0000950134-95-002044.txt : 19950817 0000950134-95-002044.hdr.sgml : 19950817 ACCESSION NUMBER: 0000950134-95-002044 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19950731 ITEM INFORMATION: Acquisition or disposition of assets ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19950816 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: CONTINENTAL MORTGAGE & EQUITY TRUST CENTRAL INDEX KEY: 0000319416 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 942738844 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-10503 FILM NUMBER: 95564690 BUSINESS ADDRESS: STREET 1: 10670 N CENTRAL EXPWY STE 300 CITY: DALLAS STATE: TX ZIP: 75231 BUSINESS PHONE: 2146924700 FORMER COMPANY: FORMER CONFORMED NAME: CONSOLIDATED CAPITAL SPECIAL TRUST DATE OF NAME CHANGE: 19901122 8-K 1 FORM 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 JULY 31, 1995 -------------------------------------------------------------------------------- DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) CONTINENTAL MORTGAGE AND EQUITY TRUST -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) California 0-10503 94-2738844 -------------------------------------------------------------------------------- (State of Incorporation) (Commission (IRS Employer File No.) Identification No.) 10670 North Central Expressway, Suite 300, Dallas, TX 75234 -------------------------------------------------------------------------------- (Address of principal executive officers) (Zip Code) Registrant's telephone number, including area code: (214) 692-4700 Not Applicable -------------------------------------------------------------------------------- (Former name or former address, if changes since last report) 1 2 ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS On July 31, 1995, Continental Mortgage and Equity Trust (the "Trust") purchased McCallum Glen Apartments in Dallas, Texas for $6.0 million. The seller of the property was SII-Glen, Ltd., a Texas limited partnership. The property was constructed in 1986 and consists of 275 units that are 97% occupied. The Trust paid $1.8 million in cash and obtained new mortgage financing in the amount of $4.2 million. The $6.0 million purchase price is approximately 3.3% of the Trust's assets at December 31, 1994. However, this purchase combined with other property purchases the Trust has made in 1995, exceed 10% of the Trust's assets at December 31, 1994. The seller has informed the Trust that audited financial statements and supporting data relating to the property's operations for 1994 are not available. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (a)(3) It is impracticable to provide the required statement of operations for the property acquired or pro forma financial information. The required information will be filed by amendment of this Form 8-K as soon as practicable, but not later than September 29, 1995. 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 hereto duly authorized. CONTINENTAL MORTGAGE AND EQUITY TRUST Date: August 16, 1995 By: /s/ Thomas A. Holland ----------------------- --------------------------------- Thomas A. Holland Senior Vice President and Chief Accounting Officer 2