-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, DHukaDcOX/Uz/UauR4FrsvJuTRPQl2rzSncxevHuTsTqLdhSiLoctAJg0vGEeo45 Tj52j7cz5hGh9+11qZzxeQ== 0000705752-94-000001.txt : 19940224 0000705752-94-000001.hdr.sgml : 19940224 ACCESSION NUMBER: 0000705752-94-000001 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19940208 ITEM INFORMATION: 2 ITEM INFORMATION: 7 FILED AS OF DATE: 19940223 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CENTURY PROPERTIES FUND XIX CENTRAL INDEX KEY: 0000705752 STANDARD INDUSTRIAL CLASSIFICATION: 6500 IRS NUMBER: 942887133 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 34 SEC FILE NUMBER: 000-11935 FILM NUMBER: 94511989 BUSINESS ADDRESS: STREET 1: 950 TOWER LANE STREET 2: C/O METRIC MANAGEMENT INC CITY: FOSTER CITY STATE: CA ZIP: 94404 BUSINESS PHONE: 4153787000 8-K 1 PROPERTY SALE PLANTATION FOREST FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 FEBRUARY 8, 1994 ---------------- Date of Report (Date of Earliest Event Reported) CENTURY PROPERTIES FUND XIX -------------------------- (Exact name of registrant as specified in its charter) 0-11935 CALIFORNIA 94-2887133 -------- ---------- ---------- (Registration (State or Other (IRS Employer File Jurisdiction of Identification Number) Incorporation) Number) 950 TOWER LANE, FOSTER CITY, CALIFORNIA 94404 --------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (415) 378-7000 (800) 366-6707 ... WATS LINE FOR ALL STATES ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS (a) The Registrant was organized to acquire, manage and ultimately sell income-producing real properties. In the course of its business, Plantation Forest Apartments, the property providing security on a mortgage note payable by the Registrant, located in Atlanta, Georgia, was sold on February 8, 1994. TERMS OF ORIGINAL ACQUISITION On June 19, 1984, the Registrant acquired Plantation Forest Apartments for $3,429,000, of which $1,440,000 represented cash down payment and $229,000 represented acquisition fees and miscellaneous costs paid as part of the acquisition of the property. A mortgage loan of $1,760,000 encumbered the property. TERMS OF DISPOSITION AND FINANCING Plantation Forest Apartments was sold for $2,450,000. After payment of the existing loan of $1,965,000 and expenses of sale of $3,000, the proceeds to the Registrant were approximately $482,000. CARRYING AMOUNT AT DATE OF SALE At the date of sale the carrying amount of land and improvements, unamortized deferred refinance costs, for financial statement purposes was $2,596,000. For tax reporting purposes the carrying value of land and improvements at the date of sale was $1,692,000. GAIN OR LOSS ON SALE The estimated loss on the sale of Plantation Forest Apartments under the accrual method of accounting is $149,000, which will be recognized in 1994. Under the tax method of accounting, the gain on sale is $427,000 and ordinary income from depreciation recapture is $328,000. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS (a) Financial statements. Not applicable. (b) Pro Forma Financial Information. Subsequent to the sale and upon receipt, the Registrant will amend this Report to include pro forma financial statements. (c) Exhibits. The Registrant will amend its Form 8-K to include the disposition documents for Plantation Forest Apartments. 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 thereunto duly authorized. REGISTRANT CENTURY PROPERTIES FUND XIX By:FOX PARTNERS II Its General Partner By:FOX CAPITAL MANAGEMENT CORPORATION A General Partner By: NPI Equity Investments II, Inc. ("NPI"), its managing partner By:/s/ Arthur N. Queler -------------------- Arthur N. Queler Executive Vice President (Principal Financial and Accounting Officer) and Director NPI Date: February 17, 1994 -----END PRIVACY-ENHANCED MESSAGE-----