-----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, F2biudpRrqPcic4N3B5K1JKE7LgJagb7p1Os2jjsMg0yTiK2U1GMwf5i5ZVBTZwp znrbWLzGMfH9gwOJnlSkPw== 0000731245-00-000002.txt : 20000328 0000731245-00-000002.hdr.sgml : 20000328 ACCESSION NUMBER: 0000731245-00-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000315 ITEM INFORMATION: FILED AS OF DATE: 20000327 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PRESIDENTIAL REALTY CORP/DE/ CENTRAL INDEX KEY: 0000731245 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 131954619 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-08594 FILM NUMBER: 579012 BUSINESS ADDRESS: STREET 1: 180 S BROADWAY CITY: WHITE PLAINS STATE: NY ZIP: 10605 BUSINESS PHONE: 9149481300 MAIL ADDRESS: STREET 1: 180 SOUTH BROADWAY CITY: WHITE PLAINS STATE: NY ZIP: 10605 8-K 1 CURRENT REPORT 3/15/2000 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 15, 2000 -------------------- Presidential Realty Corporation - --------------------------------------------------------------------- (Exact name of registrant as specified in charter) DELAWARE 1-8594 13-1954619 - ---------------------------- ------------ ------------ (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification Number) 180 South Broadway, White Plains, New York 10605 - ------------------------------------------- ------ (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (914) 948-1300 -------------- No change since last Report - ------------------------------------------------- (Former name or former address, if changed since last report) Item 2. Acquisition or Disposition of Assets. (a) On March 15, 2000 the Company acquired Farrington Apartments, a 224 unit garden apartment property in Clearwater, Florida, from Royal River Partners, L.P. The purchase price for the property was $9,630,950. The purchase price was paid with the proceeds of a new $7,900,000 first mortgage loan from Continental Wingate Associates, Inc. and with cash from the Company's available funds. The amount of the purchase price was determined by arms-length negotiations between the Company and the seller and was supported by an appraisal obtained by the Lender in connection with the purchase money loan. Financial statements and pro forma financial information required by Form 8-K will be filed by Amendment to this Form 8-K not later than sixty days after the date hereof. (b) not applicable. SIGNATURES 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. Date: March 27, 2000 PRESIDENTIAL REALTY CORPORATION By: Jeffrey F. Joseph ---------------------------- Jeffrey F. Joseph President -----END PRIVACY-ENHANCED MESSAGE-----