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
Date of Report (Date of earliest event reported):
September 18, 1998
AMERICA FIRST APARTMENT INVESTORS, L.P.
(Exact name of registrant as specified in its charter)
Delaware 0-20737
(State of Formation) (Commission File Number)
47-0797793
(IRS Employer Identification Number)
Suite 400, 1004 Farnam Street,
Omaha, Nebraska 68102
(Address of principal executive offices) (Zip Code)
(402) 444-1630
(Registrants' telephone number, including area code)
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Item 2. Acquisition or Disposition of Assets. On September 18, 1998,
America First Apartment Investors, L.P. (the Partnership), a Delaware Limited
Partnership, acquired a 259-unit multifamily housing property located in
Orlando, Florida and known as St. Andrews at Westwood Apartments (the
"Property") from USF & G/Legg Mason Realty Partners Limited Partnership (the
"Seller"). The Partnership paid a total of $15,790,763 for the Property,
including acquisition costs of $240,763. The purchase price was determined in
arm's-length negotiations. The acquisition of the Property was financed with
cash on hand. The Partnership knows of no material relationship between the
Seller and the Partnership or any of its affiliates, directors or officers or
any associate of any of its directors or officers. The Partnership intends to
continue renting the Property as multifamily housing.
Item 7. Financial Statements and Exhibits.
(a) Financial Statements of Businesses Acquired.
Historical financial statements for the Property will be filed as an
amendment to this report.
(b) Pro Forma Financial Information.
Proforma financial information for the Partnership, prepared as if
the Partnership had acquired the Property on January 1, 1997 will be
filed as an amendment to this report.
(c) Exhibits.
None
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
AMERICA FIRST APARTMENT INVESTORS, L.P.
By America First Capital
Associates Limited Partnership
Four, its general partner
By America First Companies L.L.C, its general
partner
By /s/ Michael Thesing
Michael Thesing, Vice President
September 30, 1998
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