Attached files
file | filename |
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EX-10.XX - EXHIBIT 10XX - DAVIDSON GROWTH PLUS LP | dgpfairway_ex10zxx.htm |
EX-10.YY - EXHIBIT 10YY - DAVIDSON GROWTH PLUS LP | dgpfairway_ex10zyy.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) November 20, 2009
DAVIDSON GROWTH PLUS, L.P.
(Exact name of Registrant as specified in its charter)
Delaware 0-15675 52-1462866
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation or File Number) Identification Number)
organization)
55 Beattie Place
Post Office Box 1089
Greenville, South Carolina 29602
(Address of principal executive offices)
(864) 239-1000
(Issuer's telephone number)
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:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement.
Davidson Growth Plus, L.P., a Delaware limited partnership (the Registrant), owns a 99% interest in The New Fairways, L.P., a Delaware limited partnership (the Partnership). The Partnership owns The Fairway Apartments (Fairway), a 256-unit apartment complex located in Plano, Texas. As previously disclosed, on October 19, 2009 (the Effective Date), the Partnership entered into a Purchase and Sale Contract (the Purchase Contract) with a third party, Landbanc Capital, Inc., an Arizona corporation (the Purchaser), to sell Fairway to the Purchaser for a total sales price of $11,750,000.
On November 20, 2009, the Partnership and the Purchaser entered into a First Amendment to Purchase and Sale Contract (the First Amendment), pursuant to which the feasibility period was extended to November 23, 2009.
On November 23, 2009, the Partnership and the Purchaser entered into a Second Amendment to Purchase and Sale Contract (the Second Amendment), pursuant to which the purchase price was reduced to $11,650,000, the feasibility period was further extended from November 23, 2009 to December 18, 2009 and the expected closing date was extended from December 18, 2009 to January 18, 2010.
This summary of the terms and conditions of the First Amendment and Second Amendment is qualified in its entirety by reference to the First Amendment and Second Amendment, copies of which are attached hereto as exhibits.
Item 9.01 Financial Statements and Exhibits
(d) Exhibit
10 XX First Amendment to Purchase and Sale Contract between The New Fairways, L.P., a Delaware limited partnership, and Landbanc Capital, Inc., an Arizona corporation, dated November 20, 2009.
10 YY Second Amendment to Purchase and Sale Contract between The New Fairways, L.P., a Delaware limited partnership, and Landbanc Capital, Inc., an Arizona corporation, dated November 23, 2009.
SIGNATURE
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 hereunto duly authorized.
DAVIDSON GROWTH PLUS, L.P.
By: Davidson Growth Plus G.P. Corporation
Managing General Partner
By: /s/Stephen B. Waters
Stephen B. Waters
Senior Director
Date: November 25, 2009