-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, S0Sg+kFcfysJaEIlvqeE4higVOrS9SeG0Mc1McEP2vOf4te3myrRkB0a4BBfJkon glInIu9KQDyGnbNjnv9nPg== 0000910643-98-000007.txt : 19980116 0000910643-98-000007.hdr.sgml : 19980116 ACCESSION NUMBER: 0000910643-98-000007 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980114 ITEM INFORMATION: FILED AS OF DATE: 19980115 SROS: AMEX FILER: COMPANY DATA: COMPANY CONFORMED NAME: WELLSFORD REAL PROPERTIES INC CENTRAL INDEX KEY: 0001038222 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 133926898 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-12917 FILM NUMBER: 98507392 BUSINESS ADDRESS: STREET 1: 610 FIFTH AVENUE SEVENTH FLOOR CITY: NEW YORK STATE: NY ZIP: 10020 BUSINESS PHONE: 2123332300 MAIL ADDRESS: STREET 1: 610 FIFTH AVENUE SEVENTH FLOOR CITY: NEW YORK STATE: NY ZIP: 10020 8-K 1 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 15, 1998 ---------------------------- (December 31, 1997) Wellsford Real Properties, Inc. - ----------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) 1-12917 13-3926898 - ----------------------------- ------------------------------------ (Commission File Number) (IRS Employer Identification No.) Maryland - ---------------------------------------------------------------------------- (State or other jurisdiction of incorporation) 610 Fifth Avenue, New York, New York 10020 - ---------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) (212) 333-2300 - ---------------------------------------------------------------------------- (Registrant's telephone number, including area code) Item 2. Acquisition or Disposition of Assets Wellsford Real Properties, Inc. has completed development of the 456-unit luxury apartment community, Blue Ridge at Palomino Park in Highlands Ranch, a suburb of Denver. Blue Ridge, a co-development of Wellsford Real Properties, Inc. and the Feld Company of Denver, was completed on schedule and under budget at a total development cost of approximately $41.5 million. The property is currently 94% occupied and 97% leased. Blue Ridge has been financed with a $34.5 million permanent loan due in 10 years from FHLMC at a fixed interest rate of 6.96%, including amortization of costs. Principal is amortized over a 30 year schedule. Blue Ridge was in the initial phase of construction development activity during 1996 and therefore no operating statement has been included herewith. 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 hereunto duly authorized. Wellsford Real Properties, Inc. -------------------------------------- (Registrant) Date: January 14, 1998 By: /s/Gregory F. Hughes ----------------------------- Gregory F. Hughes Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----