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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
(Mark One)
{ X } ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934 (FEE REQUIRED)
For the fiscal year ended December 31, 2000
OR
{ } TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 (NO FEE REQUIRED)
For the transition period from to
Commission file number 000-20147
Realty Parking Properties II L.P.
(Exact Name of Registrant as Specified in its Charter)
Delaware 52-1710286
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification Number)
225 East Redwood Street, Baltimore, Maryland 21202
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (410) 727-4083
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Name of each exchange on which registered
None
Securities registered pursuant to section 12(g) of the Act:
Assignee Units of Limited Partnership Interests
(Title of class)
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.
Yes X No
As of December 31, 2000, there were 1,392,800 Units of Assignee and Limited
Partnership Interests held by non-affiliates of the Registrant. Because there is
not an established public trading market for the Units, the aggregate market
value of the Units held by non-affiliates of the Registrant cannot be
calculated.
Documents Incorporated by Reference
The Annual Report for 2000 is incorporated by reference.
REALTY PARKING PROPERTIES II L.P.
Index
Part I Page
Item 1. Business 3
Item 2. Properties 4
Item 3. Legal Proceedings 5
Item 4. Submission of Matters to a Vote of Security Holders 5
Part II.
Item 5. Market for Registrant's Common Equity
and Related Stockholder Matters 5
Item 6. Selected Financial Data 5
Item 7. Management's Discussion and Analysis of Financial
Condition and Results of Operation 6-7
Item 7a. Quantitative and Qualitative Disclosures About Market Risk 8
Item 8. Financial Statements and Supplementary Data 8
Item 9. Changes in and Disagreements with Accountants on
Accounting and Financial Disclosure 8
Part III.
Item 10. Directors and Executive Officers of the Registrant 9
Item 11. Executive Compensation 9
Item 12. Security Ownership of Certain Beneficial Owners
and Management 10
Item 13. Certain Relationships and Related Transactions 10
Part IV.
Item 14. Exhibits, Financial Statement Schedules and
Reports on Form 8-K 10-13
Signatures 14
REALTY PARKING PROPERTIES II L.P.
PART I
Item 1. Business
Realty Parking Properties II L. P. (the "Fund") is a Delaware limited
partnership capitalized on December 19, 1990. The Fund's intent was to acquire
surface lots and parking garage buildings (the "Properties") to be held for
appreciation and used for parking operations to produce current income. The
Properties were acquired with an emphasis on surface commercial parking lots
believed to have significant future potential for eventual sale as development
sites. The acquisition program is complete and only minor rehabilitation
expenditures and repairs to existing Properties are expected in the future.
The General Partner of the Fund is Realty Parking Company II, Inc., a
Maryland corporation.
A minimum of 100,000 units of assignee limited partnership interests (the
"Units") and an increased maximum of 4,000,000 Units were registered under the
Securities and Exchange Act of 1933, as amended. The Fund issued an aggregate of
1,392,760 Units, raising $34,819,000 of gross offering proceeds, at eighteen
closings through March 1993. The offering proceeds, net of issuance related fees
and working capital reserves, were used to acquire the Properties. Additionally,
the Fund obtained a line of credit to complete the Fund's acquisition program,
to supplement working capital reserves and to make distributions to partners
(see Note 8, "Note Payable," in Item 8, Financial Statements, herein).
The Partnership has an Investment Advisory Agreement with Central Parking
System, Inc. (the "Advisor"). The Advisor identified properties for purchase by
the Fund and leased such properties from the Fund following acquisition.
Pursuant to the Investment Advisory Agreement, the Advisor will earn a fee upon
disposition of a property equal to 1.5% of the contract price for the sale of
the property. Such fee is earned for services rendered to advise the general
partner on the timing and pricing of property sales.
The Fund acquired twelve Properties through 1994 and has sold six of the
Properties through December 31, 2000. The Fund's investment in the Properties,
including acquisition related costs and improvements, is $14,144,210 at December
31, 2000 (see Item 2. Properties).
The Properties are leased to the Advisor for a 10-year period, expiring
between June 2002 and July 2004, with options to extend the leases for two
additional terms of five years. Under the terms of the typical lease agreement,
the Advisor is obligated to pay the Fund the greater of minimum rent plus
reimbursement of real estate taxes or 65% of gross parking revenues ("percentage
rent"). The minimum rents are currently equal to 7% of a property's adjusted
acquisition cost, which generally equals the sum of the property's purchase
price, related acquisition expenses and fees, and site preparation costs.
Additionally, under the terms of the leases, the Advisor is responsible for all
operating costs, including ad valorem real estate taxes and general and garage
liability insurance coverage. Each lease is cancelable by the Fund upon the sale
of a property and payment to the Advisor of a "termination fee." The termination
fee generally equals 15% of the amount, if any, by which the property's sale
proceeds exceed the original acquisition cost of the property plus a 12%
compounded annual return on the original acquisition cost minus all rents
received by the Fund from the Property. Some of the leases may differ from the
terms outlined above in order to accommodate specific circumstances of an
acquired property.
The success of the Fund will, to a large extent, depend on the quality of
management of the Fund, its property acquisitions and the timing, terms and
conditions of any sale or financing. Future development may be delayed or
rendered legally or economically unfeasible as a result, for example, of future
building moratoriums, zoning changes and changes in growth and development
patterns.
The interim use of the Properties for parking operations to produce
current income is, in part, dependent upon the Advisor's ability to pay rents
under the terms of the lease agreements. Rents may vary due to percentage rental
payments (discussed above) which are influenced by a variety of factors,
including competition, traffic levels, parking demand and the location, design
and condition of the parking lot (see Item 7. Management's Discussion and
Analysis of Financial Condition and Results of Operations).
3
REALTY PARKING PROPERTIES II L.P.
Item 2. Properties
The Fund owns six properties in total, five of which are wholly owned by
the Fund. The undivided tenants-in-common ownership of one Property is noted
below. The Properties are not subject to a mortgage or other lien or encumbrance
under the terms of the term loan agreement, however the collateral security
provision of the line of credit agreement provides for the assignment of the
Fund's rights as a lessor to its interest in the parking lot leases, contracts
and income. As of December 31, 2000, the Fund owns the following Properties:
Approximate Gross 2000 (1)
Location Size (Sq. Ft.) Type Investment Cost Rental Income Lease Date
Phoenix, Arizona 275,310 surface lot $ 3,356,535 $ 362,728 5/94- 4/04
Southwest corner of Van
Buren and 44th Streets
San Diego-Union, California 35,000 surface lot 3,658,110 218,567 8/94- 7/04
Block bounded by Union,
State, C & B Streets
Tulsa, Oklahoma 39,646 surface lot 766,285 76,534 12/92- 11/02
Block bounded by South
Boston Avenue, East 3rd
Street and South Cincinnati
Avenue (2)
Nashville, Tennessee 57,720 surface lot 1,797,731 328,923 9/93- 8/03
North side of Charlotte Avenue and garage
between Fourth and Fifth
Avenues, North
Dallas-Main, Texas 45,714 surface lot 2,200,732 161,082 1/94- 12/03
Southeast corner of Main and and garage
St. Paul Streets
San Antonio, Texas 43,341 surface lot 2,364,817 164,797 7/92- 6/02
Northwest corner of Dwyer
Avenue and Nueva Street
- -----------------------------------------------------------------------------------------------------------------------------------
Total $14,144,210 $ 1,312,631
- -----------------------------------------------------------------------------------------------------------------------------------
(1) 2000 rental income does not include rental income from the two properties
sold during 2000.
(2) The Fund owns a 60% undivided interest in the property. The Advisor owns the
remaining interest in the property.
Item 3. Legal Proceedings
The Fund is not subject to any material pending legal proceedings.
4
REALTY PARKING PROPERTIES II L.P.
Item 4. Submission of Matters to a Vote of Security Holders
There were no matters submitted to the security holders for a vote
during the last quarter of the fiscal year covered by this report.
PART II
Item 5. Market for Registrant's Common Equity and Related Stockholder Matters
An established public trading market for the Units does not exist and
the Fund does not anticipate that a public market will develop. Transfer of
Units by an investor and purchase of Units by the Fund may be accommodated under
certain terms and conditions. The Partnership Agreement imposes certain
limitations on the transfer of Units and may restrict, delay or prohibit a
transfer primarily if:
o the transfer of Units would cause a technical termination of the Fund
within meaning of Section 708(b)(1)(A) of the Internal Revenue Code,
o such a transfer would be a violation of any federal or state securities
laws that may cause the Fund to be classified other than as a partnership for
federal income tax purposes, and
o such transfers would cause the Fund to be treated as a "publicly traded
partnership" under Section 7704 and 469(k) of the Internal Revenue Code.
As of December 31, 2000, there were 1,911 holders of assignee units of
limited partnership interests of the registrant, owning an aggregate of
1,392,800 units.
The Fund made four quarterly cash distributions in 2000, 1999 and 1998
totaling $1,160,501, $1,417,459 and $1,450,860, respectively, from funds
provided by operating activities. Additionally, in 2000 and 1999 the Fund
distributed sales proceeds totaling $9,225,916 and $13,076,850, respectively.
Item 6. Selected Financial Data
Revenues and net earnings information furnished below is for the five
years ended December 31, 2000:
2000 1999 1998 1997 1996
Revenues:
Rental income $ 1,439,471 $2,286,332 $ 2,303,706 $2,589,901 $2,464,856
Interest income 94,123 58,612 26,396 35,447 14,495
Gain on sales of prop. 4,883,776 6,311,322 - 2,708,847 -
Net earnings 6,010,278 7,977,696 1,553,368 4,538,493 1,647,840
Net earnings per Unit 4.24 5.58 1.10 3.23 1.17
Total assets 14,690,558 20,620,474 27,582,852 27,969,119 32,476,178
Note payable 636,000 2,086,000 2,561,000 3,061,000 3,061,000
Partners' capital 13,740,941 18,117,080 24,633,693 24,531,185 28,865,327
Cash distributions
Paid per Unit:
Operations .82 1.00 1.03 1.19 1.16
Sales proceeds 6.56 9.30 - 5.12 -
The above selected financial data should be read in conjunction with the
financial statements and accompanying notes incorporated by reference in this
report.
5
REALTY PARKING PROPERTIES II L.P.
Item 7. Management's Discussion and Analysis of Financial Condition and
Results of Operations
Liquidity and Capital Resources
The Fund acquired twelve Properties through 1994 and has sold six of the
Properties through December 31, 2000. The Fund does not contemplate making any
major improvements to its properties during 2001.
At December 31, 2000, the Fund had a working capital position that
included cash and cash equivalents of $769,227, accounts receivable (net of real
estate taxes payable) of $39,014, and accounts payable and accrued expenses of
$93,317. Cash and cash equivalents increased $120,213 during 2000. This increase
represents the net effect of $1,112,992 in cash provided by operating
activities, $1,160,501, in quarterly cash distributions to investors, repayment
of $1,450,000 on the note payable, $10,843,638 from the sales of properties
(including a sale deposit of $60,000), and $9,225,916 in sales proceeds
distributions to investors. The Fund has sufficient liquidity to satisfy its
anticipated operating expenditures and its debt service obligations.
On February 15, 2001, the Fund made cash distribution to investors of
$205,530 of which 99% was allocated to assignee and limited partners. This
distribution was derived from cash provided by operating activities during 2000.
In July 2000, the line of credit agreement with a bank was amended to
reduce the bank's commitment from $3,500,000 to $736,000, the principal balance
outstanding at that time. The amended line of credit expires in July 2001. The
line of credit is expected to be repaid from sales proceeds in 2001 and will be
extended beyond its maturity, if necessary. The collateral security provision of
the loan agreement provides for the assignment of the Fund's rights as a lessor
to its interest in the parking lot leases, contracts and income. The principal
balance at December 31, 2000 and 1999 was $636,000 and $2,086,000, respectively.
In January and February 2001, the Fund made additional principal payments
on the line of credit totaling $300,000.
Results of Operations
Sales
During 2000, the Fund sold two properties for $11,328,000. The Fund's
investment in the properties was $5,899,862, net of accumulated depreciation of
$512,472. The capital gain from the sales totaled $4,883,776, net of expenses of
$544,362.
During 1999, the Fund sold three properties for $14,215,867. The Fund's
investment in the properties was $6,773,386, net of accumulated depreciation of
$111,259. The capital gain from the sales totaled $6,311,322, net of expenses of
$1,131,159.
Operations
Parking lot rental income includes base rents and percentage rents earned
pursuant to lease agreements in effect during each period. The Fund leases its
facilities to the Advisor under terms that typically include a minimum rent
calculated as a percentage of certain acquisition costs. In addition, the
Advisor is typically obligated to pay percentage rent, calculated as a
percentage of gross parking revenues.
Parking lot rental income in 2000 totaled $1,439,471, a decline of 37%
from 1999. The decline was primarily due to the two property sales in the first
half of 2000 and the full year impact of the three property sales in 1999, which
have negatively reduced parking lot rental income by $793,327 from the amount
earned in 1999. The balance of the difference is attributed to lower percentage
rents earned at one of the Fund's remaining properties.
Parking lot rental income in 1999 totaled $2,286,332, a decline of less
than 1% from 1998. This decrease in parking lot rental income is the net effect
of the three property sales during 1999 and increased percentage rents over
levels achieved in 1998.
6
REALTY PARKING PROPERTIES II L.P.
Item 7. Management's Discussion and Analysis of
Financial Condition and Results of Operations (continued)
Results of Operations (continued)
During 2000, percentage rents were earned at five facilities totaling
$396,179. Percentage rents decreased 39% from 1999, primarily due to property
sales. During 1999, percentage rents were earned at eight facilities totaling
$644,904. Percentage rents increased 36% over 1998, primarily due to the
increased payments from six of the properties, in addition to earning percentage
rents from two facilities which did not generate percentage rents in 1998.
During 1998, percentage rents were earned at six facilities totaling $473,933.
Expenses in 2000, net of depreciation (and amortization in 1999), were
$344,951, reflecting a $170,550 decrease from 1999. This decrease is primarily
due to lower management fees as a result of property sales, and reduced interest
expense due to the lower balance on the note payable.
Expenses in 1999, net of amortization and depreciation, were $515,501,
reflecting an $82,901 decrease from 1998. This decrease is primarily due to
reduced consulting fees, and lower management fees as a result of property
sales. In addition, interest expense decreased due to the lower balance on the
note payable.
Outlook
On May 16, 2000, the Fund entered into a land option agreement for the
sale of its San Diego-Union, California property for $5,320,000. The agreement
expires one year from the date of contract and provides for a non-refundable
option consideration in the amount of $60,000, which will be credited against
the purchase price.
The Fund also has a signed contract for the sale of the Dallas-Main
facility. The potential buyers of both properties are currently performing their
due diligence, and there are no assurances that these facilities will be sold.
Item 7a. Quantitative and Qualitative Disclosures About Market Risk
The market risk associated with financial instruments and derivative
financial and commodity instruments is the risk of loss from adverse changes in
market prices or rates. The Fund's market risk arises primarily from interest
rate risk relating to borrowings under its line of credit that bears interest at
the prime rate of interest of a designated bank. Borrowings under the line of
credit are due in July 2001. The Fund does not expect that it will make
additional borrowings under the line. The line of credit is expected to be
repaid from sales proceeds in 2001 and will be extended beyond its maturity, if
necessary. Additionally, the Fund intends to continue reducing the outstanding
balance to the extent cash flows from operating activities exceed amounts needed
to provide for regular quarterly distributions to the partners and liquidity
needs. Assuming the outstanding balance was to remain unchanged from that at
December 31, 2000 ($636,000), a 1% increase in the prime rate of interest would
reduce the Fund's net earnings by approximately $6,360 on an annualized basis.
7
REALTY PARKING PROPERTIES II L.P.
Item 8. Financial Statements and Supplementary Data
Index to Financial Statements:
Page(s)
Herein Annual Report
Independent Auditors' Report 11 5
Balance Sheets 6
Statements of Operations 7
Statements of Partners' Capital 8
Statements of Cash Flows 9
Notes to Financial Statements 10-15
Financial Statement Schedule
Schedule III - Real Estate and
Accumulated Depreciation 12-13
All other schedules are omitted because they are not applicable, not
required, or because the required information is included in the financial
statements or notes thereto.
Item 9. Changes in and Disagreements with Accountants on
Accounting and Financial Disclosure
None.
REALTY PARKING PROPERTIES II L.P.
Part III
Item 10. Directors and Executive Officers of the Registrant
The General Partner of the Fund is Realty Parking Company II, Inc. The
Fund's principal executive office is located at 225 East Redwood Street,
Baltimore, Maryland 21202, telephone (410) 727-4083. The General Partner has
primary responsibility for the selection and negotiation of terms concerning the
acquisition of the Properties' sites, selecting a manager for the interim
investments, and the structure of the offering and of the Fund. The General
Partner is responsible for overseeing the performance of those who contract with
the Fund, as well as making decisions with respect to the financing, sale and
liquidation of the Fund's assets. It provides all reports to and communications
with investors and others, all distributions and allocations to investors, the
administration of the Fund's business and all filings with the Securities and
Exchange Commission and other federal or state regulatory authorities. The
Agreement of Limited Partnership provides for the removal of the General Partner
and the election of a successor or additional general partner by investors
holding a majority in interest of the Units.
The directors and principal officers of the General Partner are as follows:
John M. Prugh, age 52, has been a Director and President of the General
Partner since 1990 and of Alex. Brown Realty, Inc. and Armata Financial Corp.
since 1984. Mr. Prugh graduated from Gettysburg College in 1970, and was
designated a Certified Property Manager by the Institute of Real Estate
Management in 1979. He has worked in property management for H. G. Smithy Co.,
in Washington, D.C., and Dreyfus Bros., Inc. in Bethesda, Maryland. Since 1977,
Mr. Prugh has been involved in managing, administering, developing and selling
real estate investment projects sponsored by Alex. Brown Realty, Inc. and its
subsidiaries.
Peter E. Bancroft, age 48, has been a Director and Vice President of the
General Partner since 1990 and a Senior Vice President of Alex. Brown Realty,
Inc. and Armata Financial Corp. since 1983. Mr. Bancroft graduated from Amherst
College in 1974, attended the University of Edinburgh, and received a J.D.
degree from the University of Virginia School of Law in 1979. Prior to joining
Alex. Brown Realty, Inc. in 1983, Mr. Bancroft held legal positions with
Venable, Baetjer and Howard and T. Rowe Price Associates, Inc.
Terry F. Hall, age 54, has been a Vice President and Secretary of the
General Partner since 1990 and a Vice President and Secretary of, and Legal
Counsel for, Alex. Brown Realty, Inc. since 1989. Mr. Hall graduated from the
University of Nebraska-Lincoln in 1968, and received a J.D. degree from the
University of Pennsylvania Law School in 1973. Prior to joining Alex. Brown
Realty, Inc. in 1986, Mr. Hall was a Partner at the law firm of Venable, Baetjer
and Howard from 1981 to 1986 and an associate at the same firm from 1973 to
1981.
Timothy M. Gisriel, age 44, has been the Treasurer of the General Partner
and of Alex. Brown Realty, Inc. and Armata Financial Corp. since 1990. He was
the Controller of Alex. Brown Realty, Inc. and Armata Financial Corp. from 1984
through 1990. Mr. Gisriel graduated from Loyola College in 1978 and received his
Masters of Business Administration degree from the Robert G. Merrick School of
Business, University of Baltimore, in 1993. Prior to joining Alex. Brown Realty,
Inc. in 1984, Mr. Gisriel was an audit supervisor in the Baltimore office of
Coopers & Lybrand. He is a Maryland Certified Public Accountant.
There is no family relationship among the officers and directors of the
General Partner.
Item 11. Executive Compensation
The officers and directors of the General Partner received no compensation
from the Fund.
The General Partner is entitled to receive a share of cash distributions
and a share of profits and losses as described in the Agreement of Limited
Partnership (see Note 10. "Partners' Capital" in Item 8. Financial Statements,
herein).
For a discussion of compensation and fees to which the General Partner is
entitled, see Item 13, Certain Relationships and Related Transactions, herein.
9
REALTY PARKING PROPERTIES II L.P.
Item 12. Security Ownership of Certain Beneficial Owners and Management
No person is known to the Fund to own beneficially more than 5% of the
outstanding assignee units of limited partnership interest of the Fund.
The Assignor Limited Partner, Parking Properties Holding Co., Inc., an
affiliate of the General Partner, holds 40 Units representing a beneficial
interest in limited partnership interests in the Fund. The Units held by the
Assignor Limited Partner have all rights attributable to such Units under the
Agreement of Limited Partnership except that these Units of assignee limited
partnership interests are nonvoting.
The General Partner has a 1% interest in the Fund as the General Partner,
but holds no Units.
At December 31, 2000, the Advisor held 42,104 Units (an approximate 3.0%
investment in the Fund).
There are no arrangements known to the Fund, the operation of which may,
at a subsequent date, result in a change of control of the registrant.
Item 13. Certain Relationships and Related Transactions
The General Partner and its affiliates have and are permitted to engage in
transactions with the Fund. For a summary of fees paid during 200, 1999 and 1998
to the General Partner and its affiliates, see Note 7, "Related Party
Transactions", in Item 8, Financial Statements, herein.
PART IV
Item 14. Exhibits, Financial Statement Schedules
And Reports on Form 8-K
(a)1. Financial Statements: See Index to Financial Statements and
Supplementary Data in Item 8 on Page 8, herein.
2. Financial Statement Schedule: See Index to Financial
Statements and Supplementary Data in Item 8 on page 8, herein.
3. Exhibits:
(3, 4)Agreement of Limited Partnership on pages 1 through
39 of Exhibit A to the Fund's Registration Statement
on Form S-11 (File No. 33-38437) incorporated herein
by reference.
(13) Annual Report for 2000.
(b)Reports on Form 8-K: None.
10
INDEPENDENT AUDITORS' REPORT
The Partners
Realty Parking Properties II L.P.
Under date of January 19, 2001, we reported on the balance sheets of Realty
Parking Properties II L.P. as of December 31, 2000 and 1999, and the related
statements of operations, partners' capital and cash flows for each of the years
in the three-year period ended December 31, 2000 as contained in the 2000 Annual
Report. These financial statements and our report thereon are incorporated by
reference in the Annual Report on Form 10-K for 2000. In connection with our
audits of the aforementioned financial statements, we also audited the related
financial statement schedule as listed in the accompanying index. This financial
statement schedule is the responsibility of the Fund's management. Our
responsibility is to express an opinion on the financial statement schedule
based on our audits.
In our opinion, such financial statement schedule, when considered in relation
to the basic financial statements taken as a whole, presents fairly, in all
material respects, the information set forth therein.
/s/ KPMG LLP
Baltimore, Maryland
January 19, 2001
REALTY PARKING PROPERTIES II L.P.
SCHEDULE III. REAL ESTATE AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2000
page 1 of 2
- -------------------------------------------------------------------------------------------------------------
COLUMN A COLUMN C COLUMN D COLUMN E
COST CAPITALIZED GROSS AMOUNT
SUBSEQUENT AT WHICH CARRIED
INITIAL COST TO THE TO ACQUISITION AT CLOSE OF PERIOD
PARTNERSHIP LAND BUILDING LAND & BUILDING &
DESCRIPTION LAND BUILDING IMPROVE. IMPROVE. IMPROVE. IMPROVE. TOTAL
- -------------------------------------------------------------------------------------------------------------
PHOENIX, ARIZONA
approximately 275,310
square-foot
surface parking lot $ 3,251,487 105,048 3,356,535 - 3,356,535
SAN DIEGO-UNION, CA
approximately 35,000
square-foot surface
parking lot 3,596,425 61,684 3,658,110 - 3,658,110
TULSA, OKLAHOMA
approximately 39,646
square-foot surface
parking lot 765,857 428 766,285 - 766,285
NASHVILLE, TENNESSEE
approximately 57,720
square-foot surface
parking lot and garage 1,101,312 134,525 133,902 427,992 1,235,214 562,517 1,797,731
DALLAS-MAIN, TEXAS
approximately 45,714
square-foot surface
parking lot and garage 1,351,734 768,578 (21,140) 101,560 1,330,594 870,138 2,200,732
SAN ANTONIO, TEXAS
approximately 43,341
square-foot surface
parking lot 2,358,143 6,674 2,364,817 - 2,364,817
----------------------------------------------------------------------------------
$ 12,424,958 903,103 286,596 529,552 12,711,555 1,432,655 14,144,210
=============================================================================================================
12
REALTY PARKING PROPERTIES II L.P.
SCHEDULE III. REAL ESTATE AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2000
page 2 of 2
- ------------------------------------------------------------------------
COLUMN A COLUMN F COLUMN H COLUMN I
LIFE ON
WHICH
ACCUMULATED DEPRECIATION
DEPRECIATION DATE IN LATEST I/S
DESCRIPTION ("A/D") ACQUIRED IS COMPUTED
- ------------------------------------------------------------------------
PHOENIX, ARIZONA
approximately 275,310
square-foot surface
parking lot 36,390 06/94 SEE NOTE 5
SAN DIEGO-UNION, CA
approximately 35,000
square-foot surface
parking lot 46,527 07/94 SEE NOTE 5
TULSA, OKLAHOMA
approximately 39,646
square-foot surface
parking lot N/A 11/92 N/A
NASHVILLE, TENNESSEE
approximately 57,720
square-foot surface
parking lot and garage 145,919 02/92 SEE NOTE 5
DALLAS-MAIN, TEXAS
approximately 45,714
square-foot surface
parking lot and garage 193,357 02/93 SEE NOTE 5
SAN ANTONIO, TEXAS
approximately 43,341
square-foot surface
parking lot N/A 06/92 N/A
----------
422,193
========================================================================
- ---------------------------------------------------------------------------------------------------------------
(1) 2000 1999 1998
REAL ESTATE A/D REAL ESTATE A/D REAL ESTATE A/D
------------------------------------------------------------------------------------
BALANCE AT BEGINNING OF PERIOD $20,556,544 872,524 27,441,189 823,717 27,441,189 651,385
ADDITIONS - 62,141 - 160,066 - 172,332
REAL ESTATE SOLD (6,412,334) (512,472) (6,884,645) (111,259) - -
------------------------------------------------------------------------------------
BALANCE AT CLOSE OF PERIOD $14,144,210 422,193 20,556,544 872,524 27,441,189 823,717
===============================================================================================================
(2) AGGREGATE COST FOR FEDERAL INCOME TAX PURPOSES IS $14,144,210 AT DECEMBER 31, 2000.
(3) SEE NOTE 3 OF NOTES TO THE FINANCIAL STATEMENTS FOR INFORMATION REGARDING THE FUND'S
INVESTMENT IN REAL ESTATE.
(4) THERE ARE NO ENCUMBRANCES ON THE REAL ESTATE SET FORTH ABOVE.
(5) LAND IMPROVEMENTS ARE DEPRECIATED OVER 15 YEARS STRAIGHT LINE
BUILDING AND IMPROVEMENTS IN SERVICE PRIOR TO JANUARY 1, 1994 ARE
DEPRECIATED OVER 31.5 YEARS STRAIGHT LINE BUILDING AND IMPROVEMENTS IN
SERVICE AFTER JANUARY 1, 1994 ARE DEPRECIATED OVER 39 YEARS STRAIGHT LINE
13
REALTY PARKING PROPERTIES II L.P.
SIGNATURES
Pursuant to the requirements of Section 13 or 15 (d) 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, thereunto duly authorized.
REALTY PARKING PROPERTIES II L. P.
DATE: 3/26/01 BY: /s/ John M. Prugh
John M. Prugh
President and Director
Realty Parking Company II, Inc.
General Partner
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
this report has been signed by the following in the capacities and on the dates
indicated.
DATE: 3/26/01 BY: /s/ John M. Prugh
John M. Prugh
President and Director
Realty Parking Company II, Inc.
General Partner
DATE: 3/28/01 BY: /s/ Peter E. Bancroft
Peter E. Bancroft
Vice President and Director
Realty Parking Company II, Inc.
General Partner
DATE: 3/28/01 BY: /s/ Terry F. Hall
Terry F. Hall
Vice President and Secretary
Realty Parking Company II, Inc.
General Partner
DATE: 3/26/01 BY: /s/ Timothy M. Gisriel
Timothy M. Gisriel
Treasurer
Realty Parking Company II, Inc.
General Partner
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