-----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, GNWHvOQMjAWvbaleMSbCM/n5M3Ea1+39HqzK8KwrMJXhbKxLmMx8f79Ys5r2VL5I tTEIIGS/+Wdj1c+vx1+gNQ== 0000948524-99-000073.txt : 19990908 0000948524-99-000073.hdr.sgml : 19990908 ACCESSION NUMBER: 0000948524-99-000073 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990907 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990907 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: 99706853 BUSINESS ADDRESS: STREET 1: ONE CALIFORNIA ST STREET 2: SUITE 1400 CITY: SAN FRANCISCO STATE: CA ZIP: 94111-5415 BUSINESS PHONE: 4156782000 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 SEPTEMBER 7, 1999 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 September 7, 1999 ----------------- 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 Jurisdiction of 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 September 7, 1999, filed herewith as Exhibit 20.6 is hereby incorporated by reference. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits: 20.6 Letter dated September 7, 1999 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: September 7, 1999 ----------------- EX-20 2 SEPT. 7, 1999 LETTER TO INVESTORS September 7, 1999 To: The Investors of Metric Partners Growth Suite Investors, L.P. ("GSI" or the "Partnership") RE: Distribution of Sales Proceeds Dear Investor: As you are aware, the Partnership retained a portion of the proceeds of the December 30, 1997 sale of eight of its hotels due to uncertainties relating to the mortgage on the Residence Inn - Nashville and to legal matters impacting the Partnership. With the June 1999 foreclosure of the Residence Inn - Nashville and upon review of the remaining issues concerning GSI, the managing general partner has determined that the Partnership can distribute additional sales proceeds, in the amount of approximately $5,200,000. Therefore, enclosed please find a check representing your pro rata share of this distribution in the amount of $85 per original $1,000 Unit. If your investment is part of a retirement plan or if you have pre-specified your brokerage firm or an alternate destination for your checks, your distribution has been forwarded to your custodian, trustee, or brokerage firm. Total cash distributions to date have ranged from $6,961 to $7,894 per original $10,000 investment, depending upon the individual investor's date of acceptance to the Partnership. These distributions have included a total of $3,951 per original $10,000 investment in proceeds from the sale of the Partnership's hotels. Currently, GSI has a cash balance of approximately $7,000,000; however a Tennessee Court has enjoined the Partnership from conveying, transferring, or otherwise disposing of $5,000,000 for potential payment of any judgement awarded with respect to certain litigation in Tennessee concerning the Partnership. Additionally, as previously reported, the Partnership may be liable to Marriott for contract termination fees of approximately $1,415,000 and other amounts pursuant to the Partnership's management contract for the Residence Inn - Nashville. Future distributions will be primarily dependent upon the outcome of these matters. Questions regarding Partnership matters should be directed to the Investor Services Department at SSR Realty Advisors, One California Street, Suite 1400, San Francisco, California 94111, or via telephone at (800) 347-6707, extension 2025. Questions regarding services for your investment, including distribution payments, tax reporting information or transfer documents should be directed to the Partnership's Servicing and Transfer Agent, Gemisys. The address is as follows: GSI c/o Gemisys, 7103 South Revere Parkway, Englewood, Colorado 80112-3936. The toll-free telephone number is (800) 955-3025. METRIC REALTY Managing General Partner -----END PRIVACY-ENHANCED MESSAGE-----