Item 7.01 Regulation FD Disclosure

On November 21, 2012, HMG/Properties, Inc. ("HMG") issued a press release announcing that HMG's Board of Directors has authorized the purchase of up to $300,000 of HMG common stock under a share repurchase program that will be in effect through the end of HMG's 2015 fiscal year. A copy of the press release is attached as Exhibit 99.1.

The information in this Item 7.01 and Exhibit 99.1 attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.

Item 8.01 Other Events

On November 21, 2012, HMG announced that its Board of Directors has authorized the purchase of up to $300,000 of HMG common stock on the open market or through privately negotiated transactions. The program will be in place through the end of HMG's 2012 fiscal year.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

99.1 Release dated November 21, 2012 announcing that HMG's Board of Directors has authorized the purchase of up to $300,000 of HMG common stock under a share repurchase program that will be in effect through the end of HMG's 2015 fiscal year.

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