0001628280-15-000002.txt : 20150102 0001628280-15-000002.hdr.sgml : 20150102 20150102154930 ACCESSION NUMBER: 0001628280-15-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20141229 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150102 DATE AS OF CHANGE: 20150102 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NATIONAL PROPERTY INVESTORS 6 CENTRAL INDEX KEY: 0000708870 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 133140364 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-11864 FILM NUMBER: 15501360 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 npi6contractupdate8k.htm 8-K NPI 6 Contract Update 8K


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) December 29, 2014

NATIONAL PROPERTY INVESTORS 6
(Exact name of Registrant as specified in its charter)

      California
  0-11864
       13-3140364
(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 1.01    Entry into a Material Definitive Agreement.

National Property Investors 6, a California limited partnership (the “Registrant”), owns Colony at Kenilworth Apartments (the “Property”), a 383-unit apartment complex located in Towson, Maryland. As previously disclosed, effective November 25, 2014, the Registrant entered into a Purchase and Sale Contract (the “Purchase Agreement”) with a third party, Laramar Kona Real Estate Associates LLC, a Delaware limited liability company (the “Purchaser”), to sell the Property to the Purchaser for a total sales price of $45,500,000.
 
On December 29, 2014, the Registrant and Purchaser entered into a First Amendment to Purchase and Sale Contract (the “First Amendment”), pursuant to which the feasibility period ending date was extended to January 13, 2015 and the closing date was extended to February 26, 2015.

This summary of the terms and conditions of the First Amendment is qualified in its entirety by reference to the First Amendment, a copy of which is attached as an exhibit.
 
  
Item 9.01 Financial Statements and Exhibits
 
(d)   Exhibit
 
10.41     First Amendment to Purchase and Sale Contract between National Property Investors 6, a California limited partnership, and Laramar Kona Real Estate Associates LLC, a Delaware limited liability company, dated December 29, 2014.
 






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.



NATIONAL PROPERTY INVESTORS 6


By:    NPI EQUITY INVESTMENTS, INC.
Managing General Partner


By:    /s/Stephen B. Waters
Stephen B. Waters
Senior Director of Partnership Accounting


Date:    January 2, 2015



EX-10.41 2 npi6sale8kupdateexhibit.htm EXHIBIT 10.41 NPI 6 Sale 8K Update Exhibit


Exhibit 10.41
FIRST AMENDMENT TO
PURCHASE AND SALE CONTRACT

This First Amendment to Purchase and Sale Contract (this “Amendment”) is made as of December 29, 2014, by and between NATIONAL PROPERTY INVESTORS 6, a California limited partnership (“Seller”), and LARAMAR KONA REAL ESTATE ASSOCIATES LLC, an Delaware limited liability company (“Purchaser”).

RECITALS:

A.    Seller and Purchaser have heretofore entered into a certain Purchase and Sale Contract dated as of November 25, 2014 (the “Agreement”), providing for the purchase and sale of the property commonly known as Colony at Kenilworth Apartments in Towson, Maryland, on the terms and conditions set forth therein.

B.    Seller and Purchaser now desire to amend the Agreement as set forth below.

NOW, THEREFORE, in consideration of the matters recited above, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Seller and Purchaser hereby agree as follows:

AGREEMENTS:

1.    Incorporation of Recitals; Defined Terms. The matters recited above are hereby incorporated in this Amendment, with the same effect and as though fully set forth herein. Terms used in this Amendment as defined terms and not otherwise defined herein shall have the meanings assigned to them in the Agreement.

2.    Amendment of Agreement. The Agreement is hereby amended in the following respects: The expiration of the Feasibility Period is hereby extended to and including
January 13, 2015; and Seller and Purchaser agree that the Closing Date will occur on
February 26, 2015.
        
3.    Agreement in Full Force and Effect. Except as expressly amended by this Amendment, the Agreement remains in full force and effect, according to its terms.

4.    Counterparts. For convenience of the parties this Amendment may be signed in counterparts, all of which when taken together will constitute one and the same agreement. Original signed copies of this Amendment may be transmitted to the other party via electronic mail in pdf file form, which will be deemed to have the same force and effect as an original signed agreement.



[Signature page follows.]











IN WITNESS WHEREOF, Seller and Purchaser have executed this Amendment, as of the date first above written.

SELLER:

NATIONAL PROPERTY INVESTORS 6,
a California limited partnership

By:    NPI EQUITY INVESTMENTS, INC.,
a Florida corporation,
its general partner


By: /s/ Mark C. Reoch
Name: Mark C. Reoch
Title: Vice President, Transactions


PURCHASER:

LARAMAR KONA REAL ESTATE ASSOCIATES LLC,
a Delaware limited liability company

By: /s/ Keith Harris
Name: Keith Harris
Title: Vice President