Attached files
| file | filename |
|---|---|
| EX-10.3 - EXHIBIT 10.3 - REAL ESTATE ASSOCIATES LTD VI | real6cadybrook_ex10z3.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) January 25, 2010
REAL ESTATE ASSOCIATES LIMITED VI
(Exact name of Registrant as specified in its charter)
|
California |
0-13112 |
95-3778627 |
|
(State or other jurisdiction |
(Commission |
(I.R.S. Employer |
|
of incorporation) |
File Number) |
Identification Number) |
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 8.01 Other Events
Real Estate Associates Limited VI, a California limited partnership (the “Registrant”), holds a 95% limited partnership interest in Charlton Housing Associates Limited Partnership, a Massachusetts limited partnership, (“Charlton Housing” or “Seller”). On January 25, 2010, Charlton Housing sold its sole investment property, Cady Brook Apartments (“Cady Brook”), to a third party, CBA Housing Limited Partnership, a Massachusetts limited partnership (“Purchaser”), for a gross sales price of approximately $1,588,000. Pursuant to a Letter Agreement between Seller and Purchaser’s affiliate, Seller’s proceeds are being held in escrow pending final approval for release from Purchaser’s equity investor. In the event the sales proceeds are not released to Seller on or before February 4, 2010, Seller will record a quitclaim deed to transfer Cady Brook back to Seller and unwind the transaction. In the event the sales proceeds are released to Seller, the Registrant expects to receive proceeds of approximately $142,000 from the sale of Cady Brook. The Registrant had no investment balance in Cady Brook at September 30, 2009.
Item 9.01 Financial Statements and Exhibits
(d) Exhibit
10.3
Letter Agreement between Charlton Housing
Associates Limited Partnership, a
Massachusetts limited partnership, and HAP Inc., a Massachusetts non-profit
corporation, dated January 25, 2010.
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.
|
|
REAL ESTATE ASSOCIATES LIMITED VI |
|
|
|
|
|
By: National Partnership Investments Corp. |
|
|
Corporate General Partner |
By: /s/Stephen B. Waters
Stephen B. Waters
Senior Director
Date: February 1, 2010