-----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, ICwJKA32XZuTcqPZ7NwxF33a3d9C/SsHLrf5s0ENscLVmJVLj2H26OU7Qq+hAOb6 L2N+AR7gNeK9/OanNkQkZw== 0000892569-96-000096.txt : 19960202 0000892569-96-000096.hdr.sgml : 19960202 ACCESSION NUMBER: 0000892569-96-000096 CONFORMED SUBMISSION TYPE: 10-Q/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19950930 FILED AS OF DATE: 19960201 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN RETIREMENT VILLAS PROPERTIES II CENTRAL INDEX KEY: 0000830156 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 330278155 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q/A SEC ACT: 1934 Act SEC FILE NUMBER: 033-20413 FILM NUMBER: 96510135 BUSINESS ADDRESS: STREET 1: 245 FISCHER AVE STE D1 CITY: COSTA MESA STATE: CA ZIP: 92626 BUSINESS PHONE: 7147517400 MAIL ADDRESS: STREET 2: 245 FISCHER AVE STE D1 CITY: COSTA MESA STATE: CA ZIP: 92626 10-Q/A 1 ARV 10-Q/A FOR SEPT. 30, 1995 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10 Q/A QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 ----------------------------------- FOR THE QUARTER ENDED SEPTEMBER 30, 1995 Commission file number 0-26468 American Retirement Villas Properties II - ---------------------------------------- (Exact name of Registrant as specified in it's charter) California 33-0278155 - ---------- ---------- state or other jurisdiction (IRS Employer Identification of organization Number) 245 Fischer Avenue, Suite D-1 Costa Mesa, California 92626 - ---------------------- ----- (address of principal executive (zip code) office) Registrant's telephone number, (714) 751-7400 including area code -------------- Indicate by a check mark whether the registrant (1) has filed all the reports to be filed by Section 13 or 15(d) of the Securities and Exchange Act of 1934 during the preceding 12 months, (or for such shorter period that the registrant was required to file reports), and (2) has been subject to such filing requirements for the past 90 days. YES /X/ NO ---- --- 2 PART I ITEM 1 AMERICAN RETIREMENT VILLAS PROPERTIES II (A CALIFORNIA LIMITED PARTNERSHIP) BALANCE SHEETS (UNAUDITED) SEPTEMBER 30, 1995 AND DECEMBER 31, 1994
1995 1994 ASSETS (UNAUDITED) (AUDITED) --------------------------------- ----------- ------------ Properties, at cost (notes 4 and 5) Land $ 2,902,684 $ 2,902,684 Building and improvements, less accumulated depreciation of $5,153,599 in 1995 and $3,865,219 in 1994 15,390,084 15,669,092 Leasehold property and improvements, less accumulated amortization of $5,614,996 in 1995 and $5,595,821 in 1994 934,913 1,764,926 Furniture, fixtures and equipment less accumulated depreciation of $4,822,261 in 1995 and $1,108,392 in 1994 867,349 692,250 ----------- ------------ Net Properties 20,095,029 21,028,952 Cash and cash equivalents 248,689 605,100 Other assets 1,339,489 1,130,785 ----------- ------------ Total assets $21,683,207 $ 22,764,837 =========== ============ LIABILITIES AND PARTNERS' CAPITAL --------------------------------- Notes Payable (note 5) $ 6,945,022 $ 7,189,166 Accounts payable and accrued expenses 962,390 772,228 Amounts payable to affiliates (note 3) 59,811 494,423 Distribution payable to partners 95,094 544,381 ----------- ------------ Total Liabilities 8,062,316 9,000,198 Partners' capital ( deficit) (note 2 and 3) General partners' capital (deficit) 284,119 (162,861) Limited partners' capital, 34,995 units outstanding 13,336,771 13,927,500 ----------- ------------ Total liabilities and partners' capital $21,683,207 $ 22,764,837 =========== ============
See accompanying notes to financial statements. 3 PART I ITEM 1 AMERICAN RETIREMENT VILLAS PROPERTIES II (A CALIFORNIA LIMITED PARTNERSHIP) STATEMENTS OF OPERATIONS (UNAUDITED) FOR QUARTER ENDED SEPTEMBER 30, 1995 FOR QUARTER ENDED SEPTEMBER 30, 1994 FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1995 FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1994
QUARTER QUARTER NINE MONTHS NINE MONTHS ENDED SEPT ENDED SEPT ENDED SEPT ENDED SEPT 30, 1995 30, 1994 30, 1995 30, 1994 ---------- ---------- ----------- ----------- Revenues: Rent $3,694,834 $3,529,534 $11,039,557 $ 10,435,719 Assisted living 501,045 455,598 1,491,171 1,258,516 Interest 3,804 4,104 11,725 12,480 Other 41,473 51,270 133,915 149,196 ---------- ---------- ----------- ------------ Total Revenues 4,241,155 4,040,506 12,676,367 11,855,911 ---------- ---------- ----------- ------------ Costs and expenses : Rental property operations (note 3) 2,217,677 2,235,314 6,681,052 6,475,123 Assisted living (note 3) 224,124 202,675 643,969 571,642 General and administrative (note 3) 456,974 446,026 1,361,759 1,377,267 Ground rent (note 4) 291,766 290,861 865,148 884,619 Depreciation and amortization 515,654 432,889 1,577,366 1,820,488 Property taxes 120,868 180,092 378,623 317,557 Advertising 31,784 35,986 99,202 79,527 Interest 150,347 142,794 445,579 441,843 ---------- ---------- ----------- ------------ Total costs and expenses 4,009,194 3,966,637 12,052,697 11,968,067 Net Income (loss) 231,961 73,869 623,670 (112,156) Net Income (loss) to General Partner 2,320 739 6,237 (1,122) Net Income (loss) to Limited Partner $ 229,641 $ 73,130 $ 617,433 ($ 111,034) ========== ========== =========== ============ Net Income (loss) per Limited Partner unit $ 6.56 $ 2.09 $ 17.64 ($ 3.17) ========== ========== =========== ============
See accompanying notes to financial statements. 4 PART I ITEM 1 AMERICAN RETIREMENT VILLAS PROPERTIES II (A CALIFORNIA LIMITED PARTNERSHIP) STATEMENTS OF CASH FLOWS (UNAUDITED) FOR NINE MONTHS ENDED SEPTEMBER 30, 1995 FOR NINE MONTHS ENDED SEPTEMBER 30, 1994
1995 1994 (UNAUDITED) (UNAUDITED) ----------- ----------- Cash flows from operating activities: Net Income (loss) $ 623,670 $ (112,156) Adjustments to reconcile net loss to cash provided by operating activities: Depreciation and amortization 1,577,366 1,820,488 Change in assets and liabilities: (Increase) in other assets (208,704) (198,024) Increase in accounts payable and accrued expenses 190,162 179,045 Increase in amounts payable to affiliates 18,335 102,861 ----------- ----------- Net cash provided by operating activities 2,200,829 1,792,214 ----------- ----------- Cash flows from (used in) investing activities: Capital expenditures (332,708) (284,567) Acquisition of autos (166,196) 0 ----------- ----------- Net cash used in investing activities (498,904) (284,567) ----------- ----------- Cash flows from (used in) financing activities: Borrowings on line of credit 725,000 1,160,000 Principal repayments on line of credit (1,000,000) (1,535,000) Principal repayments of long term debt (104,292) (83,227) Distributions paid (1,679,044) (1,325,451) ----------- ----------- Net cash used by financing activities (2,058,336) (1,783,677) ----------- ----------- Net Decrease in cash and cash equivalents (356,411) (276,030) Cash & cash equivalents at beginning of period 605,100 389,830 ----------- ----------- Cash and cash equivalents at the end of the period $ 248,689 $ 113,800 =========== ===========
See accompanying notes to financial statements. 5 PART 1 ITEM 1 (CONTINUED) AMERICAN RETIREMENT VILLAS PROPERTIES II (A CALIFORNIA LIMITED PARTNERSHIP) NOTES TO FINANCIAL STATEMENTS (UNAUDITED) SEPTEMBER 30, 1995 (1) SIGNIFICANT ACCOUNTING POLICIES Basis of Accounting Pursuant to Regulation S-X Rule 10-1(5) the material stated in the December 31, 1994 Form 10K is incorporated by this reference. The financial statements reflect all adjustments and disclosures which, are in the opinion of management, necessary for a fair presentation. All such adjustments are of a normal recurring nature. Carrying Value of Real Estate Pursuant to Regulation S-X Rule 10-1(5) the material stated in the December 31, 1994 Form 10K is incorporated by this reference. Restricted Cash Pursuant to Regulation S-X Rule 10-1(5) the material stated in the December 31, 1994 Form 10K is incorporated by this reference. Loan Fees Pursuant to Regulation S-X Rule 10-1(5) the material stated in the December 31, 1994 Form 10K is incorporated by this reference. Rental Income Pursuant to Regulation S-X Rule 10-1(5) the material stated in the December 31, 1994 Form 10K is incorporated by this reference. Income Taxes Pursuant to Regulation S-X Rule 10-1(5) the material stated in the December 31, 1994 Form 10K is incorporated by this reference. Net Income (Loss) per Limited Partner Unit Pursuant to Regulation S-X Rule 10-1(5) the material stated in the December 31, 1994 Form 10K is incorporated by this reference. Cash and Cash Equivalents Pursuant to Regulation S-X Rule 10-1(5) the material stated in the December 31, 1994 Form 10K is incorporated by this reference. 6 PART 1 ITEM 1 (CONTINUED) AMERICAN RETIREMENT VILLAS PROPERTIES II (A CALIFORNIA LIMITED PARTNERSHIP) NOTES TO FINANCIAL STATEMENTS (UNAUDITED) SEPTEMBER 30, 1995 Reclassifications Pursuant to Regulation S-X Rule 10-1(5) the material stated in the December 31, 1994 Form 10K is incorporated by this reference. (2) ORGANIZATION AND PARTNERSHIP AGREEMENT Pursuant to Regulation S-X Rule 10-1(5) the material stated in the December 31, 1994 Form 10K is incorporated by this reference. (3) TRANSACTIONS WITH AFFILIATES Pursuant to Regulation S-X Rule 10-1(5) the material stated in the December 31, 1994 Form 10K is incorporated by this reference, except for the following additional comments. For the nine months ended September 30, 1995 property management and partnership administration fees of $633,988 and $224,590 respectively, were paid or accrued to the Managing General Partner. During the quarter ending March 31, 1995, the General Partner made a non-cash contribution of $452,947 to the Partnership as forgiveness of fees owed to the General Partner. Such fees had been recognized as expenses by the Partnership in prior periods. (4) PROPERTIES Covina Villa: Pursuant to Regulation S-X Rule 10-1(5) the material stated in the December 31, 1994 Form 10K is incorporated by this reference. Valley View Lodge of Rossmoor: Pursuant to Regulation S-X Rule 10-1(5) the material stated in the December 31, 1994 Form 10K is incorporated by this reference. Retirement Inn of Daly City: Pursuant to Regulation S-X Rule 10-1(5) the material stated in the December 31, 1994 Form 10K is incorporated by this reference. Retirement Inn of Fullerton: Pursuant to Regulation S-X Rule 10-1(5) the material stated in the December 31, 1994 Form 10K is incorporated by this reference. Retirement Inn of Sunnyvale: Pursuant to Regulation S-X Rule 10-1(5) the material stated in the December 31, 1994 Form 10K is incorporated by this reference. 7 PART 1 ITEM 1 (CONTINUED) AMERICAN RETIREMENT VILLAS PROPERTIES II (A CALIFORNIA LIMITED PARTNERSHIP) NOTES TO FINANCIAL STATEMENTS (UNAUDITED) SEPTEMBER 30, 1995 Retirement Inn of Fremont: Pursuant to Regulation S-X Rule 10-1(5) the material stated in the December 31, 1994 Form 10K is incorporated by this reference. Retirement Inn of Campbell: Pursuant to Regulation S-X Rule 10-1(5) the material stated in the December 31, 1994 Form 10K is incorporated by this reference. Retirement Inn of Burlingame: Pursuant to Regulation S-X Rule 10-1(5) the material stated in the December 31, 1994 Form 10K is incorporated by this reference. Inn at Willow Glen: Pursuant to Regulation S-X Rule 10-1(5) the material stated in the December 31, 1994 Form 10K is incorporated by this reference. Montego Heights Lodge: Pursuant to Regulation S-X Rule 10-1(5) the material stated in the December 31, 1994 Form 10K is incorporated by this reference. (5) NOTES PAYABLE Pursuant to Regulation S-X Rule 10-1(5) the material stated in the December 31, 1994 Form 10K is incorporated by this reference. (6) ESOP Pursuant to Regulation S-X Rule 10-1(5) the material stated in the December 31, 1994 Form 10K is incorporated by this reference. 8 PART I ITEM II AMERICAN RETIREMENT VILLAS PROPERTIES II (A CALIFORNIA LIMITED PARTNERSHIP) MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (1) LIQUIDITY. The General Partners expect that the cash to be generated from operations of all the Registrant's properties will be adequate to pay operating expenses, make necessary capital improvements, make required principal reductions, and provide distributions to the Partners. On a long-term basis, the Registrant's liquidity is sustained primarily from cash flow provided by operating activities. During the nine months ended September 30, 1995, net cash provided by operating activities was approximately $1,880,307 as compared to cash provided by operating activities of approximately $2,001,523 for the nine months ended September 30, 1994. During the nine months ended September 30, 1995, the Registrant used net cash in investing activities of $498,904 compared to $284,567 for the nine months ended September 30, 1994. The Registrant's investing activities consisted of capital improvements made on its ten properties. During the nine months ended September 30, 1995, the Registrant used net cash in financing activities of $1,605,389 compared to $1,783,678 for the nine months ended September 30, 1994. The Registrant's financing activities consisted of principal reduction on notes payable and distributions paid to the Partners. The General Partners are not aware of any trends, other than national economic conditions, which have had or which may be reasonably expected to have a material favorable or unfavorable impact on revenues or income from the operations or sale of properties. The General Partners believe that if the inflation rate increases they will be able to pass the subsequent increase in operating expenses onto the residents of the properties by way of higher rental and Assisted Living rates. The Registrant has long term debt of approximately $6,945,022 ,as of September 30, 1995. $3,439,238 is due August 1, 2018, $2,814,552 is due November 1, 2016, $341,333 is due December 1, 1996, $225,000 is due December 31, 1995, $124,899 is secured by loans on vehicles due in 5 years. (2) CAPITAL RESOURCES. Registrant contemplates spending approximately $500,000 for capital expenditures during 1995 for physical improvements at its ten facilities. The funds for these improvements should be available from operations. There are no known material trends, favorable or unfavorable, in the Registrant's capital resources, and there is no expected change in the mix of such resources. (3) RESULTS OF OPERATIONS. THREE MONTHS ENDED SEPTEMBER 30, 1995 COMPARED WITH THE THREE MONTHS ENDED SEPTEMBER 30, 1994. Revenue for the three months ended September 30, 1995, and the three months ended September 30, 1994 includes rental income and Assisted Living income from all ten properties, interest earned on cash balances and other revenue. Total revenues for the three months ended September 30, 1995 were $4,241,155, an increase of approximately 5% over revenues of $4,040,346 for the three months ended September 30, 1994. 9 PART I ITEM II (CONTINUED) AMERICAN RETIREMENT VILLAS PROPERTIES II (A CALIFORNIA LIMITED PARTNERSHIP) MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The largest component of revenue, rent, increased by approximately 5% from the three months ended September 30, 1994 to the three months ended September 30, 1995. The increase in rent was due to an increase in occupancy of approximately 4% and an increase in rental rates of approximately 1%. Revenue from Assisted Living increased by approximately 10% from the three months ended September 30, 1994 to the three months ended September 30, 1995. The increase in Assisted Living was due to aggressive marketing of the Assisted Living services and the resulting increase in the number of residents using the program. Interest and other revenue decreased by over 17% from the three months ended September 30, 1994 to the three months ended September 30, 1995. Interest income results from interest earned on cash deposits. Other revenue generally includes processing fees and beauty shop revenue. Sources of revenue for the three months ended September 30, 1995 and September 30, 1994 are summarized as follows:
THREE MONTHS ENDED THREE MONTHS ENDED SEPTEMBER 30, 1995 SEPTEMBER 30, 1994 Rent $3,694,835 $3,529,534 Assisted Living 501,045 455,598 Interest 3,804 4,104 Other 41,473 51,270 ---------- ---------- $4,241,155 $4,040,506 ========== ==========
Total cost and expenses for the three months ended September 30,1 995 were $4,009,194, an increase of approximately 1% over costs and expenses of $3,966,637 for the three months ended September 30, 1994. The largest component of expenses, rental property operations, consist primarily of property management costs, payroll related expenses, utilities, food expenses and maintenance and supplies. Rental property operations expenses remained the same from the three months ended September 30, 1994 to the three months ended September 30, 1995. Assisted Living expenses consist primarily of the related payroll expense. Assisted living expenses increased by over 10% from the three months ended September 30, 1994 to the three months ended September 30, 1995. Assisted Living expenses increased due to the increases in size of the related staff providing Assisted Living services. This increase corresponds to the increase in Assisted Living revenue. 10 PART I ITEM II (CONTINUED) AMERICAN RETIREMENT VILLAS PROPERTIES II (A CALIFORNIA LIMITED PARTNERSHIP) MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS General and administrative expenses are comprised of, but not limited to, costs for accounting, partnership administration, bad debt, data processing, investor relations, insurance, and professional services. General and administrative expenses increased approximately 2% from the three months ended September 30, 1994 to the three months ended September 30, 1995. Depreciation and amortization expense increased by over 19% from the three months ended September 30, 1994 to the three months ended September 30, 1995. This increase is due to the purchase of autos. Interest expense increased over 5% for the three months ended September 30, 1994 compared to the three months ended September 30, 1995, as a result of lease financing obtained for the purchase of autos. Selected costs and expenses for the three months ended September 30, 1995 and September 30, 1994 are summarized as follows:
THREE MONTHS ENDED THREE MONTHS ENDED SEPTEMBER 30, 1995 SEPTEMBER 30, 1994 Rental Property Operations $2,217,677 $2,235,314 Assisted Living 224,124 202,675 General and Administrative 456,974 446,026 Depreciation and Amortization 515,654 432,889 Property Taxes 120,868 180,092 Interest 150,347 142,794
NINE MONTHS ENDED SEPTEMBER 30, 1995 COMPARED WITH THE NINE MONTHS ENDED SEPTEMBER 30, 1994. Revenue for the nine months ended September 30, 1995, and the nine months ended September 30,1994 includes rental income and Assisted Living revenue from all ten facilities, interest earned on cash balances and other revenue. Total revenues for the nine months ended September 30, 1995 were $12,676,367 an increase of approximately 7% over revenues of $11,855,911 for the nine months ended September 30, 1994. The largest component of revenue, rent, increased by over 5% from the nine months ended September 30, 1994 to the nine months ended September 30, 1995. This increase in rent was due to an increase in occupancy of approximately 4% and an increase in rental rates of over 1%. Revenue from Assisted Living increased by over 18% from the nine months ended September 30, 1994 to the nine months ended September 30, 1995. The increase in Assisted Living was due to aggressive marketing of the Assisted Living services and the resulting increase in the number of residents using the program. 11 PART I ITEM II (CONTINUED) AMERICAN RETIREMENT VILLAS PROPERTIES II (A CALIFORNIA LIMITED PARTNERSHIP) MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Interest and other revenue decreased by approximately 10% from the nine months ended September 30, 1994 to the nine months ended September 30, 1995. Interest income results from interest earned on cash deposits. Other revenue generally includes processing fees and beauty shop revenue. Sources of revenue for the nine months ended September 30, 1995 and September 30, 1994 are summarized as follows:
NINE MONTHS ENDED NINE MONTHS ENDED SEPTEMBER 30, 1995 SEPTEMBER 30, 1994 Rent $11,039,557 $10,435,719 Assisted Living 1,491,171 1,258,516 Interest and Other 145,640 161,676 ----------- ----------- Total Revenue $ 6,176,611 $11,855,911 =========== ===========
Total costs and expenses for the nine months ended September 30, 1995 were $12,052,697, an increase of approximately 1% over costs and expenses of $11,968,067 for the nine months ended September 30, 1994. The largest component of expenses, rental property operations, consist primarily of the property management costs, payroll related expenses, utilities, food expenses and maintenance and supplies. Rental property operations expense increased by almost 3% from the nine months ended September 30, 1994 to the nine months ended September 30, 1995. The increase in rental property operating expenses is primarily due to increased in payroll expenses and increases in occupancy which generate increases in expenses. Assisted Living expenses consist primarily of the related payroll expense. Assisted Living expenses increased by over 12% from the nine months ended September 30, 1994 to the nine months ended September 30, 1995. Assisted Living expenses increased due to the increases in size of the related staff providing Assisted Living services. This increase corresponds to the increase in Assisted Living revenue. General and administrative expenses are comprised of, but not limited to, costs for accounting, partnership administration, bad debt, data processing, investor relations, insurance, and professional services. General and administrative expenses decreased about 1% from the nine months ended September 30, 1994 to the nine months ended September 30, 1995. Depreciation and amortization expense decreased by more than 13% from the nine months ended September 30, 1994 to the nine months ended September 30, 1995. Depreciation and amortization decreased due to a portion of fixed assets becoming fully depreciated. Interest expense increased almost 1% for the nine months ended September 30, 1994 compared to the nine months ended September 30, 1995, as a result of the lease financing of vehicles. 12 PART I ITEM II (CONTINUED) AMERICAN RETIREMENT VILLAS PROPERTIES II (A CALIFORNIA LIMITED PARTNERSHIP) MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Selected costs and expenses for the nine months ended September 30, 1995 and September 30, 1994 are as follows:
NINE MONTHS ENDED NINE MONTHS ENDED SEPTEMBER 30, 1995 SEPTEMBER 30, 1994 Rental Property Operations $6,681,052 $6,475,123 Assisted Living 643,969 571,642 General and Administrative 1,361,759 1,377,267 Depreciation and Amortization 1,577,366 1,820,488 Property Taxes 378,623 317,557 Interest 445,579 441,843
13 PART II AMERICAN RETIREMENT VILLAS PROPERTIES II (A CALIFORNIA LIMITED PARTNERSHIP) ITEM 1 LEGAL PROCEEDINGS None ITEM 2 CHANGE IN SECURITIES None ITEM 3 DEFAULTS UPON SENIOR SECURITIES None ITEM 4 SUBMISSION OF MATTERS TO VOTE OF SECURITY HOLDERS None ITEM 5 OTHER INFORMATION A. On May 25, 1995 the Managing General Partner had a name change from ARV Housing Group, Inc. to ARV Assisted Living, Inc.. B. Form 8-A General Form For Registration of Securities - Filed July 19, 1995. ITEM 6 EXHIBITS AND REPORTS ON FORM 8K A. Exhibit 27 - Financial Data Schedule B. None 14 PART II (CONTINUED) AMERICAN RETIREMENT VILLAS PROPERTIES II (A CALIFORNIA LIMITED PARTNERSHIP) 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. AMERICAN RETIREMENT VILLAS PROPERTIES II, A CALIFORNIA LIMITED PARTNERSHIP By ARV Assisted Living, Inc. ------------------------- Managing General Partner Date: February 1, 1996 By /s/ Gary L. Davidson -------------------------- Gary L. Davidson Chairman of the Board Date: February 1, 1996 By /s/ Graham Espley-Jones -------------------------- Graham Espley-Jones Chief Financial Officer EX-27 2 FINANCIAL DATA SCHEDULE
5 3-MOS DEC-31-1995 JUL-01-1995 SEP-30-1995 1,105,608 0 0 0 0 482,570 20,095,029 15,590,856 21,683,207 8,062,316 0 0 0 0 13,620,891 21,683,207 0 4,241,155 0 3,858,847 0 0 150,347 0 0 0 0 0 0 231,961 0 0
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