0000711642-12-000085.txt : 20120403 0000711642-12-000085.hdr.sgml : 20120403 20120403143923 ACCESSION NUMBER: 0000711642-12-000085 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120329 ITEM INFORMATION: Completion of Acquisition or Disposition of Assets ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120403 DATE AS OF CHANGE: 20120403 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CENTURY PROPERTIES FUND XIX CENTRAL INDEX KEY: 0000705752 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 942887133 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-11935 FILM NUMBER: 12736968 BUSINESS ADDRESS: STREET 1: 55 BEATTIE PLACE STREET 2: P O BOX 1089 CITY: GREENVILLE STATE: SC ZIP: 29602 BUSINESS PHONE: 8642391000 MAIL ADDRESS: STREET 1: 55 BEATTIE PLACE STREET 2: P O BOX 1089 CITY: GREENVILLE STATE: SC ZIP: 29602 8-K 1 cpf19greenspoint_8k.htm FORM 8-K 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) March 29, 2012

 

CENTURY PROPERTIES FUND XIX, LP

 (Exact name of Registrant as specified in its charter)

 

 

Delaware

0-11935

94-2887133

(State or other jurisdiction

(Commission

(I.R.S. Employer

of incorporation)

File Number)

Identification Number)

 

 

80 International Drive

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 2.01 Completion of Acquisition or Disposition of Assets.

          

Century Properties Fund XIX, LP, a Delaware limited partnership (the “Registrant”), owned Greenspoint at Paradise Valley (“Greenspoint”), a 336-unit apartment complex located in Phoenix, Arizona. On March 29, 2012, the Registrant sold Greenspoint to a third party, Hamilton Zanze & Company, a California corporation, for a total sales price of $29,750,000. The Registrant continues to own and operate three other investment properties.

 

In accordance with the terms of the Amended and Restated Limited Partnership Agreement of the Registrant, the Registrant’s managing general partner is currently evaluating the cash requirements of the Registrant to determine what portion of the net sales proceeds, if any, will be available to distribute to the Registrant’s partners.

 

Item 9.01 Financial Statements and Exhibits.

 

 (b) Pro forma financial information.

 

The following unaudited pro forma balance sheet and statement of operations reflects the operations of the Registrant as if Greenspoint had been sold on January 1, 2011.

 

The pro forma financial statements do not project the Registrant’s results of operations at any future date or for any future period. This pro forma information should be read in conjunction with the Registrant’s Annual Report on Form 10-K for the fiscal year ended December 31, 2011.

PRO FORMA BALANCE SHEET

(in thousands)

December 31, 2011

 

All other assets

       $  1,179

Investment properties, net

         21,691

    Total Assets

       $ 22,870

 

 

All other liabilities

       $  7,495

Mortgage notes payable

         37,351

Partners’ deficit

        (21,976)

    Total Liabilities and Partners’ Deficit

       $ 22,870

 

 

PRO FORMA STATEMENTS OF OPERATIONS

(in thousands, except per unit data)

 

 

 Year Ended

 

December 31, 2011

 

 

Total revenues

     $  7,559

Total expenses

      (12,755)

Casualty gain

     69

Net loss

     $ (5,127)

Net loss per limited partnership unit

     $ (50.65)