-----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, GnAvPqZpq3QChJChytJbFHtL+mFmguaI943IAkMH4Zs23DpYU2lc/cDN7oF3fsAX l9mJ5lB4p7mQ7Zvvgjs+2w== 0000711642-06-000236.txt : 20060630 0000711642-06-000236.hdr.sgml : 20060630 20060630143837 ACCESSION NUMBER: 0000711642-06-000236 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060627 ITEM INFORMATION: Completion of Acquisition or Disposition of Assets FILED AS OF DATE: 20060630 DATE AS OF CHANGE: 20060630 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NATIONAL PROPERTY INVESTORS 7 CENTRAL INDEX KEY: 0000732439 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 133230613 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-13454 FILM NUMBER: 06937122 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 npi7june27.htm 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) June 27, 2006


NATIONAL PROPERTY INVESTORS 7

(Exact name of Registrant as specified in its charter)



California

0-13454

13-3230613

(State or other jurisdiction

(Commission

(I.R.S. Employer

0f incorporation)

File Number)

Identification Number)

           

55 Beattie Place

Post Office Box 1089

Greenville, South Carolina 29602

(Address of principal executive offices)



(864) 239-1000

(Registrant'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.


National Property Investors 7, a California limited partnership, (the “Registrant”) owned Fairway View II Apartments, a 204-unit apartment complex located in Baton Rouge, Louisiana (“Fairway View II”). On June 27, 2006, the Registrant sold its last remaining investment property, Fairway View II, to a third party, CSHV Fairway View II, LLC, a Delaware limited liability company (the “Purchaser”). The total sales price for Fairway View II was approximately $9,790,000. As a result of this sale the Registrant no longer holds an ownership interest in any investment property.


In accordance with the Amended and Restated Certificate and Agreement of Limited Partnership of the Registrant, the Registrant's managing general partner is evaluating the cash requirements of the Registrant to determine the portion of the net proceeds to be distributed to the Registrant's partners.









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 7


By:

NPI Equity Investments, Inc.

Managing General Partner



By:

/s/Martha L. Long

Martha L. Long

Senior Vice President



Date:

June 30, 2006






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