exchange~~security ~~Act~~holders

oOn ~~Pre-commencement~~December ~~communications~~29, ~~pursuant~~2010, tothe ~~Rule~~Company ~~13e-4~~was presented with a collection demand letter (ccopy attached) received from David Mladen. The total amount due under Mr. Mladen’s note including accrued interest through February 28, 2011 is $1,894,900.40. As of the ~~Exchange~~date ~~Act~~of this filing, the Company does not have sufficient liquidity to pay this amount. We are reviewing options available to us at this time.

Item 29.0301 ~~Creation of a Direct~~ Financial ~~Obligation~~Statements orand ~~an Obligation under an Off-Balance Sheet Arrangement of a Registrant~~Exhibits

As noted in our 8-K filing on 8/14/2009, David D. Mladen (“Mr. Mladen”), a Director, President and the Chief Executive Officer of the Company resigned his positions as of August 13, 2009. At the time of Mr. Mladen’s resignation, Mr. Mladen agreed to remain available to the Company’s management as a Consultant to provide consulting services that may be requested of him by the Company’s management from time-to-time.

Exhibit	Description

99.1	Letter from David Mladen
99.2	Promissory Note

Effective May 1, 2010, Excellency Investment Realty Trust, Inc. (“The Company”) entered into a formal consulting agreement with David D. Mladen (“Mr. Mladen”).

The following duties and responsibilities shall be competently performed by the Mr. Mladen: Review and advise on all insurance policies and claims on same; Research new real estate projects that the Company may be interested in adding to its portfolio; Assist Company in obtaining financing for new projects; and Other duties as deemed necessary by Company.

The Company shall make payments to the Mr. Mladen of a set amount as compensation for services rendered. Mr. Mladen has agreed to accept the sum of $31,200 per year, payable weekly in the amount of $600. In addition to the above compensation, Mr. Mladen will be entitled health insurance, as well as commissions / bonuses which will be negotiated for consummated property purchases brought to company by Mr. Mladen and loans negotiated or refinanced through efforts by Mr. Mladen.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits .

No exhibits are attached.

SIGNATURES

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

Date: May 3, 2010	EXCELLENCY INVESTMENT REALTY TRUST, INC.
	Excellency Investment Realty Trust, Inc.
	By	/s/Gorica Adduci
January 6, 2011	By:	/s/ Gorica Adduci-Mladen
		Gorica Adduci
		Gorica Adduci-Mladen
		Chief Executive Officer
		President

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