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): June 11, 2014



REAL ESTATE ASSOCIATES LIMITED VI

(Exact name of registrant as specified in its charter)



California

0-13112

95-3778627

(State or Other Jurisdiction of

(Commission File Number)

(I.R.S. Employer

Incorporation)

 

Identification No.)

 

 

 

 

P.O. Box 91274

Los Angeles, California 90009

 

(Address of Principal Executive Offices, including zip code)

 

 


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 1.01

Entry into a Material Definitive Agreement


Real Estate Associates Limited VI, a California limited partnership (the “Registrant”), holds a 90% limited partnership interest in Park Place Associates, a New Jersey limited partnership (the “Partnership”).  On June 11, 2014, the Registrant entered into an Assignment and Assumption Agreement (the “Assignment Agreement”) by and among the Registrant, Park Place Limited Partner, LLC, a Delaware limited liability company (“Assignee”) and Park Place Preservation, a Delaware limited liability company, the General Partner of the Partnership, pursuant to which Registrant and agreed to assign 100% of its interests in the Partnership to the Assignee in exchange for a payment of $900,000.  Following such payment, the Registrant will no longer hold any interest in the Partnership and will have no rights, obligations or liabilities related thereto.  Closing of this transaction is scheduled to occur no later than December 31, 2014.





1




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, LLC

Corporate General Partner


By:  /s/ Joseph Dryden                      

 

        Joseph Dryden

 

        V.P. of Finance/CFO



     DATED:  June 13, 2014