8-K 1 sp6dec19.txt SP6DEC19 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 19, 2005 SHELTER PROPERTIES VI (Exact name of Registrant as specified in its charter) South Carolina 0-13261 57-0755618 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation or File Number) Identification Number) organization) 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 1.02 Termination of a Material Definitive Agreement. Shelter Properties VI Limited Partnership (the "Registrant"), a South Carolina limited partnership, owns Rocky Creek Apartments ("Rocky Creek"), a 120-unit apartment complex located in Augusta, Georgia. As previously disclosed, on October 20, 2005, the Registrant and two other partnerships that own apartment complexes (together with the Registrant, the "Selling Partnerships"), entered into a Purchase and Sale Contract (the "Purchase Agreement") with a third party, Chartwell Augusta, LLC, a Delaware limited liability company (the "Purchaser"), to sell the three apartment complexes owned by the Selling Partnerships to the Purchaser for a total sales price of $22,900,000, of which $4,450,000 was allocated to Rocky Creek. Each of the Selling Partnerships is affiliated with AIMCO Properties, L.P., an affiliate of the corporate general partner of the Registrant. Under the terms of the Purchase Agreement, the Purchaser may terminate the Purchase Agreement at any time prior to the expiration of the feasibility period as defined in the Purchase Agreement. On December 19, 2005, the Purchaser delivered written notice of its election to terminate the Purchase Agreement pursuant to its terms. 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. SHELTER PROPERTIES VI By: Shelter Realty VI Corporation Corporate General Partner By: /s/Martha L. Long Martha L. Long Senior Vice President Date: December 22, 2005