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FORM 10-Q
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Quarterly Report Under Section 13 or 15(d)
of the Securities exchange Act of 1934
For the Quarterly Period Ended June 30, 2003
Commission File Number 0-16815
NHP RETIREMENT HOUSING PARTNERS I
LIMITED PARTNERSHIP
(A Delaware Limited Partnership)
(Exact name of registrant as specified in its charter)
DELAWARE 52-1453513
(State of other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
14160 DALLAS PARKWAY, SUITE 300
DALLAS, TX 75254
(Address of principal executive offices)
(Zip Code)
(972) 770-5600
(Registrant's telephone number, including area code)
NOT APPLICABLE
(Former name, former address and former fiscal year,
if changed since last report)
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
---- ----
Indicate by check mark whether the registrant is an accelerated filer (as
defined in Rule 12b-2 of the Exchange Act). Yes No X
---- ----
PART I - FINANCIAL INFORMATION
ITEM 1 - FINANCIAL STATEMENTS
NHP RETIREMENT HOUSING PARTNERS I LIMITED PARTNERSHIP
Statements of Net (Liabilities) Assets in Liquidation
(LIQUIDATION BASIS)
June 30, 2003 December 31, 2002
------------- -----------------
(Unaudited) (Note A)
ASSETS:
Cash and cash equivalents $ 162,360 $ 60,944
Receivables 1,818 75,978
Prepaid expense - 7,187
Other assets - 252,698
------------------ ------------------
Total assets 164,178 396,807
------------------ ------------------
LIABILITIES:
Other liabilities 235,809 264,477
------------------ ------------------
Total liabilities 235,809 264,477
------------------ ------------------
Net (liabilities) assets in liquidation $ (71,631) $ 132,330
================== ==================
See notes to financial statements.
1
NHP RETIREMENT HOUSING PARTNERS I LIMITED PARTNERSHIP
Statements of Changes in Net (Liabilities) Assets in Liquidation
(LIQUIDATION BASIS)
For the Six Months Ended June 30, 2003
(Unaudited)
Net assets in liquidation at January 1, 2003 $ 132,330
Net loss (203,961)
-------------
Net liabilities in liquidation at June 30, 2003 $ (71,631)
=============
See notes to financial statements
2
NHP RETIREMENT HOUSING PARTNERS I LIMITED PARTNERSHIP
Statements of Operations
(LIQUIDATION BASIS)
(Unaudited)
Three months ended June 30,
2003 2002
---- ----
REVENUE:
Interest income $ 316 $ 521
------------------ ------------------
316 521
------------------ ------------------
COSTS AND EXPENSES:
Administrative and marketing - 72,657
Taxes and insurance 5,184 2,300
------------------ ------------------
5,184 74,957
------------------ ------------------
LOSS FROM RENTAL OPERATIONS (4,868) (74,436)
------------------ ------------------
OTHER EXPENSES:
Other expense (86,459) (94,611)
------------------ ------------------
(86,459) (94,611)
------------------ ------------------
NET LOSS $ (91,327) $ (169,047)
================== ==================
NET LOSS PER ASSIGNEE INTEREST:
Net loss $ (2) $ (4)
================== ==================
WEIGHTED AVERAGE NUMBER OF ASSIGNEE
UNITS $ 41,888 $ 41,888
================== ==================
See notes to financial statements
3
NHP RETIREMENT HOUSING PARTNERS I LIMITED PARTNERSHIP
Statements of Operations
(LIQUIDATION BASIS)
(Unaudited)
Six months ended June 30,
2003 2002
---- ----
REVENUE:
Rental income $ - $ 1,198
Interest income 885 1,653
Other income (expense) 3,254 (759)
------------------ ------------------
4,139 2,092
------------------ ------------------
COSTS AND EXPENSES:
Administrative and marketing 23 73,741
Taxes and insurance 9,496 2,300
------------------ ------------------
9,519 76,041
------------------ ------------------
LOSS FROM RENTAL OPERATIONS (5,380) (73,949)
------------------ ------------------
OTHER INCOME (EXPENSES):
Debt forgiveness income - 18,991,176
Interest expense - pension notes - (423,590)
Other expense (198,581) (185,986)
------------------ ------------------
(198,581) 18,381,600
------------------ ------------------
NET (LOSS) INCOME $ (203,961) $ 18,307,651
================== ==================
NET (LOSS) INCOME PER ASSIGNEE INTEREST:
Net (loss) income $ (5) $ 428
================== ==================
WEIGHTED AVERAGE NUMBER OF ASSIGNEE
UNITS $ 41,888 $ 41,888
================== ==================
See notes to financial statements
4
NHP RETIREMENT HOUSING PARTNERS I LIMITED PARTNERSHIP
Statements of Partners' Equity (Deficit)
(Unaudited)
ASSIGNEE
GENERAL LIMITED
PARTNER PARTNERS TOTAL
------- -------- -----
Partners' (deficit) equity
at January 1, 2003 and net
assets in liquidation $ (802,356) $ 934,686 $ 132,330
Net loss - Six months
ended June 30, 2003 (4,079) (199,882) (203,961)
--------------- -------------- ------------
Partners' (deficit) equity
at June 30, 2003 and net (liabilities)
assets in liquidation $ (806,435) $ 734,804 $ (71,631)
=============== ============== =============
Percentage interest
at June 30, 2003 2% 98% 100%
== === ====
See notes to financial statements
5
NHP RETIREMENT HOUSING PARTNERS I LIMITED PARTNERSHIP
Statements of Cash Flows
(LIQUIDATION BASIS)
(Unaudited)
Six months ended June 30,
2003 2002
---- ----
Cash flows from operating activities:
Rent and other asset collections $ 326,858 $ 27,159
Interest received 885 1,653
Other income 3,254 (759)
Salary and related benefits - (46,900)
Management fees, dietary fees and other services (26,816) (41,650)
Other operating expenses paid (202,765) (799,000)
Interest paid - (7,461,934)
----------------- -----------------
Net cash provided by (used in) operating activities 101,416 (8,321,431)
----------------- -----------------
Cash flows from financing activities:
Pension note payments - (9,538,066)
----------------- -----------------
Net cash used in financing activities - (9,538,066)
----------------- -----------------
Net increase (decrease) in cash and cash equivalents 101,416 (17,859,497)
-
Cash and cash equivalents at beginning of period 60,944 18,117,660
----------------- -----------------
Cash and cash equivalents at end of period $ 162,360 258,163
================= =================
See notes to financial statements
6
NHP RETIREMENT HOUSING PARTNERS I LIMITED PARTNERSHIP
Statements of Cash Flows
(LIQUIDATION BASIS)
(Unaudited)
(Continued)
Six months ended June 30,
2003 2002
---- ----
RECONCILIATION OF NET (LOSS) INCOME
TO NET CASH PROVIDED BY (USED IN)
OPERATING ACTIVITIES:
Net (loss) income $ (203,961) $ 18,307,651
Adjustments to reconcile net (loss) income to net cash
provided by (used in) operating activities:
Debt forgiveness - (18,991,176)
Changes in operating assets and liabilities:
Other assets and receivables 326,858 25,961
Prepaid expenses 7,187 -
Accounts payable - (122,135)
Interest payable - (7,038,344)
Other liabilities (28,668) (503,388)
----------------- -----------------
Total adjustments 305,377 (26,629,082)
----------------- -----------------
Net cash provided by (used in) operating activities $ 101,416 $ (8,321,431)
================= =================
See notes to financial statements
7
NHP RETIREMENT HOUSING PARTNERS I LIMITED PARTNERSHIP
Notes to Financial Statements
June 30, 2003
A. ACCOUNTING POLICIES
Nature of Business
NHP Retirement Housing Partners I Limited Partnership (the "Partnership") is a
limited partnership organized under the laws of the State of Delaware on March
10, 1986. The Partnership was formed for the purpose of raising capital by
issuing both Pension Notes ("Notes") to tax-exempt investors and selling
additional partnership interests in the form of Assignee Interests ("Interests")
to taxable individuals. Interests represent assignments of the limited
partnership interests of the Partnership issued to the Assignor Limited Partner,
NHP RHP-I Assignor Corporation. The proceeds from the sale of the Notes and
Interests were invested in residential rental properties for retirement age
occupants.
Dissolution of Partnership
On February 12, 2001, due to the pending maturity of the Pension Notes at
December 31, 2001 and to obtain maximum value through an organized disposition
of Partnership assets, the General Partner notified the Pension Note holders and
Assignee Interest holders of its intent to dissolve the Partnership effective
May 21, 2001 and liquidate its remaining property, the Amberleigh.
On December 31, 2001, the Partnership sold the Amberleigh to an unaffiliated
entity for $20,000,000. The Partnership received two $1,000,000 promissory
notes, each payable within 12 months from the date of sale, one note subject to
the purchaser obtaining certain levels of financing proceeds and the other note
subject to the property achieving certain levels of operating income. The
Partnership did not satisfy the requirements for payment under either promissory
note, and therefore the Partnership will not receive any proceeds from these
notes. The balance of the sale proceeds net of settlement costs and other direct
costs associated with the sale was paid in cash, resulting in net sale proceeds
of $16,014,830. The Partnership recognized a $1,491,679 loss on the sale in
2001. On December 31, 2001, the principal on the Pension Notes and deferred
interest of approximately $35,504,000 matured.
Relating to the sale of the Amberleigh on December 31, 2001, the Partnership
paid $9,538,066 for a partial redemption of Notes, and paid $7,461,934 for a
partial payment of deferred interest, effective February 28, 2002. Cash funds
were not sufficient at February 28, 2002 to fully repay the outstanding
principal balance of $18,991,176 in Notes and deferred interest. Since available
cash after payment of Partnership expenses and potential collection of the
Amberleigh promissory notes was insufficient to repay the outstanding Pension
Notes and deferred interest, the unpaid debt related to the Pension Notes has
been treated as forgiven for book purposes and resulted in $18,991,176 of income
for the year ended 2002. For tax purposes, any income relating to the
forgiveness of unpaid debt and deferred interest will be recognized in the year
the Pension Notes are deemed cancelled, which has not yet occurred. Upon final
liquidation of the Partnership's cash reserves, to the extent any funds are in
excess of liabilities, those funds will be distributed to the Pension Note
holders.
8
The Partnership adopted Financial Accounting Standards Board (FASB) Statement
No. 145, Recession of FASB No. 4,44 and 64, Amendment of FASB No. 13 and
Technical Corrections, during the first quarter of 2003. Upon adoption of FASB
Statement No. 145, the Partnership reclassified its extraordinary income
recorded in 2002 on debt forgiveness to ordinary income.
Basis of Presentation
The accompanying balance sheet as of December 31, 2002 has been derived from
audited financial statements of the Partnership for the year ended December 31,
2002 and the accompanying unaudited financial statements, as of June 30, 2003
and 2002, have been prepared pursuant to the rules and regulations of the
Securities and Exchange Commission. As of December 31, 2001, the Partnership
changed its basis of accounting from going-concern basis to liquidation basis.
Under this basis of accounting, assets and liabilities are stated at their net
realizable value and estimated costs through the liquidation date are provided
to the extent reasonably determinable. Certain information and note disclosures
normally included in the annual financial statements prepared in accordance with
accounting principles generally accepted in the United States have been
condensed or omitted pursuant to those rules and regulations. For further
information, refer to the financial statements and notes thereto for the year
ended December 31, 2002 included in the Partnership's Annual Report on Form 10-K
filed with the Securities and Exchange Commission on March 28, 2003.
In the opinion of management, the accompanying financial statements contain all
adjustments, all of which were normal recurring accruals, necessary to present
fairly the Partnership's net (liabilities) assets in liquidation as of June 30,
2003 and December 31, 2002, statements of changes in net (liabilities) assets in
liquidation for the six month period ended June 30, 2003, results of operations,
changes in Partner's equity (deficit) and cash flows for six month periods ended
June 30, 2003 and 2002. The results of operations for the three and six-month
periods ended June 30, 2003 are not necessarily indicative of the results for
the year ending December 31, 2003.
B. TRANSACTIONS WITH THE GENERAL PARTNER AND AFFILIATES OF THE GENERAL PARTNER
Effective January 23, 1995, Capital Realty Group Senior Housing, Inc. (CRGSH)
became the sole general partner of the Partnership. On June 10, 1998, the sole
owner of CRGSH, Capital Realty Group Corporation, sold all of its shares of
CRGSH common stock to Retirement Associates, Inc. ("Associates"). Mr. Robert
Lankford is the President of Associates and has brokered and continues to broker
real estate as an independent contractor with Capital Realty Group Corporation
and its affiliates.
Certain home office personnel who perform services for the Partnership are
employees of Capital Senior Living, Inc. (CSL), an affiliate of CRGSH until June
30, 1998. The Partnership reimburses CSL for the salaries, related benefits, and
overhead reimbursements of such personnel as reflected in the accompanying
financial statements. Salary and related benefits reimbursed and expensed by the
Partnership to CSL for each of the fiscal quarter ended June 30, 2003 and 2002,
were $0. Management fees, dietary fees and other services reimbursed and
expensed by the Partnership to CSL for the fiscal quarter ended June 30, 2003
and 2002, were $26,700 and $0, respectively. Unpaid management fees, dietary
fees and other services to CSL at June 30, 2003 were $106,800.
In connection with the sale of the Amberleigh, the General Partner became
entitled to a brokerage fee of $255,000. In January 2002, the Partnership paid
the General Partner one-half of this amount, or $127,500. The General Partner
9
remains entitled to receive the balance of this brokerage fee in the amount of
$127,500, which has been accrued for payment at June 30, 2003.
There were no distributions to the General Partner during the six months ended
June 30, 2003 and 2002.
C. LEGAL PROCEEDINGS
On September 17, 2002, William Bren filed a putative class action complaint on
behalf of certain holders of Pension Notes of the Partnership in the Delaware
Court of Chancery, C.A. No. 19902 (the "Bren Action"), against the Partnership
and the General Partner. The complaint in the Bren Action, which was amended on
December 3, 2002, alleges that the General Partner breached its fiduciary duty
by failing to initiate a lawsuit against, among others, the former General
Partner and its principals in connection with the sale of four properties by the
Partnership in September 1998; failed to disclose material information and
promised to make certain distributions when it solicited consents from the
Pension Note holders in 2001 to facilitate the sale of the Partnership's fifth
property, the Amberleigh, which sale occurred in December 2001; and failed to
disclose material information in connection with obtaining releases from the
Pension Note holders in 2002. The Bren Action also seeks a judgment against the
Partnership for failing to pay the full amount of the principal and interest
owed on the Pension Notes on December 21, 2001, the maturity date of the Pension
Notes.
On February 10, 2003, the defendants moved to dismiss the amended complaint in
the Bren Action or, alternatively, for summary judgment. Briefing has been
completed on this motion and the matter is expected to be submitted to the Court
shortly for decision. Previously, on October 15, 2002, plaintiff filed a motion
for class certification, which plaintiff is pursuing at the present time. The
Partnership believes the allegations asserted in the Bren Action are without
merit and intends to defend against these claims. The Partnership is unable at
the time to estimate liability, if any, related to this claim.
D. PENSION NOTES
Relating to the sale of the Amberleigh on December 31, 2001, the Partnership
paid $9,538,066 for a partial redemption of Notes, and paid $7,461,934 for a
partial redemption of deferred interest, effective February 28, 2002. Cash funds
were not sufficient at February 28, 2002 to fully repay the outstanding
principal and deferred interest balance of $18,991,176. Since available cash
after payment of Partnership expenses and potential collection of the Amberleigh
promissory notes was insufficient to repay the outstanding Notes and deferred
interest, the unpaid debt related to the Notes has been treated for book
purposes as forgiven and resulted in $18,991,176 of income for the year ended
2002. For tax purposes any income relating to the forgiveness of unpaid debt and
deferred interest will be recognized in the year the Notes are deemed cancelled,
which has not yet occurred. Upon final liquidation of the Partnership's cash
reserves, to the extent any funds are in excess of liabilities, those funds will
be distributed to Note Holders.
The Partnership's obligation to repay the principal amount of the Notes, which
matured on December 31, 2001, and stated interest thereon, is limited to the
assets of the Partnership. The Notes are subject to redemption in whole or in
part upon not less than 30 or more than 60 days prior notice, at the election of
the Partnership.
10
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS
Liquidity and Capital Resources
Rent and other asset collections for the six month period ended June 30, 2003
increased to $326,858 in 2003 from $27,159 in 2002. Increased rent and other
asset collections were due to collections of accounts receivable and escrows
related to the sale of the Amberleigh. Salaries, management fees and other
operating expenses paid likewise decreased, from $887,550 in 2002 to $229,581 in
2003. Decreased operating expenses paid was due to the sale of the Amberleigh
and its related December 31, 2001 accruals paid in the first quarter ended March
31, 2002.
Relating to the sale of the Amberleigh on December 31, 2001, the Partnership
paid $9,538,066 for a partial redemption of Notes, and paid $7,461,934 for a
partial payment of deferred interest, effective February 28, 2002. Cash funds
were not sufficient at February 28, 2002 to fully repay the outstanding
principal balance of $18,991,176 in Notes and deferred interest. Since available
cash after payment of Partnership expenses and potential collection of the
Amberleigh promissory notes was insufficient to repay the outstanding Notes and
deferred interest, the unpaid debt has been treated for book purposes as
forgiven and resulted in $18,991,176 of income for the year ended 2002. Net cash
provided by (used in) operations after the payment of interest expense during
the six months ended June 30, 2003 and 2002 was $101,416 and $(8,321,431),
respectively. Interest on the Notes bears stated simple interest at 13 percent
rate per annum, and is paid on a 7 percent rate per annum, however it was
accrued under the effective interest method at a rate of approximately 9 percent
per annum compounded quarterly through May 2001. As of June 2001, the
Partnership began recording accrued interest on the principal at the stated
interest rate which represents the amount that was scheduled to be due upon
dissolution of the Partnership. Interest expense totaled $0 and $423,590 for the
six months ended June 30, 2003 and 2002, respectively.
Cash and cash equivalents at June 30, 2003 and December 31, 2002 amounted to
$162,360 and $60,944, respectively.
Dissolution of Partnership
On February 12, 2001, due to the pending maturity of the Pension Notes at
December 31, 2001 and to obtain maximum value through an organized disposition
of Partnership assets, the General Partner notified the Pension Note holders and
Assignee Interest holders of its intent to dissolve the Partnership effective
May 21, 2001 and liquidate its remaining property, the Amberleigh.
On December 31, 2001, the Partnership sold the Amberleigh to an unaffiliated
entity for $20,000,000. The Partnership received two $1,000,000 promissory
notes, each payable within 12 months from the date of sale, one note subject to
the purchaser obtaining certain levels of financing proceeds and the other note
subject to the property achieving certain levels of operating income. The
Partnership did not satisfy the requirements for payment under either promissory
note, and therefore the Partnership will not receive any proceeds from these
notes. The balance of the sale proceeds net of settlement costs and other direct
costs associated with the sale was paid in cash, resulting in net sale proceeds
11
of $16,014,830. The Partnership recognized a $1,491,679 loss on the sale in
2001. On December 31, 2001, the principal on the Pension Notes and deferred
interest of approximately $35,504,000 matured.
Relating to the sale of the Amberleigh on December 31, 2001, the Partnership
paid $9,538,066 for a partial redemption of Notes, and paid $7,461,934 for a
partial payment of deferred interest, effective February 28, 2002. Cash funds
were not sufficient at February 28, 2002 to fully repay the outstanding
principal balance of $18,991,176 in Notes and deferred interest. Since available
cash after payment of Partnership expenses and potential collection of the
Amberleigh promissory notes was insufficient to repay the outstanding Pension
Notes and deferred interest, the unpaid debt related to the Pension Notes has
been treated as forgiven for book purposes and resulted in $18,991,176 of income
for the year ended 2002. For tax purposes, any income relating to the
forgiveness of unpaid debt and deferred interest will be recognized in the year
the Pension Notes are deemed cancelled, which has not yet occurred. Upon final
liquidation of the Partnership's cash reserves, to the extent any funds are in
excess of liabilities, those funds will be distributed to the Pension Note
holders.
12
Results of Operations
The Partnership net income (loss) decreased from $18,307,651 to $(203,961) for
the six-month periods ended June 30, 2002 and 2003, respectively. Net income
(loss) per assignee interest decreased from $428 to $(5) for the three-month
periods ended June 30, 2002 and 2003, respectively. The increase in the
Partnership's net loss was principally due to $18,991,176 of income recognized
from the dissolution of the Partnership and debt forgiveness of outstanding
notes and deferred interest in 2002. Total revenues for the six-month periods
increased from $2,092 in 2002 to $4,139 in 2003. Total operating costs and
expenses decreased from $76,041 in 2002 to $9,519 in 2003. The decrease in
operating expenses primarily was due to decreased administrative and marketing
costs. Note interest expense decreased from $423,590 to $0 for the six-month
periods ended June 30, 2002 and 2003, respectively. The decrease in Note
interest expense is due to the cessation of interest expense on the Note release
date of February 28, 2002. Other expenses relating to Partnership administration
increased from $185,986 to $198,581 for the six-month periods ended June 30,
2002 and 2003, respectively, due to increased professional costs.
For the three months ended June 30, 2003 as compared with the three months ended
June 30, 2002, the Partnership's revenue was impacted by the same shifts of
revenue as discussed above. Similarly, a comparison of second quarter 2003
operating expenses versus second quarter 2002 reflects the same variances as
discussed above, with the exception that other expense decreased from $94,611 to
$86,459 for the quarter ending June 30, 2002 and 2003, respectively, due to
decreased printing costs.
ITEM 3. QUALITATIVE AND QUANTITATIVE DISCLOSURES ABOUT MARKET RISK.
The Partnership invests its cash in money market accounts. As a result, the
Partnership believes any impact of market risk to the Partnership's investments
is immaterial.
ITEM 4. CONTROLS AND PROCEDURES
The Partnership's General Partner including its Chief Executive Officer and
Chief Financial Officer, after evaluating the effectiveness of the Partnership's
disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e)
under the Securities Exchange Act of 1934) have concluded in their judgment
that, as of the end of the period covered by this quarterly report on Form 10-Q,
the Partnership's disclosure controls and procedures were adequate and designed
to ensure that material information relating to the Partnership and its
subsidiaries would be made known to them.
There were no significant changes in the Partnership's internal controls or, to
the General Partner's knowledge, in other factors that could significantly
affect its disclosure controls and procedures subsequent to the date of
evaluation.
13
PART II
Item 1. Legal Proceedings
On September 17, 2002, William Bren filed a putative class action complaint on
behalf of certain holders of Pension Notes of the Partnership in the Delaware
Court of Chancery, C.A. No. 19902 (the "Bren Action"), against the Partnership
and the General Partner. The complaint in the Bren Action, which was amended on
December 3, 2002, alleges that the General Partner breached its fiduciary duty
by failing to initiate a lawsuit against, among others, the former General
Partner and its principals in connection with the sale of four properties by the
Partnership in September 1998; failed to disclose material information and
promised to make certain distributions when it solicited consents from the
Pension Note holders in 2001 to facilitate the sale of the Partnership's fifth
property, the Amberleigh, which sale occurred in December 2001; and failed to
disclose material information in connection with obtaining releases from the
Pension Note holders in 2002. The Bren Action also seeks a judgment against the
Partnership for failing to pay the full amount of the principal and interest
owed on the Pension Notes on December 21, 2001, the maturity date of the Pension
Notes.
On February 10, 2003, the defendants moved to dismiss the amended complaint in
the Bren Action or, alternatively, for summary judgment. Briefing has been
completed on this motion and the matter is expected to be submitted to the Court
shortly for decision. Previously, on October 15, 2002, plaintiff filed a motion
for class certification, which plaintiff is pursuing at the present time. The
Partnership believes the allegations asserted in the Bren Action are without
merit and intends to defend against these claims. The Partnership is unable at
the time to estimate liability, if any, related to this claim.
14
Item 2. Changes in Securities
None
Item 3. Defaults upon Senior Securities
None
Item 4. Submission of matters to a Vote of Security Holders
None
Item 5. Other Information
None
Item 6. Exhibits and Reports on Form 8-K
(A) Exhibit:
31.1 Certification Pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002
32.1 Certification Pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002
(B) Reports on Form 8-K
None
15
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned, thereunto duly authorized.
NHP RETIREMENT HOUSING PARTNERS I LIMITED PARTNERSHIP
By: Capital Realty Group Senior Housing, Inc.
General Partner
By: /s/ Robert Lankford
----------------------------------
Robert Lankford
President (duly authorized officer and principal financial officer)
Date: August 14, 2003