-----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, QGkXe15tCCkMaAMAX0lRdeHzRRx9dBCmkIZj3GMAk13jEehH4BgdvX0TVbU+yriT Mw6cLP+MF65L9M1BLiH1/w== 0000892569-98-000061.txt : 19980114 0000892569-98-000061.hdr.sgml : 19980114 ACCESSION NUMBER: 0000892569-98-000061 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19971230 ITEM INFORMATION: FILED AS OF DATE: 19980113 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARV ASSISTED LIVING INC CENTRAL INDEX KEY: 0000949322 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-NURSING & PERSONAL CARE FACILITIES [8050] IRS NUMBER: 330160968 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-13575 FILM NUMBER: 98505695 BUSINESS ADDRESS: STREET 1: 245 FISCHER AVE STREET 2: SUITE D-1 CITY: COSTA MESA STATE: CA ZIP: 92626 BUSINESS PHONE: 7147517400 MAIL ADDRESS: STREET 1: 245 FISCHER AVENUE STREET 2: SUITE D-1 CITY: COSTA MESA STATE: CA ZIP: 92626 8-K 1 FORM 8-K FOR PERIOD ENDED DECEMBER 30, 1997 1 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): December 30, 1997 Commission file number 0-26980 ARV ASSISTED LIVING, INC. (Exact name of Registrant as specified in its charter) CALIFORNIA 33-0160968 (STATE OR OTHER JURISDICTION OF (I.R.S. EMPLOYER INCORPORATION OR ORGANIZATION) IDENTIFICATION NO.) 245 FISCHER AVENUE, D-1 COSTA MESA, CA 92626 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICE) (ZIP CODE) REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (714) 751-7400 2 ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS. INTEREST IN PROSPECT PARK RESIDENCE, LLC AND WATERSIDE VILLAS, LLC On December 30, 1997, ARV Assisted Living, Inc. ("ARV") completed sale transactions with Castle Senior Living, LLC, a Delaware limited liability company, for approximately $24.5 million. This amount includes the purchase price plus the repayment of outstanding loans and related accrued interest due to ARV from Prospect Park Residence, LLC and Waterside Villas, LLC. Pursuant to the terms of the transaction, ARV sold its 50 percent interest in one operating assisted living community and one assisted living community in the development phase. The interest in the two communities sold were as follows:
Community Location Type Units - --------- -------- ---- ----- Prospect Park Residence Brooklyn, New York Assisted Living Community 127 Waterside Villas Cranbury, New Jersey Assisted Living Community under development 138 --- Total 265 ===
3 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. ARV Assisted Living, Inc. By: /s/ Graham Espley-Jones ------------------------------ Graham Espley-Jones Chief Financial Officer (Duly authorized officer) Date: January 13, 1998 -----END PRIVACY-ENHANCED MESSAGE-----