-----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, L708TiOz1RprQ8FKvhg9IXy1IQDKkFYYiMbOGlXPIFElf8f4pS3nc/A/5ALERto2 xubAYnfqdgXrX5MuMCetFw== 0000711642-08-000472.txt : 20081003 0000711642-08-000472.hdr.sgml : 20081003 20081003083818 ACCESSION NUMBER: 0000711642-08-000472 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080929 ITEM INFORMATION: Termination of a Material Definitive Agreement FILED AS OF DATE: 20081003 DATE AS OF CHANGE: 20081003 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ANGELES OPPORTUNITY PROPERTIES LTD CENTRAL INDEX KEY: 0000789282 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 954052473 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-16116 FILM NUMBER: 081105306 BUSINESS ADDRESS: STREET 1: 1873 SOUTH BELLAIRE STREET STREET 2: 17TH FLOOR CITY: DENVER STATE: CO ZIP: 80222 BUSINESS PHONE: 3037578101 MAIL ADDRESS: STREET 1: 1873 SOUTH BELLAIRE STREET STREET 2: 17TH FLOOR CITY: DENVER STATE: CO ZIP: 80222 8-K 1 aopllakewoodsept29_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

 

ANGELES OPPORTUNITY PROPERTIES, LTD.

(Exact name of Registrant as specified in its charter)

 

 

California

0-16116

95-4052473

(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 1.02 Termination of a Material Definitive Agreement

 

Angeles Opportunity Properties, Ltd., a California limited partnership (the “Registrant”), owns a 99% interest in Lakewood AOPL, a Texas Limited Partnership (the “Partnership”). The Partnership owns Lakewood Apartments (“Lakewood”), a 256-unit apartment complex located in Tomball, Texas. As previously disclosed, on August 28, 2008, the Partnership entered into a Purchase and Sale Contract (the “Purchase Agreement”) with a third party, VR General Partner LLC, a Delaware limited liability company (the “Purchaser”), to sell Lakewood to the Purchaser for a total sales price of $11,200,000.

 

As previously disclosed, on September 15, 2008, the Purchaser delivered written notice to the Partnership of its election to terminate the Purchase Agreement and, pursuant to its terms, the Purchase Agreement was terminated on September 15, 2008.

 

As previously disclosed, on September 19, 2008, the Partnership and the Purchaser entered into a First Amendment of Purchase and Sale Contract pursuant to which the Purchase Agreement was reinstated, the feasibility period was extended to September 30, 2008 and the closing date was extended to October 20, 2008.

 

On September 29, 2008, the Purchaser delivered written notice to the Partnership of its election to terminate the Purchase Agreement and, pursuant to its terms, the Purchase Agreement was terminated on September 29, 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.

 

 

 

ANGELES OPPORTUNITY PROPERTIES, LTD.

 

By:    Angeles Realty Corporation II 

  General Partner

 

By:    /s/Stephen B. Waters

  Stephen B. Waters

  Vice President

 

 

Date:  October 3, 2008

 

 

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