-----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, JwyAfIl5ARBXGAjZ7l5GDNvJNwGzjQ6K8MuTLxa8jZUyDKjR9rKMwh8QQ4xtzWgm uBfrZoXFfIZSx7GvDuMVrA== 0000711642-08-000470.txt : 20081002 0000711642-08-000470.hdr.sgml : 20081002 20081002162243 ACCESSION NUMBER: 0000711642-08-000470 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080929 ITEM INFORMATION: Other Events FILED AS OF DATE: 20081002 DATE AS OF CHANGE: 20081002 FILER: COMPANY DATA: COMPANY CONFORMED NAME: REAL ESTATE ASSOCIATES LTD VII CENTRAL INDEX KEY: 0000722648 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 953290316 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-13810 FILM NUMBER: 081103767 BUSINESS ADDRESS: STREET 1: 9090 WILSHIRE BLVD 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 real7sept29_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) September 29, 2008

 

REAL ESTATE ASSOCIATES LIMITED VII

(Exact name of registrant as specified in its charter)

 

 

            California                0-13810                 95-3290316

      (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 VII (the “Registrant”) has a 99.9% general partner interest in Real Estate Associates IV which, in turn, has a 98.99% limited partner interest in Hampshire House Apartments, Ltd., an Ohio limited partnership (“Hampshire House”). On September 29, 2008, Hampshire House entered into an Agreement of Sale and Purchase to sell its investment property, Hampshire House Apartments, to a third party, The Orlean Company (the “Purchaser”), an Ohio corporation, for a gross sales price of $4,600,000. After payment of closing costs and non-recourse notes payable due to an affiliate of the Purchaser, the Registrant expects to receive a distribution of approximately $217,000 from the sale of Hampshire House Apartments. The Registrant had no investment balance remaining in Hampshire House as of June 30, 2008.

 

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 VII

 

 

By:  National Partnership Investments Corp.

Corporate General Partner

 

 

By:  /s/Stephen B. Waters

Stephen B. Waters

Vice President

 

 

Date: October 2, 2008

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