-----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, SC5AXqDUs45+gi8MChjjJKjLyBY0eYSS9XfQZ+WcNymXe7Ic+cwrKj5ZK4/kNh6T FRLC/GIONeR5jzB5goOJ1w== 0000948524-98-000008.txt : 19980114 0000948524-98-000008.hdr.sgml : 19980114 ACCESSION NUMBER: 0000948524-98-000008 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980113 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980113 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: METRIC PARTNERS GROWTH SUITE INVESTORS LP CENTRAL INDEX KEY: 0000800730 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] IRS NUMBER: 943050708 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-17660 FILM NUMBER: 98505749 BUSINESS ADDRESS: STREET 1: ONE CALIFORNIA ST STREET 2: SUITE 1400 CITY: SAN FRANCISCO STATE: CA ZIP: 94111-5415 BUSINESS PHONE: 4156872000 MAIL ADDRESS: STREET 1: ONE CALIFORNIA ST STREET 2: SUITE 1400 CITY: SAN FRANCISCO STATE: CA ZIP: 94111-5415 FORMER COMPANY: FORMER CONFORMED NAME: FOX GROWTH SUITE INVESTORS DATE OF NAME CHANGE: 19880412 FORMER COMPANY: FORMER CONFORMED NAME: MRI BUSINESS PROPERTIES FUND LTD IV DATE OF NAME CHANGE: 19871104 8-K 1 JANUARY 13, 1998 FORM 8-K FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 January 13, 1998 ------------------ Date of Report (Date of earliest event reported) Metric Partners Growth Suite Investors, L.P. -------------------------------------------- (Exact name of registrant as specified in its charter) 0-17660 California 94-3050708 ------- ---------- ---------- (Registration (State or Other (IRS Employer File Juriisdiction Identification Number) Incorporation) Number) One California Street, San Francisco, California 94111-5415 ----------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (415) 678-2000 (800) 347-6707 Wats line for all states ITEM 5. OTHER EVENTS This letter from Registrant to investors dated January 13, 1998, filed herewith as Exhibit 20.3 is hereby incorporated by reference. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits: 20.3 Letter dated January 13, 1998 from Registrant to its investors. 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, thereunto duly authorized. METRIC PARTNERS GROWTH SUITE INVESTORS, L.P., a California Limited Partnership By: Metric Realty an Illinois general partnership its Managing General Partner By: SSR Realty Advisors, Inc. a Delaware corporation its managing general partner By: /s/ William A. Finelli ---------------------------- William A. Finelli Managing Director, Principal Financial and Accounting Officer of SSR Realty Advisors, Inc. Date: January 13, 1998 ---------------- EX-20 2 OTHER DOCUMENTS/STATEMENTS TO SECURITY HOLDERS January 13, 1998 To: The Investors of Metric Partners Growth Suite Investors, L.P. ("GSI" or the "Partnership") RE: Important Information Regarding the Sale of Eight Properties and Distribution of Sales Proceeds Dear Investor: We are pleased to announce that the sale of eight of the Partnership's nine remaining Residence Inn Hotels was completed on December 30, 1997. Investors were notified of the potential sale in a special communication dated December 26, 1997. The Managing General Partner has decided to distribute a portion of the net proceeds of this sale, in the amount of $275.00 per Unit. This distribution is enclosed, unless your investment is part of a retirement plan in which case it is forwarded to your trustee, or you have pre-specified your brokerage firm or an alternate destination for your checks. As indicated in the letter of December 26, 1997, the Partnership was required by the purchaser under the terms of the sales contract not to distribute $7.5 million for a period of one year. Additionally, GSI will retain a reserve of approximately $4.5 million for operating contingencies, including the potential payment of all or part of the outstanding mortgage on the Residence Inn - Nashville. This mortgage, totaling approximately $8.5 million, is due April 1, 1998. As discussed in previous communications, a motion for a temporary injunction prohibiting the Partnership from distributing sales proceeds has been filed against the Partnership, and a hearing on this motion has now been rescheduled for January 14, 1998. Future distributions could be affected by the decision on this motion. The Partnership also anticipates a distribution from fourth quarter 1997 operations in the amount of $10 per Unit, or four percent annualized, to Unitholders as of December 31, 1997 during the week of January 26, 1998. Investors will be provided further information as available regarding the above-mentioned legal proceedings, as well as the status of Partnership operations. Questions relating to Partnership performance or the information provided in this letter should be directed to the Investor Representative at SSR Realty, at (800) 347-6707, extension 2025, or in writing to GSI, c/o SSR Realty Advisors, Inc., One California Street, Suite 1400, San Francisco, CA 94111. Operational questions regarding your investment should be directed to the Partnership's Servicing and Transfer Agent, Gemisys, at (800) 955-3025. Sincerely, METRIC REALTY Managing General Partner -----END PRIVACY-ENHANCED MESSAGE-----