UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): December 10, 2013
REAL ESTATE ASSOCIATES LIMITED
(Exact name of registrant as specified in its charter)
| California | 0-09262 | 95-3187912 | |||
| (State or Other Jurisdiction of | (Commission File Number) | (I.R.S. Employer | |||
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| P.O. Box 91274 Los Angeles, California 90009 | ||||
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Registrant’s Telephone Number, Including Area Code: (720) 387-8135
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation 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 2.01
Completion of Acquisition or Disposition of Assets
Real Estate Associates Limited (the “Registrant”) is the general partner and the 99% limited partner of Bethel Towers Dividend Housing Association, a Michigan limited partnership (the “Partnership”).
As previously disclosed, on August 14, 2012, the Partnership entered into a purchase and sale contract to sell its investment property to a third party.
As previously disclosed on July 25, 2013, the Partnership entered into an amendment to its purchase and sale contract, the terms of which, among other things, extended the closing date for the sale of the Partnership’s investment property to December 13, 2013.
On December 10, 2013, the Partnership closed the sale of its investment property pursuant to its purchase and sale contract.
As a result of the sale of the Partnership’s investment property, the Registrant expects to receive a distribution of approximately $1,265,000 from the Partnership. The Registrant’s investment in the Partnership was zero as of December 10, 2012, the date on which the Registrant began consolidating its investment in the Partnership in the Registrant’s financial statements.
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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.
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| REAL ESTATE ASSOCIATES LIMITED |
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| By: National Partnership Investments, LLC Corporate General Partner By: /s/ Joseph Dryden |
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| Joseph Dryden |
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| Director of Reporting |
DATED: December 13, 2013