-----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, O0yveevAPMaRF80bBIBY9mgiA/RNdTyXU6kJtCQnZyP1PPAMPjX/lpOYG6lMfyaU fCxaajHF4atSzUorNo3qBQ== 0001299933-06-005518.txt : 20060817 0001299933-06-005518.hdr.sgml : 20060817 20060817171844 ACCESSION NUMBER: 0001299933-06-005518 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060815 ITEM INFORMATION: Other Events FILED AS OF DATE: 20060817 DATE AS OF CHANGE: 20060817 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NNN Apartment REIT, Inc. CENTRAL INDEX KEY: 0001347523 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-130945 FILM NUMBER: 061041576 BUSINESS ADDRESS: STREET 1: 1551 N. TUSTIN AVENUE STREET 2: SUITE 200 CITY: SANTA ANA STATE: CA ZIP: 92705 BUSINESS PHONE: 714-667-8252 MAIL ADDRESS: STREET 1: 1551 N. TUSTIN AVENUE STREET 2: SUITE 200 CITY: SANTA ANA STATE: CA ZIP: 92705 8-K 1 htm_14498.htm LIVE FILING NNN Apartment REIT, Inc. (Form: 8-K)  

 

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):   August 15, 2006

NNN Apartment REIT, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)

     
Maryland 333-130945 20-3975609
_____________________
(State or other jurisdiction 		_____________
(Commission 		______________
(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
1551 N. Tustin Avenue, Suite 200, Santa Ana, California   92705
_________________________________
(Address of principal executive offices) 		  ___________
(Zip Code)
     
Registrant’s telephone number, including area code:   714-667-8252

Not Applicable
______________________________________________
Former name or former address, if changed since last report

 

Check the appropriate box below if the Form 8-K filing 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 8.01 Other Events.

On August 15, 2006, at a meeting of the Board of Directors of NNN Apartment REIT, Inc., our Board of Directors authorized our officers to take the necessary actions to acquire the Walker Ranch Apartment Homes property, a 325-unit class-A+ apartment property located in San Antonio, Texas, or the Walker Ranch property, for a purchase price of $30,750,000, contingent upon the following: (i) the minimum sale of 200,000 shares of our common stock required to release offering proceeds from the escrow account in accordance with our public offering prospectus; (ii) the sale of sufficient shares of our common stock and receipt of debt financing to provide the funds necessary to purchase the Walker Ranch property; and (iii) receipt of a satisfactory Phase I Environmental Report.

At the meeting held on August 15, 2006, our Board of Directors also approved the payment of an initial distribution rate of 6.0% per annum paid monthly to stockholders of record as of one business day following the close of the acquisi tion of the Walker Ranch property. However, there can be no assurance that we will be able to complete the acquisition of the Walker Ranch property.





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.

         
    NNN Apartment REIT, Inc.
          
August 17, 2006   By:   /s/ Stanley J. Olander
       
        Name: Stanley J. Olander
        Title: Chief Executive Officer
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