-----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, UcSnntKnEQuTnwkKVHi5BfLTutAZY8aiHSB0WdjII/qFqTyszgJrMC37BPq9EgDs Ry7T1+k4zkahCC5TpiMk/w== 0000711642-10-000039.txt : 20100226 0000711642-10-000039.hdr.sgml : 20100226 20100226144253 ACCESSION NUMBER: 0000711642-10-000039 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100218 ITEM INFORMATION: Other Events FILED AS OF DATE: 20100226 DATE AS OF CHANGE: 20100226 FILER: COMPANY DATA: COMPANY CONFORMED NAME: REAL ESTATE ASSOCIATES LTD V CENTRAL INDEX KEY: 0000702644 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 953768810 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-12438 FILM NUMBER: 10638321 BUSINESS ADDRESS: STREET 1: 9090 WILSHIRE BLVD STREET 2: STE 201 CITY: BEVERLY HILLS STATE: CA ZIP: 90211 BUSINESS PHONE: 3102782191 MAIL ADDRESS: STREET 1: 9090 WILSHIRE BLVD STREET 2: STE 201 CITY: BEVERLY HILLS STATE: CA ZIP: 90211 8-K 1 real5threerivers_8k.htm 8K UNITED STATES

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) February 18, 2010

 

REAL ESTATE ASSOCIATES LIMITED V

(Exact name of Registrant as specified in its charter)

 

California

0-012438

95-3768810

(State or other jurisdiction

(Commission

(I.R.S. Employer

of incorporation)

File Number)

Identification Number)

 

55 Beattie Place

Post Office Box 1089

Greenville, South Carolina 29602

(Address of principal executive offices)

 

 

(864) 239-1000

(Issuer's telephone number)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations 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

 

Real Estate Associates Limited V, a California limited partnership (the “Registrant”), owns a 99% limited partnership interest in Richland Senior Associates, a Washington limited partnership (the “Partnership” or “Seller”). The Partnership owns Richland Three Rivers Retirement Apartments (“Three Rivers”), a 40-unit apartment complex located in Richland, Washington. On June 25, 2009 (the “Effective Date”), the Seller had entered into a Purchase and Sale Agreement (the “Purchase Agreement”) with a third party, American Baptist Homes of the West, a California nonprofit public benefit corporation (the “Purchaser”), relating to the sale of Three Rivers for a total sales price of $1,800,000.  The Registrant was not informed of the Purchase Agreement and did not learn of its existence until February 18, 2010. The closing date is scheduled for March 31, 2010. However, the Registrant has not provided its consent to the sale, which is required pursuant to the Seller’s partnership agreement. Consent of the Registrant would require the affirmative consent of a majority of the Registrant’s limited partners.  The Purchase Agreement, which the Registrant was not given an opportunity to review prior to its execution, does not contain a closing contingency related to the Registrant’s consent. The Registrant’s investment balance in the Partnership was zero at September 30, 2009. The Registrant anticipates receiving proceeds from the sale of Three Rivers but is unable to determine the amount of such proceeds at this time.

 

 

 

 

 

 

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 V

 

By:  National Partnership Investments Corp.

Corporate General Partner

 

By:  /s/Stephen B. Waters

Stephen B. Waters

Senior Director

 

 

  Date:  February 26, 2010

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